Peng Price Prediction: New Solana Meme Coin PENG Pumps 96% As Analysts Ask If it’s the Next WIF Or SMOG

The Peng worth jumped 96% within the final 24 hours to trade at $0.8961 as of 03:12 a.m. EST on buying and selling quantity that surged to $13.95 million.

Analysts like YouTuber Crypto Dose are predicting a 100X surge because the token goals to emulate the success of different Solana-based meme cash like WIF and SMOG, which have amassed large market caps after parabolic worth surges.

Peng Value Bulls To Maintain The Bullish Stance

The Peng worth has seen a dramatic rise within the final seven days, registering new highs daily. PENG bulls appear to have taken whole management, driving the worth solely up by means of the confines of a rising channel.

PENG is buying and selling above the 50-day Easy Transferring Common (SMA), which confirms the bullish sentiments of the PENG worth.

Moreover, the Relative Energy Index (RSI) is at the moment at 66, close to the 70-overbought area. If the bullish momentum is sustained, the RSI may soar by means of the overbought area, a sign of intense shopping for strain and continued investor optimism.

Furthermore, the Transferring Common Convergence Divergence (MACD) additionally helps the bullish sentiment, because the transferring common line (blue) crosses over the sign line (orange), which represents a bullish crossover. Traders usually use a bullish crossover as an encouragement so as to add to their buys.

The inexperienced bars on the histogram prolong above the impartial line, which exhibits that the worth is transferring with constructive momentum. The motion of the Common Directional Index (ADX), which is at the moment at 64, displaying that the worth is at the moment on a really sturdy bullish development, helps this bullish momentum.

Peng Value Prediction

The Peng worth evaluation exhibits a sustained bullish development to the upside because the bulls intention to soar the worth, surpassing the higher boundary of the rising channel. Moreover, the MACD and the ADX supply some bullish prospects for buyers who’re prepared so as to add their positions, with the goal set on the subsequent resistance degree of $1.2.

Nevertheless, if the bears take cost of the worth at this degree, the worth could undergo a retrace again to the assist zone at $0.5664, which coincides with the 50-day SMA.

In the meantime, because the PENG worth continues to soar, buyers are additionally shopping for $SMOG, a Solana-based meme coin that analysts say has the potential to surge 1000X. It additionally guarantees buyers the best airdrop in historical past.

Smog Pumps 643% In A Month – Finest Meme Coin To Purchase Now?

Smog is a brand new meme coin constructed on the Solana blockchain. It goals to surpass fashionable meme tokens like Bonk, WIF, and PEPE, an ambition mirrored in its slogan, ”One Memecoin to rule all of them!”. 

The airdrop, which has already began, guarantees to be larger than Jupiter’s $700 million monster giveaway. Smog has allotted 35% of the whole token provide to airdrop rewards.

I obtained $SMOG airdrop on $SOL price $5……..did you obtain it too?

Properly I bought it on $JUP and the transaction went easy after which I purchased it again once more with a bigger amount of cash 🙂

How $SMOG has managed to go underneath the radar over the previous one month baffles me 🤔 pic.twitter.com/lkGO7p1a03

— Takes Crypt | ReformDAO (@Takes_ReformDAO) March 8, 2024

The challenge focuses on neighborhood engagement, rewarding customers for his or her participation in social media interactions, quests, and on-chain actions, together with buying, holding, and staking the $SMOG token. 

With over 95,000 holders and greater than 39,000 members on X, its recognition and attractiveness to buyers are rising every day.

Rumors Counsel Bonk’s Founders Are Behind Smog, 1000X Features

Rumors counsel that the staff behind the profitable tasks, Bonk and WIF, additionally personal this challenge. 

If these rumors are true, it means the challenge is supported by people with a confirmed observe file of success, possessing the “profitable DNA” essential to drive Smog’s market cap past the $1 billion mark.

This means important progress potential from its present market cap of about $200 million.

Following a retracement, Smog is now surging to reclaim its all-time excessive, making it an opportune second to spend money on the challenge. 

Crypto analyst and YouTuber Jacob Bury predicts that Smog can doubtlessly see a further 1000x enhance in worth.

The most effective place to purchase Smog tokens is on its official website here, the place there’s a 10% low cost to the market worth. You too can stake $SMOG tokens to earn a 42% annual share yield (APY).

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