PENGU is about to enter an area of great technical interest, as the chart is forming the start of a double three-day inside bar. This indicates that there is intense price compression, and the volatility is just getting tighter and tighter, with both the buyers and sellers waiting to see what happens next.
Source: X
Market attention is now focused on the downside wicks. A small pullback below the current lows, followed by a quick recovery back into the range, would represent a false breakdown. This usually catches the last shorts with a stop loss in that area, providing a trigger point for a possible upside move back towards previous highs around $0.138.
Also Read: SEC Delays PENGU and T. Rowe Crypto ETFs, Grayscale Seeks Options Approval in 2026
PENGU Accumulation Ends as Bullish Structure Emerges
Moreover, another crypto analyst, Crypto King, pointed out that PENGU is about to enter a new market phase after the completion of the accumulation phase. This is usually the case before the price starts to rise. Looking at the price movements, there is evidence that the selling pressures have been fully absorbed, and this has enabled the formation of the current base. This consolidation reflects improving sentiment and positions PENGU for a potential upside continuation.
Source: X
Technically, PENGU has managed to break above the descending trend line that it had been following for quite some time, thereby confirming that the previous trend had indeed come to an end. As long as the momentum continues to build, the key levels to watch would be $0.016, $0.025, and $0.035.
PENGU Momentum Showing Early Strength
There has been some indication that the Pudgy Penguins (PENG) have started to show positive momentum, with the market’s closing price at $0.01253, a jump of 6.37%. The RSI has also moved above the 50-level, with a reading of 60.57, which shows that the market is experiencing a positive momentum after a phase of consolidation.
Source: TradingView
The MACD indicator also supports this positive analysis because the MACD line is above the signal line. This is an indication that there could be continued upward movement. Additionally, it is clear that there is an expansion of positive bars in the histogram. This is an indication that there is increased positive momentum. Technical analysis seems to indicate that PENG could continue to exhibit strength if buyers continue to exert pressure above the current levels.
Also Read: PENGU Price Analysis: Can a $0.013 Breakout Trigger a Rally Toward $0.020?
