Critical Support Test Determines the Next Major Move

Altcoin Analysis

PENGU Price Prediction: Critical Support Test Determines the Next Major Move

Pudgy Penguins’ native token PENGU is trying to stabilize after a prolonged decline that wiped out most of its late-summer rally.

Key Takeaways:

  • $0.012 support is the deciding line for PENGU’s next move.
  • Rebound target sits near $0.023 if support holds.
  • Long-term forecasts stay bullish, projecting major growth through 2030.

The token is trading around $0.013, over 13 percent lower on the week, as downward pressure continues across the meme-coin sector. The next move now depends on whether bulls can defend one crucial level that has become the center of market attention.

Analysts Point to $0.012 as the “Line to Defend”

Crypto analyst Ali highlighted $0.012 as the most important support zone for PENGU right now. His chart shows that holding the level could serve as the trigger for a rebound, potentially sending the token toward $0.023 — almost a 75 percent increase from current levels. Ali’s model suggests a short consolidation above support, followed by a recovery move into December if buyers step in.

At the moment, PENGU remains slightly above the critical threshold, but sellers continue to test it aggressively.

Technical Indicators Still Lean Bearish

While the support test unfolds, sentiment on daily timeframes remains negative. TradingView’s technical summary on the one-day chart shows Sell, with moving averages signaling strong selling momentum and oscillators mostly neutral. The RSI around 37 suggests bearish momentum is still active, while MACD shows weak buyer conviction. Bulls need a decisive bounce to shift the tone from defensive to optimistic.

Market Fundamentals Remain Solid Despite the Pullback

Even during the correction, demand hasn’t vanished. PENGU continues to attract strong participation, holding a market capitalization above $820 million and generating more than $155 million in 24-hour trading volume. This level of liquidity is essential if a trend reversal forms — heavy volume increases the probability of an explosive move once momentum flips.

Long-Term Price Predictions Offer a Wider Perspective

Multi-year forecasts still project significant appreciation for PENGU over the longer horizon. According to algorithmic prediction models, the token could reach an average of around $0.069 in 2026, climbing further to roughly $0.103 in 2027. Forecasts grow increasingly bullish beyond that point, with 2028 averaging near $0.155 and possibly reaching highs around $0.23, depending on market conditions.

The trend continues upward into 2029 with average projections near $0.233 and potential highs above $0.34, and by 2030 analysts expect averages around $0.349 with upper targets approaching $0.389.

These long-range estimates do not assume a straight path upward, but they indicate confidence that PENGU could benefit from both continued meme-coin expansion and long-term investor adoption.

What Happens Next?

Everything now hinges on the $0.012 support level. If the price holds above it, technical traders expect a rebound toward $0.02 – $0.023 and a return of bullish sentiment. If it breaks, momentum would likely remain negative and open the door to deeper lows.

PENGU is trading at $0.0131 at the time of writing, with the market now waiting to see whether support will trigger a recovery — or mark the start of a new leg down.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.

Source: https://coindoo.com/market/pengu-price-prediction-critical-support-test-determines-the-next-major-move/