Pudgy Penguins Token Gains 103% as Technical Analysis Highlights Bullish Breakout Amid Key Resistance Levels

The Pudgy Penguins (PENGU) token is currently trading near $0.04280 on July 27, having rebounded from a key mid-range demand zone. Technical analysis suggests mixed signals: while price action remains within an ascending parallel channel on the 1-hour chart, netflow data indicates cautious sentiment, with a reported -$3.84M outflow as of July 26 [1]. Despite this, momentum indicators and price structure hint at potential short-term continuation if the $0.04350 resistance level is convincingly breached.

On higher timeframes, PENGU has broken out of its long-term accumulation range ($0.006–$0.021), forming higher highs and higher lows, a textbook bullish trend. The daily directional movement index (DMI) reinforces this, with the +DI at 61.5 and -DI weakening, while the Money Flow Index (MFI) stands at 78.59, signaling strong capital inflow but nearing overbought territory [1]. The 4-hour chart shows further bullish alignment, with the EMA cluster (20, 50, 100, 200) fully supportive below the current price, and the 20 EMA acting as a critical intraday support at $0.03966 [1].

Key resistance and support levels are closely watched. The $0.04500–$0.04750 zone represents the upper channel edge and a prior liquidity rejection level. A clean close above $0.04500 could target $0.050, according to Smart Money Concepts analysis, which highlights reclaimed BOS (Break of Structure) levels [1]. Conversely, a breakdown below $0.04080 may trigger a retest of $0.03850, with further declines risking a test of the $0.035 area [1].

Short-term dynamics remain tied to the $0.04350–$0.04500 region. A decisive breakout could accelerate volatility, while failure to hold this area may lead to consolidation or a bearish reversal. The 30-minute RSI at 68.36 and expanding Bollinger Bands on the 4-hour chart suggest a pending volatility event, though caution persists due to the recent net outflow [1].

Analysts emphasize that the EMA support, DMI strength, and Smart Money BOS structure make this price range pivotal for near-term direction. Traders are advised to monitor these levels closely, as outcomes here will likely dictate whether PENGU continues its uptrend or faces renewed selling pressure.

- $0.04289

- $0.04500 (upper Bollinger Band, weak high)

- $0.04750 (top channel test)

- $0.04080 (VWAP, consolidation)

- $0.03850 (prior BOS, wedge base)

- 68.36 (bullish, near overbought)

- 78.59 (elevated inflow)

- +DI 61.5, -DI weak (bullish)

- Expanding, volatility setup

- Fully bullish below price

- Short-term support

- Active at $0.04500

Source: [1] [Pudgy Penguins (PENGU) Price Prediction for July 27] [https://coinedition.com/pudgy-penguins-pengu-price-prediction-for-july-27/]