PENGU Skyrockets 117% Ahead of Game Launch — Is This Just the Beginning?
Jakarta, Pintu News – Pudgy Penguins’ official meme coin, PENGU, is soaring as enthusiasm for their upcoming mobile game Pudgy Party grows.
With plans to launch on the Apple App Store and Google Play, $PENGU’s price action reflects investors’ excitement – but will this rally last?
PENGU surged from a daily low of $0.02897 to touch a high of $0.03456, before finally consolidating around $0.03242 on July 16, according to data from CoinMarketCap.
PENGU has also experienced a rapid price increase after one of the leading American crypto exchanges, Coinbase, made NFT Pudgy Penguins their profile picture last week. The meme token has gained over 117% in just the past week.
Mobile Gaming Meets Meme Coin Fever
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While the game mechanics are still under wraps, early teasers hint at a colorful social game with collectible elements, continuing the aesthetic style that made Pudgy Penguins one of NFT’s most recognizable brands.
The launch is also accompanied by a $5,000 giveaway in the form of $PENGU tokens. Users who retweet Pudgy Party’s official promotional tweet, pre-register using their email and Solana wallet , and meet the eligibility criteria, stand a chance to win $1,000 each.
The giveaway program runs from July 14 to August 1, 2025, and is only open to US residents aged 18 and above.
PENGU Price, Will there be a Drop after the Surge?
Based on the 4-hour chart (16/7), the RSI indicator reads 69.62 – close to overbought levels. This signals strong momentum, but could also signal short-term exhaustion if buying pressure starts to ease.
PENGU has the potential to break the $0.040 zone, especially if the SEC approves Canary’s PENGU ETF filing.
Furthermore, the MACD indicator is still in bullish territory, although its histogram is starting to flatten – an early sign that momentum could start to weaken.
Bollinger Bands show PENGU moving aggressively along the upper band, a typical pattern of a parabolic breakout. A price correction towards the middle band ($0.0297) is possible if the price movement starts to slow down.
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Additionally, the ATR indicator has spiked to 0.00221, signaling a high increase in volatility – meaning traders should be prepared for wide price movements.
Fibonacci retracement levels show immediate support at $0.03136 (0.236 Fib level), and stronger support around $0.0297, which is in line with the middle band of the Bollinger Band.
The next resistance zones are at $0.0361 (0.5 Fib) and $0.0383 (0.618 Fib), with full extension potential up to $0.0452.
If PENGU is able to hold the $0.031 level and break the 0.382 Fibonacci resistance at $0.0340, the next upside could push the price towards $0.038.
However, if it fails to maintain support at $0.0313, a price correction could take PENGU back down to $0.0297 or even $0.0270 – which coincides with the 0 Fib bottom level.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Pengu Price Turns Parabolic Ahead of Game Launch on App, Will the Rally Continue? Accessed on July 17, 2025
