The meme coin storm is brewing as soon as once more, with mid-caps like Pudgy Penguins (PENGU) making headlines as high crypto gainers in the present day.
The Solana meme coin has rallied by greater than 30% over the previous 24 hours, buying and selling as excessive as $0.012 at press time.
On the identical time, it ranks high among the many best-performing meme cash over the previous week, surging by greater than 60% to a market cap above $830 million.
And with technicals indicating a continuation of the bullish momentum, maybe resulting from growing buying and selling quantity, outstanding market commentators are optimistic that PENGU may retest its ATH at $0.057 in July.
Is Pudgy Penguins one of the best meme coin to purchase in the present day?
PENGU Value Historical past
PENGU entered the market in mid-December 2024 and instantly grabbed the eye of top-tier exchanges like Binance.
Inside a number of hours of going reside, the Solana meme coin exploded to $3 billion in market cap. Its value additionally climbed to a excessive of $0.05738 – which stays its ATH on the time of writing.
Following this parabolic motion was a correction, which pulled the token value to the $0.031 – $0.038 vary.
One other short-term rally – fueled by Donald Trump’s inauguration frenzy in January – took form within the PENGU market. But it surely wasn’t sufficient to push the value previous its earlier highs.
Tariff-driven headlines intensified PENGU’s value volatility between February and Could, plunging it into the $0.008 vary. Whereas this correction was extreme, it was in keeping with the broader market dynamics at the moment.
Nonetheless, in June, the market noticed a serious turnaround that pushed the value of Bitcoin nicely above the $100k degree. Unsurprisingly, PENGU has been driving the renewed market momentum to retest its multi-month highs, hovering between $0.0124 and $0.0126 at press time.
And with extra bullish alerts now arriving available in the market for July, the meme coin might be on the cusp of a breakout to a brand new ATH.
PENGU Value Evaluation – Why Is The Pudgy Penguins’ Value Bouncing In the present day?
Mid-caps are experiencing the most important bounces on this bull cycle, outperforming even Bitcoin and Ethereum.
Take, for example, PENGU – it has been the undisputed meme coin winner in the present day, registering repeated spikes to commerce above $0.012.
On the time of writing, the meme coin has surged over 60% week-to-date, with the bulk coming from its almost 26% intraday rally. Throughout this spectacular 24-hour outing, PENGU’s market cap and buying and selling quantity rallied 25.36% and 279.88%, to $838 million and $492.44 million, respectively.
PENGU’s bullish trajectory is not any fluke, contemplating that it has been following a falling wedge sample on the month-to-month chart.
Past technicals, different key components, together with the continued developments inside its ecosystem, have additionally contributed to Pudgy Penguins’ sturdy efficiency.
For instance, on June 23, PENGU jumped by 32% after the Pudgy Penguins mascot was noticed on stage alongside VanEck on the Nasdaq bell ceremony.
In the present day, the coin recorded one other important value leap following Cboe’s 19b-4 pitch submission, which proposes to checklist an ETF that mixes PENGU tokens and Pudgy Penguin NFTs.
This improvement comes barely a number of days after an S-1 registration by Canary Capital, fueling speculations of improved regulation and institutional adoption of NFT-based merchandise.
Whereas the approval discuss remains to be in its early stage, the submitting alone has turn into a scorching matter within the crypto city – much like how Bitcoin ETFs trended in late 2023. And with the current Lufthansa loyalty partnership, the undertaking has captured important curiosity not too long ago.
On-chain analytics platform Nansen noticed that whale merchants have elevated within the PENGU market over the previous month. Based on knowledge, PENGU holdings by giant addresses have elevated by over 11.37%, public determine wallets exceeded 7.07%, and high 100 wallets have upped their stash by 2.27%.
Nansen analysts defined that at the same time as the value stays extraordinarily unstable, whales are actively stepping in, making a provide squeeze which will have triggered the value rally.
