PENGU Price Sees Surge with Speculations of Pudgy Penguins and Pokémon Collab

Speculation about a potential collaboration between Pudgy Penguins and Pokémon has sparked considerable excitement, driving PENGU's price up by more than 14% in the last 24 hours and lifting its market cap to $2.57 billion, although it has since stabilised.

This surge adds fuel to the ongoing uptrend, positioning PENGU as a notable player in the meme coin sector.

With technical indicators signalling solid support, the coin may soon challenge key resistance levels and potentially reach new price milestones.

The question now is: will the collaboration rumors materialise into a game-changing partnership?

Rumours of PENGU Potential Collaboration With Pokémon

A post on X (formerly known as Twitter) by Pudgy Penguin holder @broskisol has sparked considerable buzz within the PENGU community, fuelling speculation about a potential collaboration between Pudgy Penguins and Pokémon.

If true, this partnership could propel the project to new heights, significantly boosting its profile and market value.

The possibility of aligning with one of the world's most iconic entertainment franchises has ignited the imaginations of holders, many of whom foresee a surge in demand and a potential increase in the coin's price.

Should the collaboration materialise, PENGU might even reach $0.10 or more, marking a major milestone in the meme coin market.

However, until the rumours are officially confirmed, the current excitement remains speculative.

Will PENGU Uptrend Remain Strong or Reverse?

If the current uptrend continues, PENGU's price may soon test the key resistance at $0.043.

A successful breakout above this level could open the door to further gains, with the next target at $0.05—a milestone the coin has yet to reach, potentially positioning it as one of the top meme coins on the Solana network.

However, if the uptrend falters, PENGU could experience significant declines.

The nearest strong support is at $0.029, and a failure to maintain this level could trigger further losses, potentially pushing the price down to $0.025.

Currently, PENGU is priced at $0.04161, reflecting a 3% increase in the last 24 hours and a 29.06% increase over the past week, according to CoinMarketCap.

While speculation around a potential collaboration between Pudgy Penguins and Pokémon continues to fuel excitement, the lack of official confirmation leaves the future uncertain.

Should the rumors be debunked, PENGU's price could take a hit.

Alternatively, the absence of an official statement may also work in the coin's favour, keeping the community's optimism intact.