Pudgy Penguins (PENGU) Surges 34% to Near Three-Month High

Pudgy Penguins (PENGU), a utility-driven meme coin, experienced a significant 34% rally over the past 24 hours, positioning it as the day’s top gainer. The coin has hit a two-month high of $0.013 and is trading above its 20-day exponential moving average (EMA) at $0.0074, indicating robust bullish momentum. Additionally, PENGU's price remains above its Parabolic SAR support at $0.0071, further validating the upward trend. Analysts suggest that sustained buying activity could see PENGU extend its gains up to the three-month high of $0.019. However, there is a potential risk of profit-taking, which might cause the price to dip below critical support levels and possibly revisit the year-to-date low of $0.0037. The technical indicators from TradingView underpin the current bullish outlook while also highlighting the risk factors if market sentiment shifts.