The meme coin PENGU has surged over 14% in the last 24 hours, boosting its market cap to $2.57 billion. Speculation about a potential collaboration between Pudgy Penguins and Pokémon has sparked excitement among investors, adding fuel to its ongoing uptrend.
Could a Pokémon Partnership Push PENGU to $0.10?
Rumors of a collaboration between Pudgy Penguins and Pokémon gained traction after a tweet from holder @broskisol. If confirmed, such a partnership could elevate PENGU’s brand and attract significant attention.
Aligning with a global entertainment giant like Pokémon could drive demand and propel PENGU’s price to unprecedented levels. In this scenario, analysts suggest the coin could reach $0.10, marking a historic milestone. However, without confirmation, the current excitement remains speculative.
RSI and ADX Show Room for Growth
PENGU’s Relative Strength Index (RSI) stands at 64.6, signaling strong upward momentum without entering overbought territory. The RSI measures price change speed and strength, with values above 70 indicating overbought conditions and potential pullbacks.
Meanwhile, the Average Directional Index (ADX) climbed to 27.3 from 20.1, signaling a strengthening trend. While the uptrend remains strong, slower ADX growth suggests momentum may stabilize soon.
Will PENGU Test $0.05 in January?
If the current uptrend continues, PENGU could challenge its resistance level at $0.043. A breakout above this point could push the price to $0.05, a milestone that would solidify its position as one of the most valuable Solana meme coins.
On the flip side, a trend reversal could test the support level at $0.029. Failing to hold this support might trigger a drop to $0.025, underscoring the need for sustained bullish momentum.
