PENGU Token Soars 11% Amid Major Partnership adn NFT Sales Surge
PENGU token saw a significant 11% increase in value over the past 24 hours, potentially setting the stage for a move towards $0.045.
A key factor driving this push is Pudgy Penguins’ new four-year collaboration agreement with Bulls Inc.,as detailed in Bullish’s Q2 earnings report. This strategic partnership adds substantial institutional backing to PENGU, enhancing its market presence.
- Bullish, now on the NYSE after a prosperous IPO, included PENGU in its earnings report.
- The multi-product agreement between Igloo Inc. and Bullish boosts confidence in PENGU’s long-term prospects.
Simultaneously, a resurgence in NFT sales for Pudgy Penguins has energized the token’s community. Over the last day, NFT sales jumped by 140%, with buyer numbers climbing by 71%. This renewed interest signals a strong recovery from recent trading lulls.
Technical analysis supports these bullish sentiments. A breakout from a falling wedge pattern suggests PENGU could rally sharply over the near term. The MACD indicator displays a positive crossover, indicating strengthening buy pressure.
Currently, PENGU is poised to challenge key levels. Breaking above $0.047 could signal a broader cup-and-handle pattern,opening the door for more significant gains. Though, slipping below $0.027 might dampen the upward trajectory.