Technical Indicators Align as PENGU Indicators Bullish Momentum Shift
PENGU has damaged above the $0.0106 falling wedge goal, signaling a constructive momentum shift. And with the RSI rating at 54.57, consultants predict there’s room for upside earlier than overbought. On the identical time, the MACD histogram has flipped constructive, because the asset now exams the $0.0127 degree.
Pudgy Penguins additionally broke above the higher Bollinger Band at $0.0126, indicating sturdy bullish momentum. Proper now, the bands are increasing, indicating a possible continuation of the northward journey.
The Bull Bear Energy (BBP) Indicator at the moment sits at a constructive degree of 0.000975, signaling that the bulls maintain the higher hand in the mean time. For a lot of the month, PENGU hovered across the destructive zone as shopping for momentum stayed weak. Nonetheless, a transparent constructive shift surfaced round June 26, igniting the value surge.
PENGU Value Prediction
Quick-Time period
Consultants are echoing the bullish vibes at the moment operating by means of the PENGU market.
For example, famend market analyst Ali Martinez revealed that PENGU is displaying sturdy momentum, with the TD Sequential flashing purchase alerts. He added that this bullish development may push the meme coin above $0.012, primarily pushed by the newest ETF information.
Crypto educator Karan Singh Arora additionally famous that the asset exhibits a robust development, rebounding from a serious help degree close to $0.009. Arora defined that Pudgy Penguins may journey in direction of $0.014, assuming it breaks the present resistance between $0.0118 and $0.0123.
Offered that PENGU retains up its momentum, supported by sturdy quantity and ongoing ETF buzz, it may hit $0.05 in July. But when consumers get exhausted and the market begins to chill, PENGU’s value motion might decelerate.
In gentle of this, the coin might consolidate between the $0.0118 – $0.0140 vary within the coming weeks earlier than making its subsequent decisive transfer.
Lengthy-Time period
PENGU’s long-term development in 2025 hinges on a mixture of undertaking fundamentals and BTC’s value motion for the remainder of the 12 months. A Cboe ETF approval may drive institutional recognition, thus amplifying investor demand.
And as such, the coin may journey in direction of the $0.07 – $0.08 vary by year-end.
Extra so, real-world utility by means of partnerships with high model similar to Lufthansa and rising engagement by way of the Pengu Conflict recreation may assist decouple PENGU from typical meme coin volatility.
Is PENGU the Greatest Meme Coin to Purchase In the present day?
Pudgy Penguins continues to make consultants’ lists of one of the best meme cash to purchase in the present day, due to its sturdy technical fundamentals and ongoing ecosystem enlargement.
Nonetheless, unsurprisingly, it isn’t the one meme coin gearing up for an enormous bull rally in July.
Even newer meme cash similar to BTC Bull are demonstrating stronger potential of delivering head-scratching returns once they arrive on change within the coming month.
A meme coin themed across the strongest model in crypto Bitcoin, BTC Bull continues to attract the eye of traders from all corners of the trade because it prepares for its highly-anticipated change itemizing in early July.
BTC Bull’s latent demand comes as no shock, contemplating that it’s the one meme coin undertaking promising free BTC airdrops to early traders.
Based on its whitepaper, early consumers will get free BTC airdrop instantly the Bitcoin value hits $150k – a feat that well-known market analysts consider might be achieved earlier than the top of July.
What’s extra? There can be a number of rounds of BTC and BTCBULL airdrops at $200k and $250k. Likewise, token burns are scheduled to unfold when BTC smashes $125k, $175k, and $225k respectively, laying the groundwork for BTCBULL to develop in tandem with Bitcoin.
In the meantime, with lower than 36 hours to the top of its presale, early traders are already stacking up tangible staking rewards.
All of this, and extra makes the undertaking value a search for anybody seeking to amplify their returns this 12 months.
Not lower than $7.5 million has been raised in its presale up to now, with outstanding YouTubers like ClayBro calling it a superb guess on the ever-resilient Bitcoin narrative.
Go to BTC Bull Presale
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