Pengu Clash Is Live: Why Has PENGU Price Dipped 8%?

Bollinger Bands show that the price is hugging the lower band, suggesting sustained downward pressure. If current support at $0.0088 fails, traders could see the next key support around $0.0082.

Meanwhile, the MACD has crossed bearishly below the signal line with widening red histograms, suggesting ongoing bearish momentum.

PENGU price chart with MACD | Source: Trading View

Bitcoin Hyper Gains Traction as PEPE Slumps

While PENGU navigates selling pressure, Bitcoin Hyper (HYPER), a unique Layer 2 solution for Bitcoin, is making waves with over $1.38 million raised in its ongoing presale.

The project aims to address Bitcoins well-known issues, such as slow transaction speeds, high fees, and limited flexibility for smart contracts. Bitcoin Hyper introduces a high-speed Layer 2 network that drastically improves scalability.

Transactions are executed on a purpose-built virtual machine for performance, then finalized on the Bitcoin main chain for security. This approach allows the network to combine speed and affordability without compromising Bitcoins core strengths.

HYPER Presale and Token Details

Unlike many other Layer-2 tokens that serve mainly for governance or airdrops, HYPER plays a more active role in the Bitcoin Hyper ecosystem. It is used for transaction fees, staking, and accessing various features within the network.

Notably, HYPER tokens are currently available at $0.011925 during the crypto presale phase.

Ticker: HYPER

Current Price: $0.011925

Funds Raised: $1.38 million

The Bitcoin Hyper team is set to increase the tokens presale value in less than 4 hours. Interested investors can visit the official website to secure tokens before the price surges.

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Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.