PENGU's Short-Term Momentum: On-Chain Accumulation and Institutional Buying Signal $0.07 Potential

The Pudgy Penguins (PENGU) token is poised for a potential breakout, driven by a confluence of on-chain accumulation patterns and institutional buying signals that align with a $0.07 price target. Recent data reveals a surge in whale activity, exchange outflows, and technical indicators that collectively suggest a bullish setup for the token.

On-Chain Accumulation: Whale Activity and Exchange Outflows

PENGU's on-chain metrics in October 2025 paint a picture of growing institutional and high-net-worth participation. Whale transactions have spiked, with large holders accumulating significant volumes of tokens. For instance, holders accumulated approximately 2.8 million PENGU tokens in just nine days, signaling strong conviction, according to a Coinotag report. Exchange outflows of $863K on October 21 further reduced sell pressure, reflecting confidence in PENGU's price recovery, according to an AmbCrypto article. These patterns mirror historical accumulation phases that preceded 40–60% rallies in similar memecoins, as Coinotag notes.

The TD Sequential buy signal has been validated, confirming buyer control above $0.021 levels, Coinotag reports. A cup-and-handle formation on the weekly chart suggests a potential breakout above $0.0218, with Fibonacci extensions targeting $0.0305 (1.618) and $0.0447 (2.618), according to Coinotag. Crucially, the 200-day exponential moving average (EMA) remains a key support line, with past rebounds from this level triggering significant rallies, according to a CryptoNewsLand analysis.

Institutional Buying: Catalysts Beyond Partnerships

Institutional interest in PENGU is not limited to on-chain activity. Technical indicators such as the MACD positive crossover and elevated Stochastic RSI readings highlight persistent buying pressure, according to a Brave New Coin analysis. Additionally, PENGU's growing visibility in traditional finance-such as mentions in reports from Bullish (BLSH) on the New York Stock Exchange-has attracted institutional investors. Strategic partnerships, including Igloo Inc.'s collaboration to introduce PENGU to U.S. policymakers, have further bolstered its legitimacy and institutional appeal, Brave New Coin notes.

Extended Fibonacci projections for Q3 2025 suggest a $0.07 target, with PENGU currently consolidating around $0.0315. Analysts highlight potential resistance levels at $0.04 and $0.05, with the $0.07 target becoming increasingly plausible if the token maintains support above $0.021, according to an XT blog post.

Technical and Market Structure Validation

PENGU's technical resilience is underscored by its ability to hold key support levels. The 0.382 Fibonacci retracement level at $0.027000–$0.030000 has acted as a critical floor, with analysts emphasizing that maintaining support above $0.021 is vital for the bullish trajectory, Brave New Coin says. Meanwhile, the token's market structure suggests a continuation toward $0.030, with potential projections reaching $0.035–$0.038, according to Brave New Coin.

Extended Fibonacci analysis from recent quarters aligns with the $0.07 target, particularly as PENGU's price structure shows resilience amid broader market volatility, according to a Brave New Coin projection. While bearish scenarios project a decline to $0.0159 by November 2025, per a CoinCodex prediction, the current accumulation patterns and institutional signals tilt the odds in favor of a bullish breakout.

Conclusion

PENGU's short-term momentum is underpinned by a robust combination of on-chain accumulation, institutional buying, and technical catalysts. Whale activity, exchange outflows, and Fibonacci projections all point to a potential surge toward $0.07, provided the token sustains its current support levels. For investors, the confluence of these factors presents a compelling case to monitor PENGU's next move, particularly as institutional adoption in the broader crypto market continues to accelerate, as Coinotag, Brave New Coin, and XT have observed.