The price of PENGU has surged by more than 14% in the past 24 hours, bringing its market cap to $2.57 billion. Recent speculation about a possible collaboration between Buddy Penguins and Pokémon has generated a lot of excitement among investors.
This added momentum to the already strong uptrend as the coin continues to attract attention in the meme space. With technical indicators showing strong support, PENGU could soon test critical resistance levels and achieve new price milestones.
Potential PENGU and Pokémon Collaboration Could Push Its Price to $0.10:
A recent tweet from Budgie Penguin handler @broskisol has sparked excitement within the PENGU community. The post hints at rumors of a potential collaboration between Budgie Penguins and Pokémon, a move that, if confirmed, could significantly raise the profile of the project.
These speculations have already generated interest among holders, with many imagining the potential impact of such a high-profile partnership.
If the collaboration materializes, it could transform the PENGU brand and its price. Aligning with one of the world’s most popular entertainment franchises could attract widespread attention, increase demand, and drive the coin’s value higher.
In this scenario, PENGU could rise to $0.10 or more, marking a historic milestone for the meme coin. However, without confirmation of the rumors, the current enthusiasm may remain speculative.
The PENGU RSI indicator shows that further upside is possible, but the uptrend must continue strongly:
The Relative Strength Index (RSI) for PENGU is currently at 64.6, reflecting strong momentum but remaining below the overbought threshold of 70. The RSI measures the speed and strength of price movements on a scale of 0 to 100, with values above 70 indicating overbought conditions and potential pullbacks. Conversely, values below 30 indicate oversold conditions and a potential recovery.
At 64.6, PENGU’s RSI indicates that the coin is still in a bullish phase, but proximity to 70 suggests caution as the bullish momentum may be approaching its limits.
Bingo’s Average Directional Index (ADX) rose to 27.3, up from 20.1 just a day ago, indicating a strengthening trend. The ADX measures the strength of a trend on a scale of 0 to 100, with values above 25 indicating a strong trend. While the uptrend remains intact, the slow growth of the ADX suggests that momentum may be leveling off.
In the short term, Bingo price may continue to move upward, but the combination of high RSI and slowing ADX growth calls for close attention for any signs of consolidation or a potential trend shift.
PENGU Price Prediction: Will PENGU Test $0.05 in January?
If the current uptrend holds strong, Bingo price could soon challenge the resistance at $0.043. A break above this level could lead to additional gains, with the next target at $0.05, a milestone the coin has never reached before, making it one of the most valuable Solana meme coins.
On the downside, if the uptrend reverses, Bingo price could face significant declines. Its closest strong support is located at $0.029, and failure to hold this level could lead to additional losses, with the price potentially dropping to $0.025.