The token PENGU, associated with the Pudgy Penguins project, is showing significant interest from traders, holding key support at $0.03275.
Positive Expectations at $0.10
Crypto analyst Ali_charts suggests that PENGU may be preparing for a bullish breakout. He indicates the price is nearing a resistance level at $0.03618, and breaking above this could lead to a rise toward $0.09691.
Short-Term Bearish Signals
However, analysis from gemxbt shows that PENGU is exhibiting a bearish structure after recent price declines. Currently trading around $0.03275, technical indicators point to selling pressure in the short term.
Long-Term Weekly Perspective
According to Ted Zhang, $PENGU remains a strong position in the market, demonstrating good performance and a healthy weekly trading volume of 1.34 billion.
Despite short-term fluctuations, PENGU maintains long-term bullish prospects supported by significant community interest.
