PENGU Drops 9%, But ATH Breakout Still Within Reach

TL;DR

• PENGU rejected at $0.043, however the each day chart construction stays bullish above short-term assist.
• Whale exercise will increase on Upbit as merchants shift from Dogecoin to Pudgy Penguins positions.
• Momentum exhibits early indicators of fading as MACD flattens, with $0.038 key for development assist.

Worth Pulls Again From Resistance

Pudgy Penguins (PENGU) was buying and selling at $0.038, marking a 9% drop within the final 24 hours. Over the previous week, it has remained up by about 5%. On the each day chart, the value rejected the $0.043 mark, which now acts as resistance. This degree has been examined a number of instances, exhibiting elevated gross sales in that space.

In accordance with market watcher Lennaert Snyder, this type of pullback is anticipated below present market situations. The general transfer since July seems bullish with the value making new increased lows and breaking increased. An additional push past to $0.043 will validate the power and a brand new excessive.

$PENGU is one push away from printing a brand new ATH.

It rejected $0,43 resistance which is regular taking a look at market situations.

Day by day assist is laying round $0.376, a retest there’s a dream for longs.

Reclaiming $0,43 = contemporary ATH.@pudgypenguins are able to fly excessive. pic.twitter.com/kKMt4OUtTQ

— Lennaert Snyder (@LennaertSnyder) July 29, 2025

If PENGU clears the $0.043 degree with quantity assist, chart instruments recommend $0.073 as the subsequent potential cease. This space traces up with a Fibonacci extension from a current impulse wave. For now, the token wants to carry above short-term assist and maintain urgent towards resistance.

Snyder’s chart structure exhibits the trail to $0.073 is dependent upon follow-through. With out that, the market might stay in a spread. A clear break and retest can be key to sustaining bullish momentum.

Giant Merchants Rotate Into PENGU

Buying and selling exercise on Upbit has shown sturdy curiosity from bigger accounts, in line with analyst Cas Abbé. They famous that PENGU’s quantity has surpassed Dogecoin, pointing to a potential shift in focus. Abbé added that some merchants are adjusting their positions in favor of Pudgy Penguins.

After falling off after its $1.5 billion airdrop, the asset bounced again and began to climb once more. Present buying and selling patterns suggest that some merchants are searching for an even bigger transfer over the subsequent few weeks.

Momentum Slowing on Indicators

In the meantime, technical indicators give blended alerts. The value stays above the 20-day transferring common, which affirms the short-term uptrend. Nevertheless, a rejection on the higher Bollinger Band exhibits the rally could also be cooling.

MACD values point out that the principle line is barely above the sign line, and the histogram has grow to be flat. This means that upward momentum has slowed. A break beneath $0.038 might unleash additional promoting, whereas holding some degree of assist might provoke one other breakout.