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The Pudgy Penguins price plummeted over 23% in the last 24 hours to trade at $0.02406 as of 6:13 a.m. EST as investors dump their holdings in the recently-launched crypto. Despite the recent pullback, the PENGU price is still up more than 380% since its launch earlier this week. Pudgy Penguins Price Loses A Key Support 1-hour chart for PENGU/USD (Source: GeckoTerminal) The Pudgy Penguins price dropped below the support level at $0.02590 in the last couple of hours and seems to have formed a new support at around $0.02199. Should the meme coin fall below this new technical safety net, it could stand the risk of dropping even further in the coming 24 hours. However, a bounce from the $0.02199 support might lead to the Pudgy Penguins price reclaiming a position above the $0.02590 mark in the short term. Thereafter, traders might go long on the crypto, which could push PENGU above the next major barrier at $0.03451. In an extremely bullish case, the Pudgy Penguins price might soar ...