PENGU is witnessing renewed smart money accumulation, signaling rising confidence and potential for a major bullish breakout ahead.
After a quiet stretch, Pudgy Penguins is seeing a wave of renewed confidence as smart money steps back in with over $457K in fresh buys. The sharp uptick in PENGU accumulation has reignited bullish sentiment, hinting that investors may be positioning early for the next major move.
Smart Money Back to PENGU Accumulation
On-chain activity paints a bullish undertone for Pudgy Penguins as Stalkchain reports that PENGU has become the most bought token by smart money in the past 24 hours, with purchases exceeding $457K. This surge in institutional-style accumulation indicates rising confidence among experienced traders who tend to anticipate momentum shifts before broader markets react.
PENGU outperformed top tokens like JUP and ORE in net smart money inflows, signaling strong mid-cap accumulation. Source: Stalkchain via X
The data also shows that PENGU outperformed major tokens like JUP and ORE in net buying volume, hinting that capital rotation is favoring emerging mid-cap assets. Historically, such on-chain accumulation phases lead to strong breakout periods. If these flows persist, PENGU could soon transition from a local consolidation into a new bullish phase.
Bulls Defend Key Zone as Momentum Builds
Price action for PENGU remains active around the $0.014 to $0.017 range, where buyers have consistently stepped in to defend the current structure. RSI indicators show stabilization near the midline, while volume suggests strong dip absorption, both of which signal potential for a near-term reversal.
PENGU price continues to consolidate between $0.014 and $0.017, with bulls actively defending key support levels. Source: YoloThrill via X
As YoloThrill points out, the next major inflection lies at the supply zone near $0.0172, where a successful breakout could spark a shift in market tone. If buyers maintain control and reclaim this area with conviction, the path towards $0.022 to $0.025 opens up, confirming a short-term bullish reversal. Until then, this support region serves as the line between continuation and recovery.
Can PENGU Flip 3-Month Downtrend?
Despite recent weakness, PENGU appears to be stabilizing after three months of steady decline. According to Brave New Coin, Pudgy Penguins trades around $0.01429, down 6% on the day but still supported by a growing market cap of $897 million. The broader structure suggests that the token is nearing the tail end of its corrective wave, hovering just above long-term support at $0.012 to $0.013.
Pudgy Penguins’ current price is $0.01429, down -6.08% in the last 24 hours. Source: Brave New Coin
From a short-term perspective, reclaiming the $0.016 to $0.018 band would mark the first structural higher high in months. This move could validate a short squeeze setup, especially given the rising spot volume and historical demand zones aligning around current levels.
PENGU Price Prediction: Exponential Wave Structure Emerging
BitcoinSensus highlights an impressive logarithmic wedge pattern on the PENGU chart. Price has been respecting this wedge since finding its macro bottom, and each wave within the structure has produced higher magnitude gains. The projection model points towards potential targets at $0.049 and $0.30, depending on how momentum evolves through the next impulse cycle.
BitcoinSensus identifies a growing exponential wedge on the PENGU chart, projecting potential upside targets between $0.049 and $0.30. Source: BitcoinSensus via X
This fractal pattern reflects an expanding rhythm in market cycles, where retracements are becoming shallower and rallies more explosive. If current conditions hold and PENGU successfully maintains its base above $0.010 to $0.012, this wedge could act as the springboard for the next parabolic move, reinforcing a bullish PENGU Price Prediction.
Final Thoughts
PENGU continues to show growing promise both on-chain and technically. The consistent smart money inflows, strong defense near critical supports, and emerging wedge structure collectively paint a picture of quiet strength ahead of potential breakout momentum.
While short-term volatility may persist, reclaiming the $0.017 to $0.020 zone would be a clear validation of strength. If that occurs alongside sustained buying activity and rising engagement from large holders, PENGU could position itself for a substantial recovery leg.