Pengu Price Prediction: PENGU Flips Dogecoin in Volume – 200% Breakout Could Be Just Days Away
Main Idea
Pudgy Penguins (PENGU) has surpassed Dogecoin in trading volume on Upbit, with analysts predicting a potential 200% breakout due to market trends and technical analysis.
Key Points
1. Pudgy Penguins recorded over $96.7 million in 24-hour trading volume on Upbit, overtaking Dogecoin.
2. Analyst Cas Abbé highlights a textbook Elliott Wave setup, suggesting PENGU could reach a Wave 5 target of $0.117, a 65% gain.
3. A symmetrical triangle pattern and RSI levels indicate a potential Wave 4 bottom, with a breakout possibly leading to a 67% gain.
4. A 200% gain for PENGU may depend on catalysts like a spot ETF approval, while low-cap coins like Ana and Snorter ($SNORT) show higher short-term gains.
5. The market is also influenced by broader factors such as the June 30 FOMC meeting and potential rate cuts.
Description
Pudgy Penguins has flipped Dogecoin in trading volume on the largest Korean-based exchange, Upbit, adding fuel to a potential 200% move on the near-term Pengu price outlook . Up more than 200% over the past month, the meme coin has been one of the top beneficiaries of a fresh wave of retail liquidity driven by rising altcoin season sentiment, but now appears to consolidate. Markets turn to the June 30 FOMC meeting. While 97% expect no change to interest rates , optimism lingers that the anticipa...
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