Pudgy Penguins is holding firm near key support after a 15% pullback, with whale accumulation and bullish divergences hinting at a potential breakout ahead.
Whale accumulation and bullish divergences across RSI and MACD are hinting that pressure may soon tilt in favor of buyers, giving Pudgy Penguins a chance to break free from its recent downtrend. The token has already defended key support around $0.028 multiple times, suggesting that demand is quietly building despite the broader pullback.
Pudgy Penguins In Corrective Channel with Bullish Divergence
Pudgy Penguins is currently trading inside another corrective channel, similar to the patterns seen before its previous impulsive rallies. The structure shows price steadily bleeding lower while maintaining support at the channel base, a behavior that often precedes strong reversals. Alongside this, momentum indicators are flashing early signals, RSI continues to trend downward but is holding within a defined wedge, while the MACD has already begun to curve upward from oversold levels.
Pudgy Penguins shows bullish divergence on RSI and MACD, signaling momentum may be building despite its corrective channel. Source: Osemka via X
Analyst Osemka highlights the presence of bullish divergence across both RSI and the MACD, suggesting that while price is drifting lower, underlying momentum is beginning to strengthen. If price can push through the corrective channel with a decisive breakout, momentum is likely to push higher.
Whale Steps In With $320K PENGU Buy
PENGU has drawn fresh attention after on-chain platform Stalkchain revealed a single purchase worth $320,000, showing that larger buyers continue to accumulate despite the recent corrective trend. Major entries like this often signal confidence from more established players, especially when they occur around consolidation phases. It suggests that some participants are starting to build positions on the ongoing corrective phase.
A single whale purchased $320K worth of PENGU. Source: Stalkchain via X
When placed next to the corrective channel structure, this whale entry adds another layer to the bullish case. Analyst Osemka has already pointed to bullish divergence forming across indicators, and a major accumulation event like this aligns well with that technical development.
PENGU September Outlook
PENGU Pudgy Penguins price is holding steady near the $0.0293 zone, which has established itself as a strong support level in recent sessions. From a technical perspective, the $0.0357 resistance remains the next key test, as a decisive break above this level could unlock room towards the $0.045 range.
The fact that price has shown resilience even during recent market dips suggests ongoing accumulation, with consolidation providing a foundation for potential upside if momentum builds.
The stability around support, while broader markets faced pressure, signals strength in PENGU’s structure. The consistent holding pattern indicates that buyers continue to step in at lower levels, reinforcing the idea of accumulation. A clean move past $0.0357 could set up a retest of higher levels, aligning with a bullish Pudgy Penguins price prediction.
Can Pudgy Penguins Recover From July’s 15% Pullback?
Pudgy Penguins is currently trading at $0.0281, down -2.13% in the last 24 hours with a market cap near $1.77 billion. Over the past month, the token has struggled to maintain upward momentum, slipping more than 15% from its June highs. The chart highlights a series of lower highs while holding above the $0.028 support zone, suggesting that buyers are still active but lacking enough strength to push through resistance levels.
From a technical standpoint, the $0.0305 to $0.0350 band remains the key ceiling for bulls. A break above this area could shift momentum back in favor of buyers, opening the way for a retest of $0.04. Until then, price action appears weak, with $0.028 acting as immediate support. If this base gives way, the next downside test could stretch toward the $0.025 region, putting further pressure on PENGU.
Final Thoughts: Bullish Efforts Required!
Pudgy Penguins’ recent struggle, losing over 15% from June highs, highlights the clear need for stronger bullish momentum. While buyers have defended the $0.028 support multiple times, repeated failures to climb past $0.0305 to $0.0350 keep the token in a vulnerable position. The divergence across RSI and MACD, alongside whale accumulation, shows underlying strength, but without a convincing breakout, the price risks remaining stuck in consolidation.
For PENGU Pudgy Penguins to recover meaningfully, buyers must step up and reclaim resistance levels with decisive volume. A close above $0.0357 would reframe the outlook and potentially trigger a run towards $0.04 to $0.045.
Source: https://bravenewcoin.com/insights/pudgy-penguins-pengu-price-prediction-can-bullish-divergence-fuel-a-recovery-above-0-035-after-15-pullback