Pudgy Penguins (PENGU) Shows Strong Accumulation, Bullish Outlook Despite Recent Dip
Pudgy Penguins (PENGU) tokens are currently trading around $0.03013, down -9.52% in the last 24 hours. Despite this, the cryptocurrency shows strong signs of accumulation and a bullish outlook.
Technically, the repeated higher lows indicate demand stepping in on every dip, consistent with the accumulation trends highlighted in the order books. PENGU's 4H structure holds firmly along its rising trendline, with buyers defending the $0.03-$0.035 range. Fresh inflows continue to support the broader market structure, with steady Pudgy Penguins accumulation into long-term wallets. Order book data suggests an underlying bullish skew, with over 60% of current positioning siding with buy orders, indicating ongoing accumulation.
PENGU Pudgy Penguins reacts strongly at the $0.030 to $0.031 support band, maintaining the ascending structure and targeting the channel top. If PENGU can maintain bids above $0.031 and push through $0.036 with volume, it sets up a clear technical path towards $0.044 and beyond. PENGU is holding steady above the $0.03 support zone, with buyers stepping in on dips to keep the uptrend intact.
Institutional interest in PENGU has been hinted at, with the project's presence at the SEA Blockchain Week Event in April 2025 and a PENGU-ETF application by Canary Capital. However, no specific individuals or institutions have publicly announced significant purchases of Pudgy Penguins NFTs in recent weeks or months.
PENGU price prediction shows a potential path towards the $1 mark by December, requiring a daily growth rate of nearly 6%. Despite recent price fluctuations, the cryptocurrency's strong accumulation trends and bullish indicators suggest a positive outlook for Pudgy Penguins.
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