Peng Price Prediction: New Solana Token PENG Pumps 65% As This Other New AI Meme Coin ICO Goes Parabolic – Next Pepe Coin?

General

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The Peng price soared 65% in the past 24 hours to trade for $0.5637 as of 06:41 EST time on trading volume that surged 30%.

The PENG token is making headway as the latest Solana-based meme coin challenger, following in the footsteps of stars including Bonk (BONK), Dogwifhat (WIF), and Smog (SMOG)

PENG is trending after listing on exchanges including MEXC, Poloniex, Bitget, Bybit, and OKX and now has a market capitalization of $55 million. Reports also indicate an upcoming listing on LBank.

The token is also trending on CoinMarketCap alongside Floki Inu (FLOKI) and Pepe (PEPE).

PENG listed on OKX Swap and within 48 hours of launch did a lot of crazy stuff to push the project.

The Peng Price Outlook Amid PENG Listing Frenzy

The Peng price remains above the ascending trendline and the upper range of the Fibonacci retracement indicator.  If buying pressure increases, the Peng price could reclaim the March 10 peak of $0.6500.

Multiple technical indicators support the bullish thesis, starting with the Relative Strength Index (RSI). The fact that it is ascending shows momentum is rising, meaning buying pressure is increasing. Moreover, the RSI position at 68 suggests there is more room to the north before PENG is considered overbought at 70.

In addition, the histogram bars of the Awesome Oscillator (AO) are flashing green, a sign of strong bullish presence. Furthermore, the volume indicator is showing green bars, pointing to a strong bullish trend.

Peng

TradingView: PENG/USDT 2-hour chart

On the other hand, if the bears have their way, the Peng price could descend below the ascending trendline. However, for the bullish thesis to be invalidated, the PENG holders must wait for a candlestick slip below the 50% Fibonacci placeholder at $0.4001, and extend and close below the $0.3000 psychological level. This is because it would signify a lower low.

While the Peng price continues to rake in massive profits for its holders, consider Scotty AI, a new presale that has hit the ball out of the park. It’s now raised $9.3 million, most of it in the past week alone after the ICO went ballistic. Some analysts even ask if it is the next Pepe coin.

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Promising Alternative To Peng

Scotty the AI is metaphorically a guardian of digital realms, but also boasts unmatched insight into the inner workings of blockchain technology. This comes as it stays current on AI, blockchain, and cryptocurrency advancements with its advanced AI system.

Scotty analyzes complex algorithms and code with ease. It spots patterns and anomalies that even the most skilled human programmers would miss.

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With the presale tokens selling like hot cakes, investors believe the AI crypto is about to break into the mainstream alongside titans like Dogecoin (DOGE) and Shiba Inu (SHIB).

The project’s staking function offers a yield of 30% annually with rewards distributed to users at a rate of 82.5 $SCOTTY per ETH block. Rewards will be payable over three years.

Scotty

More than 438 million SCOTTY tokens are already staked.

The project’s presale has already sold out, and is due to launch in less than five days. That means now is the last chance to buy SCOTTY at the launch price of $0.01 per token after the development team offered one last chance to buy the token.

You can buying Scotty using Ethereum (ETH), Tether (USDT), or bank cards.

Visit and buy Scotty the AI here.

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