TLDR
- TD Sequential indicator flashed a buy signal on PENGU’s daily chart after a nine-count downtrend
- Morning Star candlestick pattern formed at $0.028-$0.030 support zone targeting $0.048
- PENGU gained 9.77% in 24 hours, outperforming major memecoins like DOGE and SHIB
- Canary Capital filed for a Pudgy Penguins NFT ETF with potential approval by October 2025
- Analyst Ali Martinez identifies falling wedge pattern with $0.10 price target
Pudgy Penguins (PENGU) price is showing multiple bullish technical signals after defending key support levels. The memecoin has captured renewed attention from traders and institutions alike.
PENGU recently held firm above its critical $0.028 to $0.030 support zone. Price action shows strong rejection of lower levels through long wicks on the daily chart.
The TD Sequential indicator printed a fresh buy signal on PENGU’s daily timeframe. This occurred after a nine-count downtrend, suggesting selling exhaustion may be setting in.
Ali Martinez shared the TD Sequential development, highlighting the potential for a bullish reversal. The indicator often marks turning points in cryptocurrency price trends.
Price consolidation near the support area shows buyers stepping in to defend this range. If momentum builds, the immediate upside target sits around $0.035.
Pudgy Penguins Price Prediction
Analyst Jesse Peralta identified a Morning Star candlestick pattern on PENGU’s chart. This three-candle reversal formation appeared right at the key support zone.
The Morning Star pattern typically signals the end of a downtrend. When formed at support levels, it often leads to upward price movement.
Peralta’s analysis puts $0.048 in focus as the next potential target. This aligns with prior resistance levels on the chart.
Strong volume follow-through would support the bullish case further. Sustained closes above $0.033 will be key to confirming the reversal strength.
PENGU climbed more than 9% in the last 24 hours during recent trading sessions. This outpaced major memecoins including DOGE, SHIB, and PEPE.
The token currently trades around $0.032, establishing itself among the day’s best-performing memecoins. Steady liquidity and growing market attention support this breakout.
Institutional Interest Growing
Canary Capital Group filed with the SEC for a Pudgy Penguins ETF. The fund would keep up to 15% of assets in Pudgy Penguins NFTs.
Prediction markets show mixed expectations for approval timing. About 58.5% don’t expect approval before October 2025.
The brand has achieved mainstream appeal beyond crypto circles. Over 2 million toys sold and 5 million social media followers demonstrate broad reach.
PENGU generated 116 billion GIF views across platforms. This mainstream penetration sets it apart from typical memecoins.
Chart patterns suggest PENGU may replicate its June-July rally structure. Analyst Kaleo noted similarities between current price action and the earlier explosive move.
The consolidation and breakout structure mirrors the previous pattern almost identically. This fractal behavior often signals familiar accumulation phases.
If the pattern holds, PENGU price could target $0.070 to $0.080 levels. Holding above $0.030 remains critical for this scenario.
Ali Martinez identifies a falling wedge formation on PENGU’s 12-hour chart. This pattern typically precedes strong bullish moves when broken to the upside.
Martinez’s analysis shows potential price milestones at $0.043, $0.053, and $0.065. These levels could serve as stepping stones toward the $0.10 target.
Current price around $0.0357 sits just above key support at $0.027. Defending this level is crucial for maintaining bullish momentum.
