As Pudgy Party’s mobile launch nears, PENGU price surges in popularity, drawing strong interest from gamers and crypto traders.
As anticipation for Pudgy Penguins’ next mobile game, Pudgy Party, grows, the official meme coin of the franchise, PENGU, has gone vertical.
Investor excitement is reflected in $PENGU’s price action as the game is ready to launch on Google Play and the Apple App Store, but will the rise last?
CoinMarketCap data reveals that PENGU price surged from a daily low of $0.02897 to a high of $0.03456, before settling around $0.03242 at the time of writing.
For a meme coin still in its infancy, the market capitalization has risen to over $2 billion in just one day.
Additionally, the trading volume surged to $1.75 billion, indicating a rise in trader confidence.
Following Coinbase, a prominent American cryptocurrency exchange, changing its profile picture to a Pudgy Penguins NFT last week, PENGU price also saw a sharp rise.
The meme token has increased by almost 117% in the previous week.
Meme Coin Mania Meets Mobile Gaming
Pudgy Party, a fast-paced multiplayer royale game targeted at casual gamers, is making its way to major platforms as part of Pudgy Penguins’ partnership with Mythical Games to enter the mobile gaming market.
Early teasers indicate a lively social game with a collecting flair, carrying on the look that made Pudgy Penguins one of the most iconic NFT brands, even though gameplay mechanics are still unknown.
There is a $5,000 giveaway in $PENGU tokens with the launch.
Users who match the requirements, pre-register with their email address and Solana wallet, and repost the official Pudgy Party promotional tweet stand a chance to win $1,000 each.
The offer is only open to US citizens at least 18 years old and runs from July 14 until August 1, 2025.
Cool-off To Follow For PENGU Price?
The 4-hour chart below shows that the RSI is 69.62, close to overbought levels.
If purchasers hesitate, this could indicate short-term weariness, even though it indicates strong momentum.
If the SEC accepts Canary’s application for a PENGU ETF, PENGU price may also shatter the $0.040 zone.
Additionally, even if the histogram starts to flatten, which is a precursor to decreasing momentum, the MACD is still bullish.
According to Bollinger Bands, PENGU is aggressively riding the upper Band, characteristic of a parabolic breakthrough.
If the price stalls, a mean reversion toward the mid-band ($0.0297) may occur.
Lastly, the ATR has increased to 0.00221, signaling increased volatility and warning traders to expect large swings.
The Fibonacci in line with the mid-Bollinger Band, retracement levels indicate immediate support at $0.03136 (0.236 Fib) and deeper support close to $0.0297.
With a possible full extension to $0.0452, resistance zones are located ahead at $0.0361 (0.5 Fib) and $0.0383 (0.618 Fib).
The following wave may move into $0.038 if PENGU price maintains the $0.031 level and breaks past the 0.382 Fibonacci resistance at $0.0340.
The 0 Fib baseline, which is $0.0297 or $0.0270, might be the target of a downturn if the $0.0313 support is not held.
