PENGU is consolidating within a bullish ascending triangle, holding firm above key support as participants eye a potential breakout towards the $0.034 target.
Despite recent sideways movement, PENGU is starting to show signs of strength as buyers step back in near key support. The token’s price compression under $0.026 hints at a brewing breakout, with volume steadily climbing and accumulation patterns strengthening.
PENGU’s Ascending Triangle Signals Potential Recovery Towards $0.034
A strong accumulation structure is developing on the PENGU chart, where price continues to compress inside an ascending triangle pattern. The formation shows higher lows pushing against the $0.026 ceiling, a breakout level that, if cleared, could trigger a measured move towards $0.035. Pudgy Penguins’s volume profiles support this setup, as buying pressure has been gradually expanding on each retest of the lower trendline.
PENGU forms a bullish ascending triangle, hinting at a potential recovery toward $0.034. Source: Ali Martinez via X
Momentum is beginning to tilt bullish, candles are closing above short-term EMAs, suggesting that buyers are defending control in this consolidation phase. Ali Martinez highlights that holding the $0.024 zone remains key; a daily close above $0.026 would likely mark the start of a fresh impulse, validating the recovery thesis for PENGU’s next wave higher.
Pudgy Penguins Shows Early Signs of Reclaiming Structure
Pudgy Penguins Price action continues to show constructive behavior as PENGU repeatedly bounces off its $0.024 support base. The structure suggests a rounded accumulation pattern, where buyers are stepping in earlier on each dip, reducing volatility and signaling improving confidence. For confirmation, price still needs to secure a close above $0.025 to open room towards the mid-range resistance at $0.028.
PENGU continues to defend its $0.024 support, showing early signs of structural recovery. Source: Degen Sing via X
Crypto analyst Degen Sing believes that the short-term narrative is shifting: despite a cold meme season, sentiment is stabilizing as volume builds along the lower boundary. Market participants appear willing to defend current levels, anticipating that a decisive breakout above the $0.025 to $0.026 zone could shift control entirely back to the bulls.
PENGU On-Chain Data Confirms Accumulation Phase
On top of emerging bullish technicals, PENGU’s on-chains are flashing strength as well. The Solana Post’s data shows that over 1 billion PENGU tokens, representing roughly 1% of the total supply, have been withdrawn from exchanges within three days. This scale of outflow reflects active accumulation behavior by holders and reduces immediate sell-side pressure.
Over 1 billion PENGU tokens have exited exchanges in just three days. Source: The Solana Post via X
The consistent drawdown in exchange balances also suggests rising confidence among large holders. With supply now migrating toward self-custody, the probability of sustained recovery increases. The on-chain picture complements the technical structure perfectly.
Market Sentiment Tilts Bullish as Buyers Dominate
Community sentiment around Pudgy Penguins PENGU has grown increasingly positive, with traders and whales showing conviction near the $0.024 region. Depth charts indicate buy-side strength, and recent order-book activity reveals buyers consistently absorbing dips. The $0.026 breakout line remains the key pivot, reclaiming it could accelerate price into the $0.030 to $0.035 pocket.
Pudgy Penguins’ sees rising buy-side strength as traders and whales defend key support, signaling renewed bullish sentiment. Source: Sslainy via X
Beyond near-term trading setups, this growing collective bias from Sslainy adds momentum to PENGU’s broader recovery story. Each retest of support has drawn stronger engagement, confirming that the “buy the dip” psychology is back in play among dedicated holders.
Final Thoughts: What Next for PENGU Price?
PENGU’s short-term setup remains constructive, with price maintaining higher lows and compressing tightly beneath its breakout range. The structure still favors bulls as long as support at $0.0235 to $0.024 holds. A confirmed close above $0.026 would likely ignite the next impulsive wave towards $0.030 to $0.035.
Pudgy Penguins’ current price is $0.02457, up 1.84% in the last 24 hours. Source: Brave New Coin
As long as this compression continues to mature with controlled volume and stable price behavior, the bias favors buyers. A sustained move above $0.026 would likely confirm breakout momentum, while holding current support keeps the short-term uptrend intact. The broader PENGU price prediction remains constructive, pointing to a potential continuation phase as accumulation transitions into expansion.