PENGU is holding firm above key support, with rising whale inflows and tightening technicals hinting at a potential breakout ahead.
A surge in whale accumulation and renewed on-chain activity have put Pudgy Penguins’ PENGU back on traders’ radar. Despite weeks of weak movement, PENGU’s steady defense of key support has revived optimism in the meme sector.
Technical Setup Points Towards PENGU Reversal
PENGU’s recent chart highlights a clear descending trendline on the 4H timeframe, where Pudgy Penguins appears to be testing the boundary for the first time after an extended downtrend. The structure suggests potential exhaustion among sellers as price stabilizes near $0.0159, forming a short-term higher low pattern.
PENGU tests a key descending trendline, hinting at potential reversal signs as momentum begins to build. Source: Muro via X
If momentum builds above the trendline resistance, the next confirmation level sits near $0.0200 to $0.0220, which could validate the beginning of a reversal phase. Volume contraction followed by a breakout would likely trigger an impulsive move, signaling the start of a new upward leg.
Upside Targets in Sight as PENGU Holds Key Support
Quan’s chart offers a broader view of PENGU’s technical structure, showing the token holding firm above the key $0.0140 to $0.0150 support area. Price has successfully defended this zone multiple times, aligning with its 21-day EMA, a level that previously triggered bullish swings.
PENGU maintains strength above its key $0.014 support zone, with technicals signaling potential upside towards the $0.03–$0.05 range. Source: Quan via X
If momentum follows through, the immediate upside target rests near $0.028 to $0.032, with a possible extension towards $0.045 to $0.05 depending on volume expansion. The moving averages are beginning to flatten, hinting that the market may be gearing up for a mid-term reversal and renewed bullish pressure.
On-Chain Strength Backs the Move
According to the on-chain breakdown, this latest wave of activity around PENGU isn’t just retail-driven hype, it’s supported by smart money inflows. Over the past 24 hours, there’s been $1.8 million in net inflows from exchanges, $175K from whales, and $1.3 million from fresh wallets, while the top traders have shown zero significant outflows.
On-chain data shows $1.8M in fresh inflows and rising whale participation, signaling strong accumulation behind PENGU’s latest move. Source: Nansen via X
Nansen highlights that this pattern reflects conviction-based accumulation rather than speculation. Coupled with coordinated off-chain developments such as media coverage, DreamWorks collaborations, and potential ETF discussions, the fundamental flow reinforces PENGU’s emerging narrative strength within the meme sector.
PENGU Price Prediction: Breakout Season Approaching
Top Gainer Today’s PENGU technical setup captures a symmetrical triangle formation tightening between $0.015 and $0.020, suggesting an imminent volatility expansion. The structure’s apex is nearing completion, implying that a decisive breakout could occur within days.
PENGU’s symmetrical triangle pattern signals a potential breakout, with targets stretching towards the $0.06–$0.09 range. Source: Top Gainer Today via X
A move above $0.022 would likely confirm bullish continuation, projecting measured targets between $0.06 and $0.09 based on the height of the previous swing. With Pudgy Penguins’ support well-established near $0.0135, risk-to-reward appears increasingly favorable for bulls anticipating a breakout rally.
Final Thoughts: Meme Trend Returning for PENGU?
Momentum around PENGU is building again, technically, structurally, and fundamentally. Pudgy Penguins charts show tightening formations across multiple timeframes, while on-chain metrics confirm renewed accumulation from high-value players.
Pudgy Penguins’ current price is $0.01640, up 5.25% in the last 24 hours. Source: Brave New Coin
As the broader meme sector begins to reawaken and attention shifts back to high-engagement assets, PENGU’s combination of technical readiness and strong community could make it one of the frontrunners of the next meme rotation cycle.
