Pengu Price strikes a new ATH after 6 months, despite the investor’s exit star-news.press/wp

PUDGY PENGUINS (PENGU) has recently reached the highest new level (ATH) of $ 0.046, which represents a six -month milestone for the Mimi coin.

However, even as the record rises, Altcoin faces a challenge from investors who seem to be coming out, albeit gradually. This can lead to a decrease in the price of the penguin.

You notice the penguins

The increasing demand for the penguin was reflected in the derivative market. The open interest, which combines long and short contracts, increased by 54 % in just 48 hours, jumped from $ 426 million to $ 657 million. This indicates that the majority of market participants are optimistic, as the financing rate is still largely positive, indicating a stronger preference for long contracts.

This increase in investor optimism in open interest despite the wider market disturbance. The increase in contract sizes reflects that the Penguin Prices Rally depends on immediate market deals and also on great influence.

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Over the past few days, changing the penguin holder has been a mixture of new investors who enter the market and some of the bearers present. This mixed feeling shows that there is no clear consensus among investors. While some people are confident of Pengu’s capabilities, others remain cautious, not sure about the sustainability of recent gains.

There is no clear investor pattern that doubts are still widespread. Nevertheless, new bearers enter indicate that there is still a strong belief in the future of the penguin, driven by ALTCOIN price and the wider market conditions. However, the simultaneous exit of investors can create a fundamental challenge to maintain the upward trend.

The price of the penguin can continue to rise

Pengu is currently trading at $ 0.044, after setting a new ATH of $ 0.046 earlier today. Altcoin has increased nearly 20 % in the past 24 hours, indicating short -term gains. This basic procedure led Pengu to its highest level for six months, highlighting the recent upscale feelings surrounding the MG currency.

To continue its upward momentum, PenGU needs to secure strong investors’ support. If Altcoin is able to keep this purchase pressure, it is possible that you exceed ATH $ 0.046 and aims to a new rise, and may reach $ 0.052 or higher. The main factor of continuous growth will be the trust of the market.

On the other hand, if the increased uncertainty and the investor exit turned into a more important direction, the Pengu price may have a sharp decrease. A possible decrease lower than the level of support of $ 0.040 can lead to a decrease to $ 0.029, indicating a complete reflection of the last upward trend and the abolition of optimistic expectations.