Pudgy Penguins (PENGU) Poised for Rebound as Key Support Holds

• Pudgy Penguins (PENGU) eyes critical $0.01 support, a level it has rebounded from consistently in past trends.
• Analysts suggest that if support holds, PENGU could surge toward previous highs, offering 4-5x gains.
• Strong community backing and brand identity give Pudgy Penguins potential for a notable rebound.

Pudgy Penguins (PENGU) appears to be trending towards rebounding after reaching an important support level. It has been indicated that the Pudgy Penguins token could reclaim its strengths and head towards the former peak points in case the current level is sustained.

At the time of writing, PENGU is trading at $0.01105, with a 24-hour trading volume of $171.27 million and a market capitalisation of $699.75 million. The token has dropped 4.79% over the last 24 hours, but analysts suggest it could be preparing for a rebound