PENGU Price Explodes 20% in a Day as NFT Frenzy Re-Ignites!

Pudgy Penguins Break Out of the Triangle, Soaring to New Heights

Hold onto your flippers, folks! PENGU price just rocketed over 20% in the last 24 hours, fueled by a wild surge in its NFT collection and the entire NFT market going bonkers. This penguin ain't just waddling anymore—it's flying!

Pudgy Penguins (PENGU) broke out of a symmetrical triangle pattern like a boss. That triangle had been holding PENGU's price action hostage since mid-July, but today's breakout sent it soaring to a peak of $0.379. Talk about breaking free from the ice!

This ain't the first time PENGU's gone parabolic. Remember that epic rally that kicked off after busting out of a falling wedge pattern in late June? That move marked the end of a long, cold downtrend and the start of something big.

Now, PENGU's price is at multi-month highs, reclaiming territory it hasn't seen since mid-January. And get this—today's explosive breakout smashed right through the measured move target from the triangle ($0.0379). But hold up, with the RSI deep in overbought territory (above 81 on the daily), we might be in for a short-term breather. Don't get too excited just yet!

Looking ahead, PENGU might pull back to the $0.031–$0.032 region to catch its breath before launching another leg higher. That zone marks the previous breakout area from the symmetrical triangle and lines up with short-term support, making it the perfect spot to chill out while the RSI cools off from being overbought.

NFT Market Goes Nuts, Pudgy Penguins Lead the Charge

PENGU's breakout is happening alongside a crazy surge in its parent NFT collection. In the last 24 hours, the Pudgy Penguins NFT floor price jumped over 16% to 16.75 ETH (about $63,500). That's right, these penguins are now the second-largest NFT collection by market cap, only trailing behind CryptoPunks. Who said penguins can't fly?

This rally is part of a broader NFT market sweep. The entire NFT market cap just skyrocketed 17% in a day, jumping from $5.1 billion to over $6 billion. And daily trading volume? It's up almost 370%, hitting $45 million. That's a massive turnaround from the sluggish volumes we saw just a few months ago. It's like the NFT market took a shot of adrenaline!

The NFT market cap just went from $5.1B to $6.0B in a single day. That's a 17% pump! So, what NFTs are you holding? Let's see those wallets!