- Pudgy Penguins (PENGU) gained over 21% daily, confirming a sharp bullish momentum reversal.
- A 22.62% weekly rise highlights growing investor confidence and sustained market participation strength.
- A breakout above $0.0110 suggests a bullish continuation, with technical targets forming at higher resistance levels.
- Momentum tools favor the $0.0128–$0.0135 range as realistic targets amid increasing buyer pressure and volume.
As of now, Pudgy Penguins (PENGU) is valued at $0.01143, supported by a strong 24-hour trading volume of $311.53 million and a total market capitalization of $718.89 million.
The price action has reversed sharply from the previous bearish conditions, rising 21.41% daily and 22.62% over the past week.
A renewed wave of demand has propelled the price beyond previous resistance levels, indicating that market sentiment is shifting decisively in favor of the bulls.
After dropping toward the $0.0080 support range, the token formed a strong reversal base and rallied with increasing volume.
Consolidation from $0.0095 through $0.0100 was a sign of transitory indecision before the break to the positive. Green candlesticks with rising volume broke through $0.0110, confirming bullish continuation.
Also Read: PENGU Price Forms Bullish Triangle, Breakout Toward $0.022 Possible
PENGU Upside Targets Set at $0.0128 and $0.0135
The token 4-hour chart confirms a technical breakout, with the price touching $0.0115193, a 5.57% gain from earlier levels. This rally cleared all major moving averages (20, 50, 100, and 200 SMA), turning them into new support levels.
The ascending 9-period SMA at $0.0101 reinforces the prevailing upward bias. A falling trendline was also broken, ending a period of consolidation and triggering a fresh rally. Momentum indicators are bullish. The RSI is at 79.27, deeply in overbought conditions, indicating strong buyer dominance.
Also, the MACD records a bullish crossover with increasing histogram bars, confirming the argument for the upside even further. If the momentum holds, the price will test $0.0128 shortly, with a long extension towards $0.0135 likely soon.
PENGU Support Zones for Potential Retracement
While the long-term trend is upward, extreme RSI readings are a sign of the potential for near-term cooling. Successive pullbacks would first be greeted with support at $0.01085 and even stronger support at $0.01013.
These are important levels for maintaining a bullish setup. As long as these levels hold, Pudgy Penguins is structurally ready for further upside, all things being equal, and trading volumes are strong and momentum indicators are positive.
Pudgy Penguins surges over 21%, breaks key resistance, and targets $0.0128–$0.0135 amid rising volume and strong bullish momentum.
Also Read: PENGU Eyes Explosive Breakout: Analysts Cite ETF Buzz and Technical Indicators