Recent analysis of the $PENGU token, the native token of Pudgy Penguins, has identified technical signals that indicate a possible price rebound. Analysts highlight several factors contributing to the optimism.
Technical Signals for $PENGU
The $PENGU token shows signals indicating potential price growth. Analyst Ali_charts reported a buy signal appeared on the TD Sequential indicator, observed at a critical support zone. The current price sits on a trendline that has historically acted as a strong base during pullbacks. Additionally, the relative strength index (RSI) exhibits a bullish divergence. Ali noted, "All signs point to liftoff."
Increase in Holders and Demand
Recent projections from analyst Web3Niels suggest a continued upward trajectory for $PENGU, forecasting a price target between $0.15 and $0.20 by Q4 2025. $PENGU has shown significant growth, rising over 10x since bottoming in April 2025, despite a prior 90% correction post-airdrop. The airdrop distributed nearly $1.5 billion to 760,000 wallets. Supporting the bullish outlook, analyst Sudelytic highlighted a TD Sequential buy signal and a bullish RSI divergence as indications for possible recovery. Meanwhile, $PENGU has surpassed DOGE, with 563,000 holders and 20,000 daily active addresses showing growing demand.
Market Outlook for $PENGU
At the time of writing, $PENGU was trading at $0.0376 with a 24-hour trading volume of $790.8 million, down 6.24% from the previous day. Nonetheless, analysts are optimistic about further upside. The recent combination of technical indicators, an expanding user base, and trading volume indicates strong interest in $PENGU's future price actions.
In conclusion, the technical analysis and increasing number of holders support expectations for potential recovery of the $PENGU token; however, future developments in the market will depend on a range of factors.
