PENGU has slipped into a key support zone, with participants closely watching whether this level sparks a rebound or marks the start of a deeper decline.
PENGU is now slipping into one of its most critical phases of the year, with price sitting right above a make-or-break support that has triggered major moves in the past. Despite the sharp sell-off, participants are still watching this level closely, hoping that this zone once again sparks a strong rebound.
PENGU Enters a Freefall Phase
PENGU continues to slide lower as the structure breaks one support after another, with price now trading around $0.0123, its lowest level in months. The chart in EDK’s post highlights a series of failed retests and consistent sell signals, showing that momentum remains firmly bearish while sellers accelerate outflows across every bounce attempt.
PENGU extends its steep decline as repeated support breaks push price toward multi-month lows, highlighting intensifying sell pressure. Source: EDK via X
If this trend persists, the next visible liquidity pockets sit closer to $0.010 and $0.008, levels where previous reactions formed earlier in the year. Until buyers step in with stronger volume, Pudgy Penguins remains vulnerable to deeper extensions as panic-driven selling continues.
Scenario Breakdown for PENGU’s Next 6–12 Months
The projections shared from EdgenTech outline four possible trajectories: a Bull Case aiming for $14.5B–$29B FDV, a Base Case in the $2.9B–$5.8B range, a Bear Case around $1.45B–$2.2B, and finally a Disaster Case dropping as low as $290M–$580M. These scenarios reflect the wide distribution of outcomes depending on market climate, narrative strength, and community traction.
PENGU’s valuation outlook shows wide-ranging scenarios driven by sentiment and narrative strength. Source: HEDONIST via X
The market’s current behaviour leans closer to the lower bands, but scenario-based frameworks like this help map risk rather than predict direction. If sentiment flips and viral momentum returns, even a Base Case rerating would mark major upside compared to current levels.
Key Support Zone Being Tested Again
PENGU Price has now revisited the same blue box support highlighted by Levy, sitting just above $0.0120 to $0.0125, a region that previously acted as the base for two major rallies. The Pudgy Penguins chart shows a repeated sweep of this zone, and while momentum is still weak, the structure does hint that a short-term bottom could form if buyers defend this area once more.
PENGU retests a historically strong support zone that previously fueled major rebounds, raising the possibility of a short-term bottom. Source: Levy via X
A reclaim of the $0.0150 region would be the first sign of relief, followed by a push back into the $0.019 to $0.023 range. Until that happens, price remains in a reactive stage, but this Pudgy Penguins zone still deserves attention due to its historical strength.
Short-Term Technical View
Short-term structure remains pressured, with Zer0 pointing out that PENGU is hovering directly inside the long-term accumulation block around $0.0129. This box has held multiple times in the past, although each bounce has been weaker than the last, hinting that sellers are slowly tightening control.
Pudgy Penguins is approaching a major demand zone. Source: Zer0 via X
A recovery back towards $0.0262 would require a clean shift in momentum, especially with EMA100 above price acting as dynamic resistance. Near-term flows still favour caution, but sharp mean-reversion rallies from this zone are not unusual for PENGU.
PENGU Price Prediction: $0.012 Must Hold
Ali Martinez marks $0.012 as the critical line to defend, and the chart clearly supports that view, it is the final major structural level before the chart opens down toward fresh multi-month lows. So far, price is still hovering slightly above it, but repeated tests raise the risk of a breakdown if buyers don’t react soon.
$0.012 stands as PENGU’s final major support, with repeated tests highlighting the risk of a breakdown if buyers don’t react soon. Source: Ali Martinez via X
If the level holds, a rebound towards $0.017 and potentially $0.023 remains realistic based on prior reaction ranges. The next few candles for PENGU around this zone will be important for short-term direction.
Final Thoughts
PENGU sits right at the edge of major long-term support, with $0.012 to $0.013 acting as the final defence before deeper downside opens towards $0.010 to $0.008. Several charts highlight the same message: momentum is weak, but the current level is historically significant. A reclaim above $0.015 would ease immediate pressure, while $0.019 to $0.023 remains the broader upside region for any relief wave. Until then, the structure stays fragile and driven by reactive flows rather than sustained demand.