Pudgy Penguins (PENGU)🐧🐧🐧
PENGU is trading at $0.0376. The meme coin dedicated to penguins has entered the top five meme coins, reaching a new all-time high of $0.070, which is 130% higher than the current price. It has outperformed popular tokens like dogwifhat (WIF) and Floki (FLOKI), and its growing popularity has attracted significant attention from investors in the meme coin space.
In January, PENGU is unlikely to show a 130% increase; however, a breakout above the resistance level of $0.040 will give the meme coin additional momentum to continue the rally.
A loss of support at $0.029 will bring PENGU back to $0.022, which will nullify the current bullish outlook. Such a decline is likely to weaken investor sentiment and increase bearish pressure.