PENGU Soars As Rumours Of Pokémon Collaboration Circulate
PENGU has surged over 14% in the past 24 hours, lifting its market cap to $2.57 billion, fueled by speculation of a potential collaboration between Pudgy Penguins and Pokémon. Investors are excited about the possible partnership, especially after the recent airdrop disaster.
Massive Potential
A recent tweet by a Pudgy Penguin holder hinted at the rumored partnership, sparking excitement among investors about the potential for a high-profile alliance to boost PENGU in terms of both its brand and overall price.
Meanwhile, technical indicators like the RSI at 64.6 and ADX at 27.3 suggest strong but stabilizing momentum, with PENGU positioned to challenge key resistance at $0.043 and possibly climb to $0.05 or higher.
No Confirmation Yet
Pokémon is one of the most popular franchises of all time, as the iconic pocket monsters helped earn $1.9 billion in revenue between March 2023 and February 2024. However, without confirmation of the collaboration, the current hype about Pudgy Penguins collaborating with Pokémon remains speculative, and a reversal could see prices fall to support levels around $0.029 or $0.025.
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