PENGU Bounces as Technical Signals Point to $0.052 Target

PENGU, the token associated with Pudgy Penguins, has shown emerging signs of a potential rebound, despite a recent 15.46% decline over the past week and a 7% drop in the last 24 hours. According to crypto analyst Ali Martinez, technical indicators on the 1-hour chart suggest a possible reversal. These include a TD Sequential buy signal and a bullish divergence on the RSI, alongside a firm trendline support and PENGU trading near the lower boundary of a price channel. The analyst emphasized that these signals collectively indicate a high probability of a short-term price lift-off [1].

Currently trading at $0.03669 with a market cap of $2.3 billion, PENGU has seen increased interest, evidenced by a 24-hour trading volume of over $817 million and more than 22.3 billion tokens traded. This heightened activity, even amid a pullback, signals growing attention from both retail and institutional investors. A clean bull flag formation near $0.044 has also been identified, with a potential target of $0.052 should the consolidation level be broken with sufficient volume [2].

Technical analysts have highlighted key support levels holding firm around $0.036 and projected short-term movement toward $0.0412 as a critical threshold. If bulls manage to push the price above this level, a rally toward $0.045 and beyond is likely. Fractal patterns and RSI readings have also turned positive, reinforcing the potential for an upward move toward $0.060–$0.070, assuming momentum and volume remain consistent [3].

In a broader market context, PENGU has outperformed many major meme coins, particularly in the Korean market where it has surpassed DOGE in trading volume on Upbit. The token recorded a 24-hour trading volume of $96.7 million, drawing comparisons to the historical rallies of SHIB and DOGE. This surge has led some to speculate that PENGU could be at the start of a more sustained bull phase driven by strong narrative momentum and high-volume participation [4].

Further analysis suggests that PENGU is approaching a key Fibonacci extension level near $0.1277 based on a clean Elliott Wave progression. A breakout above current resistance near $0.052 and $0.075 could accelerate the move toward $0.15, especially if bullish sentiment is sustained. Some analysts have outlined more ambitious price targets, estimating that PENGU could reach $0.125–$0.145 if it matches SHIB’s current market cap, or potentially rise to $1.20–$1.50 under an extreme scenario where it surpasses DOGE’s all-time high [5].

However, these projections remain speculative and depend heavily on continued narrative strength and volume support. A retest of the $0.0355 support level would need to hold cleanly for the bullish case to remain intact. Any correction could serve as a buying opportunity for long-term holders, but further confirmation is needed before higher targets can be realistically considered.

Overall, the technical landscape for PENGU is showing a clear alignment of bullish indicators. While the $0.10 milestone remains a long-term target, the near-term focus is on confirming the strength of the current rally and maintaining volume support to drive the asset toward its next key levels [6].

Source: [1] Pengu Price Prediction: Rebound Likely as Technical Indicators Align, [https://coinmarketcap.com/community/articles/688a2686c4e32d555c37fa5a/](https://coinmarketcap.com/community/articles/688a2686c4e32d555c37fa5a/)

[2] PENGU Bull Flag Points to $0.052 Target in Next Leg, [https://bravenewcoin.com/insights/pudgy-penguins-pengu-price-prediction-market-structure-volume-and-shib-parallels-point-to-major-upside](https://bravenewcoin.com/insights/pudgy-penguins-pengu-price-prediction-market-structure-volume-and-shib-parallels-point-to-major-upside)

[3] Massive Move Incoming? PENGU Charts Flash Green, [https://cryptopotato.com/massive-move-incoming-pengu-charts-flash-green/](https://cryptopotato.com/massive-move-incoming-pengu-charts-flash-green/)