Pudgy Penguins PENGU is testing key support levels, with participants watching closely to see if bullish fundamentals can fuel a rebound towards the upper range.
Pudgy Penguins PENGU has been showing signs of resilience despite recent pressure, with price holding close to its key support levels. The steady growth in holders and consistent token burns are giving participants a reason to stay optimistic, as these fundamentals create a cushion beneath the price. Now, all eyes are on whether PENGU can turn this stability into momentum and push toward the upper range once again.
Pudgy Penguins Range Levels in Play
Pudgy Penguins PENGU continues to trade within a well-defined range, with clear boundaries that traders are keeping a close eye on. The chart shows $0.029 acting as a crucial support, while the upper band near $0.0432 marks the current ceiling. This sideways action reflects a market that’s gathering direction, with each dip into the lower zone providing a potential rebound opportunity.
Pudgy Penguins trades tightly between $0.029 support and $0.0432 resistance, highlighting its defined range levels. Source: Lennaert Snyder via X
Analyst Lennaert Snyder points out that holding the mid-range is key for maintaining momentum, especially given how quickly PENGU has reacted around these levels in recent sessions. A clean push above $0.0432 would mark a strong shift in sentiment, opening space for higher continuation, while failure to hold support risks sending the token back into deeper consolidation.
Reversal Zones: $0.032 to $0.029 Range in Focus
PENGU is now approaching the liquidity point, a region that can often trigger a reversal. The chart highlights liquidity pools clustered both above and below, suggesting that short-term volatility is on the table. If this extension gives way, a sweep of the recent lows around $0.029 becomes increasingly likely, making this zone an area to watch closely for reaction.
PENGU edges towards its $0.032–$0.029 reversal zone, where liquidity clusters may spark heightened volatility. Source: Richie via X
Analyst Richie notes that while smart money accumulation continues, evident in the growing whale and shark holdings, the near-term setup still leans toward a pull-back before any sustained upside move. His view suggests that a reset at lower levels could provide a healthier footing for a renewed rally.
Will The Support Levels Hold?
Pudgy Penguins (PENGU) is trading around $0.0321 after a -4.48% dip over the last 24 hours, putting immediate pressure on the mid-range support zone. With the market cap still sitting near $2.02B and daily volume crossing $301M, liquidity remains present, but the short-term price action suggests sellers are testing the resilience of lower levels. The 24-hour chart reflects a gradual decline, where every attempt to push higher has been capped, keeping PENGU pinned closer to its downside levels.
Pudgy Penguins’ current price is $0.03213, down -8.48% in the last 24 hours. Source: Brave New Coin
The key range remains clear: $0.029 serves as a critical support that needs to hold for momentum to stay intact, while $0.0432 continues to act as the ceiling. If buyers defend this mid-zone successfully, it could set the stage for a bounce back into the upper range. However, a break below $0.029 would shift sentiment towards deeper consolidation.
On-Chain Metrics Reinforce PENGU’s Bullish Support Levels
PENGU has crossed a major milestone with over 868,000 holders now part of the ecosystem. At the same time, more than $357 million worth of coins have been burned, reducing supply by nearly 13.7%. This kind of consistent supply contraction signals that PENGU is working to build scarcity into its tokenomics, a factor that often helps provide a stronger base for long-term valuation.
While the market has recently shown pressure around the $0.032 level, the growing holder base combined with meaningful burn activity, could provide underlying resilience. Analyst Hailey LUNC suggests that these fundamentals may support stability during pull-backs and help the token regain momentum once broader market conditions align. This dynamic gives PENGU a cushion as it trades within its current range, keeping both $0.029 and $0.0432 as the key zones to watch.
Pudgy Penguins Price Forecast: Upside Potential if Support Holds
Pudgy Penguins remains locked in its range, but a key test is approaching right at support. With over 868,000 holders and a meaningful burn rate and shrinking supply, the fundamentals give bulls a reason to stay confident. If $0.029 continues to act as a floor, it creates a slingshot effect for the bulls to retest higher price levels at $0.0432.
For PENGU, the mid-range dip looks less like a breakdown and more like a retest that could attract fresh demand. Holding above this zone keeps the bullish outlook alive, and any rebound backed by volume would quickly shift momentum in favor of buyers.
