Can PENGU Reclaim $0.0062 After 44% Drop?

• Pudgy Penguin Code decreases by 44 % as NFT sales decrease by 72 % in 30 days.
• Trading activity is still strong despite the low prices and the low maximum market.
• RSI and MACD indicators indicate a possible recovery in the short term for $ Pengu.

Pudgy ($ Pengu) symbol witnessed a correction of the price this week as an interest in its associated NFT group continues. The distinctive symbol decreased to $ 0.0064, which represents its lowest price since March 24 and a 13.5 % decrease from the highest level of the week.

Since reaching the highest level ever, the penguin has now decreased more than 44 %. This contraction coincided with a noticeable decrease in Penguins NFT sales, which led to pressure on both the distinctive symbol and the momentum of the general project.

The sales volume decreases by 72 % in 30 days

According to Cryptoslam data, Pudgy Penguins NFT has decreased by 72 % over the past thirty days, as it has decreased to $ 8.15 million. This legitimate decline was transferred to the tenth place in the NFT group classifications according to the sales volume, which is a significant decrease from the previous center.

NFT transactions rates have fallen out of complete stopping with noticeable declines in all leading projects. During the same time frame, Ape Yacht Club made $ 3.26 billion in sales for life, yet he recorded only $ 6 million during this period.

Despite the short -term decline, Pudgy Penguins are still among the top performance groups in general, with cumulative NFT sales of $ 615 million in approximately 65,000 transactions.

The symbolic activity is still high despite the poor prices

The current market value is $ 0.005923, which decreased by 0.42 % during the past day. In addition, the trading volume of $ Pengu decreased by 8.13 % to 41.25 million dollars, while the market value is 372.36 million dollars.

The value of symbolic supply is 88.88 billion, while it reaches 62.86 billion. Recent trading data shows the continuous market participation through the value ratio to the size level 11.07 % during a 24 -hour study period.

The price scheme shows a remarkable volatility between late March 29 and early 30 March. After reaching the lowest level in the market, I started to recover at about 4:00 am, which prompted the price near $ 0.0061 by mid -morning. It has since remained about $ 0.0059, indicating the short -term recovery signs.

Indicators indicate a possible recovery

Technical indicators indicate a reflection of the next direction. The value of the 39.44 relative power index indicates that there is momentum in the upward market as it rose above the excessive level of sale during approaching the neutral level of 50. The average indicators of the RSI conference RSI are 35.48, indicating that the initial purchase signals are required to appear in the market.

The MACD index also shows a possible reflection of the direction. MACD line, at -0000254, moves towards the signal line on -0000229. Weighting tapes narrowing the weaker momentum signal. The price reflection can gain credibility when the indicator crosses over the signal line. The support level reaches $ 0.0055, as expectations indicate that the resistance will build $ 0.0062.