BTC, ETH and other currencies have fallen sharply, while PENGU and BGB prices have soared. The market is consolidating 🔥🔥🔥
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At the opening this week:
The market is extremely bullish, Bitcoin's price has broken through consolidation, soaring above $107,700, setting a new high, driving a large-scale bullish trend across the entire market, with more altcoins gaining strength.
However, other cryptocurrencies like ETH, DOGE, ADA, or SOL remain confined within a range. The opening of the day's trading was bearish, with a market cap evaporating by over $150 million and trading volume decreasing by more than 3%.
Pudgy Penguins (PENGU): The next Memecoin hotspot in the market. Now the bulls are weak, and the token price has fallen sharply, but some altcoins are still rising.
Pengu is a new token in the Pudgy Penguins ecosystem, which caused a stir after its launch on Solana, entering the top 100. However, the price has plummeted by over 57%, mainly due to 20% of the supply being sold off.
The airdrop is massive, but PENGU also experienced a large sell-off, and a 50% correction after entering the top 10 memecoins has raised concerns. Caution is advised before trading.
(BGB): Breaks new highs.
Prices are reaching new highs every day, with trading volume increasing significantly, rising by over 16%, entering the list of tokens with the largest increases.
BGB price has broken through the rising parallel channel, rebounding towards new highs after an expected correction. RSI reached an all-time high of 93.61, with no signs of bearish divergence, and the token is expected to maintain a healthy upward trend, likely to correct only after reaching $5.
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