Pudgy Penguins Price Surges 6.81%, Analysts Split on Breakout Chances

The price of Pudgy Penguins (PENGU) has increased by 6.81% in the past 24 hours, reaching $0.006726 as of writing.

This surge comes despite a mixed signals analysis from experts, with some pointing to a possible breakout above a descending trendline but also noting an overall bearish setup in higher timeframes.

The trading volume has jumped by 29.61%, currently standing at $57.23 million, and the coin price has risen by 8.54% over the last week, according to CoinMarketCap.

Crypto analyst Crypto Patel notes that the structure remains bearish, with a double top formation around $0.047 before falling approximately 89%, and bears continuing to dominate the chart under ICT and Smart Money Concepts analysis.