Pudgy Penguins’ $PENGU Shows Strong RSI Breakout, Triggering Potential 370% Replay

Ethereum-based meme coin $PENGU has broken out above a key resistance level based on an RSI indicator, mirroring a historical pattern that led to a 370% rally. This bullish signal is driving the token’s price up by over 2.5%, reaching a new high of 0.01085 USDT. The upward movement is supported by surging trading volume and positive funding rates on the Binance futures market. Pudgy Penguins, the NFT project behind the $PENGU token, has shown resilience throughout this year’s market downturn but recent technical analysis suggests it could be poised for a significant rebound.