Pudgy Penguins NFTs Surge Amidst Record Trading Volume
Pudgy Penguins, a popular NFT collection, has seen a resurgence in interest, with its token price surging amidst increased trading volume. The floor price for Pudgy Penguins NFTs remains steady at 14.8 ETH, indicating sustained demand. The 24-hour trading volume has surpassed $582 million, marking a 28% increase from the previous day.
Analysts are closely monitoring the 4-hour chart for signs of a market structure flip, which could signal a new expansion phase for PENGU. The token has found steady support at the $0.025 level over the past month and is currently hovering around $0.031761. PENGU faces resistance in the $0.035-$0.040 range, but a break through this zone could lead to further gains. Rumors of partnerships, including a potential NASCAR collaboration and brand tie-ins with mobile games, have fueled retail interest in Pudgy Penguins. Last week, Pudgy Penguins NFTs saw $3.4M in sales, outpacing major collections and signaling ongoing collector confidence. Sharps Technology, Inc. (NASDAQ: STSS), a leading Solana treasury, has announced a strategic partnership with Pudgy Penguins to integrate the brand's intellectual property with its institutional-grade Solana treasury, aiming to increase interest in the brand.
The Pudgy Penguins ecosystem is showing strong signs of growth, with a predicted potential of 5x to 10x gains from current price levels. As the token continues to find support and resistance levels, and with potential partnerships on the horizon, the future of Pudgy Penguins looks promising.
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