• PENGU price hovers between 7-day and 21-day averages, signaling a tightening breakout setup.
• Key resistance at $0.00018 could spark a rally toward $0.00022–$0.00025, then potentially $0.00030.
• Accumulation is advised between $0.00012–$0.00014 with stop-loss below $0.00009 to manage risk.

Pudgy Penguins (PENGU) is currently at $0.03397, having decreased by 8.71% within 24 hours. The token is still at 428% above its all-time low, indicating high volatility and likely bullish prospects as technical conditions move in favor of the token.

Crypto Analyst Bankr posted on X indicates a breakout is potentially forthcoming. The price is close to $0.00015, caught between the 7-day and 21-day averages. Higher lows recently indicate a bullish pattern might be developing. Tightened volatility is signaling a sharp move is on the way.

Also Read: Pudgy Penguins (PENGU) Flashes Bullish Signals Amid Price Pullback

PENGU Crucial Support Holds at $0.00014

Bankr’s post shows strong support at $0.00014, where bulls and bears have fought it out. Lower down, support in the area of $0.00011-$0.00012 may pick up short-term pullbacks. A break of $0.00009 may result in cascading stop-losses and deep selling.

Resistance is first at $0.00018. A close above it can spark a quick rally into $0.00022–$0.00025. The group in the past has experienced profit-taking. A breakout of that can target $0.00030, indicating a good turnaround off recent downtrends and re-establishing bullish pressure.

Recent SEC developments and the Ethereum’s resilience brighten the mood among altcoins. Such macro changes may favor smaller caps such as $PENGU. Holding at or above $0.00014 retains the bullish configuration intact. It is an important psychological as well as technical point that can influence near-term direction.

Bankr recommends constructing positions between $0.00012 and $0.00014. The area corresponds with previous demand zones and is offering a bullish entry with minimum risk. The best targets lie at $0.00022 and $0.00028. A stop beyond that $0.00009 is recommended, where the breakdown risk is high and invalidates the bullish case.

Descending Channels Hint Another Breakout

Crypto Analyst Chartist Bruh highlights a repeating descending channel pattern near $0.031. These tight structures previously triggered sharp rallies. PENGU’s price now sits in the same zone, historically associated with reversals. The technical rhythm suggests another full breakout move could soon materialize.

Buyers display vigorous defense every time PENGU crosses into this area. The $0.028–$0.031 demand zone continues to hold firm. If the pattern holds, a return to the $0.045 level may appears, assuming the pattern is maintained. Bullish sentiment around the token remains solid with strong community support.

Also Read: PENGU Eyes Breakout: Falling Wedge and Bullish Divergence Aim for $0.045