PENGU Dumps 20% in 2 Weeks, But Analyst Predicts a Massive Rebound

Here's why the meme coin could soon skyrocket by roughly 70%. PENGU, the official community token of the Pudgy Penguin ecosystem, was once among the largest meme coins, with a market cap of more than $2.5 billion. However, after months of bearish pressure, its capitalization has shrunk to under $500 million, and the token currently trades around $0.0074, down 20% over the past fortnight. One key signal, though, suggests that PENGU might soon chart a notable resurgence. Upswing on the Way? Ali Martinez identified a fresh buy signal on the meme coin’s TD Sequential indicator and noted that the metric has been extremely accurate at anticipating trend shifts in the past. For instance, buy signals at the start of August and mid-September were followed by major price increases of 77.6% and 66.9%, respectively. At the same time, a sell signal less than a month ago preceded a 31.5% pullback. “Now, the TD Sequential has flashed a new buy signal on the daily chart, suggesting another upswing could be starting,” he added. Martinez noted that the timing of a potential resurgence is interesting from a fundamental perspective, adding that PENGU is now available to buy, sell, and hold on SoFi, gi...