The Pudgy Penguins price dropped 3% in the last 24 hours

The Pudgy Penguins price dropped 3% in the last 24 hours to trade at $0.01367 as of 3:15 a.m. EST on trading volume that soared 138% to $599.95 million.

The price of Pudgy Penguins is known for its rapid shifts, and today was no different as the token experienced a 3% decrease in the last 24 hours, ultimately closing at $0.01367 by 3:15 a.m. EST. This price change occurred alongside a 138% increase in trading volume, which reached $599.95 million.

Despite the recent correction, the meme coin token remains in the number 1 spot on CoinMarketCap’s trending list.

Pudgy Penguins Price Prediction

The price of PENGU has been exhibiting minimal fluctuations over the past week, and its Bollinger Bands have maintained a consistent width. However, a substantial surge in the token’s price yesterday led to a massive widening of the bands.

Following the surge, the price of PENGU has since adjusted, returning to its pre-surge levels, and the Bollinger Bands are now beginning to narrow, gradually returning to their previous state. This narrowing trend might be viewed as a bearish signal by some traders.

(Chart: TradingView)

Prior to the surge, the Relative Strength Index (RSI) of PENGU was seen oscillating between the values of 40 and 60. Nevertheless, this changed drastically yesterday as the popular metric experienced a sharp increase, quickly moving into the overbought zone and ultimately reaching 80 at the same time as the price reached its peak.

After that, traders took profit, overselling the token, which caused the price to plummet, while the RSI itself returned to the oversold zone. Since then, it pumped again, reaching the value of 50 as traders bought the dip, but then the sale continued, pushing it down again.

The performance of the RSI indicates that traders were willing to overbuy the token and push the RSI to extreme levels in the overbought territory. However, the sell-off culminated when the RSI hit 30, which might suggest that traders are not overly bearish on the token, and we could see the price bounce back up.

Promising Alternative To Pudgy Penguins

As the price of Pudgy Penguins tries to stabilize, traders might be interested in BTC Bull Token (BTCBULL) as the most promising alternative right now.

This is a meme coin that calls itself Bitcoin’s official meme coin, and its goal is to help push the price of Bitcoin as far as possible. To encourage investments into BTC, the project has set up a series of milestones for Bitcoin’s value, such as $150k, $200k, $250k, and more, up to $1 million.

When Bitcoin rises, so do your airdrop rewards. 🏹⭐pic.twitter.com/9aITqaMOaG

— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 9, 2025

Whenever BTC surges enough to hit one of these milestones, BTCBULL token holders will receive free BTC via airdrops. That means that investing in a cheap meme coin now could allow investors to get free BTC once the largest cryptocurrency sees its next big bull run.

That is what made many buy BTCBULL, and so far, its presale has raised over $5.78 million, while the tokens are sold for $0.002515 apiece. With the price of Bitcoin recently rising above the $100k mark, crypto YouTuber ClayBro, who has over 136k subscribers, sees BTCBULL as a great opportunity.

Interested investors will want to buy before a presale price hike in less than 3 days.

Visit the BTC Bull Token website.

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