Key Insights:
- •Daily chart forms bullish flag—breakout above $0.032 could drive price toward the $0.10 mark.
- •4‑hour death cross confirmed, MACD red, and RSI near 36—short‑term trend remains bearish.
- •Key support sits at $0.026–$0.027; traders watching for bounce or further downside continuation.
The price of PENGU, the token linked to Pudgy Penguins, was trading at $0.02799 with a 24‑hour volume of $470.6 million. The token is down nearly 7 % on the day and over 10 % this week. Market participants are split between short‑term weakness and a longer‑term bullish setup.
Daily Chart Hints at Breakout Setup
The daily structure shows a repeated pattern of downward channels followed by strong upward moves. These "bullish flag" patterns are often linked to trending markets. As noted by Ali Martinez PENGU is now near the top of its current consolidation zone.
He said,
“$PENGU seems to be forming a series of bullish flags. A breakout here could ignite a rally to $0.10!”
The token is hovering near $0.032 on the daily timeframe, and a breakout above this level may point to a continuation of the earlier move. So far, the chart continues to follow the same pattern seen in previous runs.
4‑Hour Chart Shows Pressure Building
The shorter timeframe tells a different story. As shared by Ai4Alpha, the 4‑hour chart shows growing bearish pressure. A death cross between the 7‑period and 25‑period moving averages has appeared, with price sliding toward support.
MACD is negative, showing no signs of reversal. “Price heading to key support $0.026–$0.027. Potential bounce play there, but high risk,” Ai4Alpha warned. RSI is currently at 36.64—low, but not yet in a confirmed reversal zone. Volume spiked on the drop, which could signal sellers gaining control.
Key Levels in Focus
Support is set between $0.026 and $0.027. If this zone holds, it may offer a temporary floor. On the upside, $0.032 remains the next resistance. A move above that level could open a clearer path toward $0.10.
If price stays below resistance and volume remains low, the move could stall. On the other hand, any strong push above $0.032 with momentum would support a bullish continuation.
Mixed Signals Keep Traders Cautious
Momentum on the daily chart favors buyers, but the lower timeframe trends remain weak. Traders are watching for a clean break in either direction. Without confirmation, the setup remains undecided.
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