PENGU is regaining bullish momentum, holding key support levels as traders anticipate a potential breakout after weeks of consolidation.
After weeks of sideways movement, PENGU is finally showing signs of life again. Momentum indicators are shifting in favor of the bulls, and participants are starting to notice a potential change in trend. With price holding firm around key supports and early buy signals flashing, confidence is returning to the market.
Momentum Shifts Higher for PENGU
Momentum is turning back in favor of the bulls as technical signals begin aligning across multiple timeframes. Ali Martinez highlighted that PENGU has flashed a TD Sequential buy signal, validating a fresh recovery leg. The setup shows momentum gradually shifting higher after a clean reset phase. As long as the structure holds above $0.021 to $0.022, the probability of a stronger continuation increases.
PENGU flashes a TD Sequential buy signal, signaling renewed bullish momentum after weeks of consolidation. Source: Ali Martinez via X
This early signal suggests Pudgy Penguins may be preparing for a new short-term trend expansion, with market strength improving after weeks of sideways action.
Emerging Strength Points Towards a Bullish Recovery
Buyers are beginning to step in again as technical levels firm up around key supports. Olki noted that PENGU Pudgy Penguins is showing renewed upside strength, with price consolidating near $0.0228 while the MA(7) and MA(30) are crossing upward. The structure is tightening, signaling an early trend reversal attempt.
PENGU consolidates near $0.0228 as MA(7) and MA(30) cross upward, hinting at an early bullish reversal. Source: Olki via X
If the pair closes decisively above $0.023, it could confirm a short-term breakout setup. Combined with community enthusiasm around Pudgy Penguins, this technical recovery aligns with improving sentiment heading into Q4.
Liquidation Data Favors Upside Extension
On-chain derivatives positioning continues to tilt in favor of an upward move. Jesse Peralta pointed out that major liquidation clusters between $0.033 to $0.035, totaling nearly $1.6 million, remain unfilled. This creates a magnet zone for price, as short positions above these levels could fuel a sharp squeeze if momentum picks up.
Pudgy Penguins faces $1.6M in unfilled liquidation clusters between $0.033 and $0.035, signaling potential for a sharp upside squeeze. Source: Jesse Peralta via X
Such liquidation pressure often acts as fuel for upside acceleration once resistance zones are challenged. The current structure hints that Pudgy Penguins may soon attempt a move to clear those levels and trigger trapped short positions.
PENGU Price Prediction: Holding the Golden Pocket
The latest market structure sard by Greeny shows a clean defense of support zones, reinforcing the base for further recovery. PENGU continues to hold its golden pocket between the 0.618–0.66 Fib levels, a critical support zone around $0.0209 to $0.0225. The chart also shows price attempting to break its descending channel, a signal that momentum could soon flip in favor of buyers.
PENGU defends its 0.618–0.66 Fib golden pocket, signaling a potential breakout from the descending channel. Source: Greeny via X
If this structure confirms, the next key resistance sits near $0.030 to $0.033, followed by an extended upside target towards $0.045 to $0.0465. Maintaining the current Fib pocket support remains crucial to validate this bullish structure heading into the next quarter.
Final Thoughts: What’s Next for PENGU?
PENGU’s structure is tightening, and technical signals are gradually aligning toward another bullish leg.
TD Sequential and moving averages both point toward renewed upside potential.
Liquidation clusters above $0.033 could act as price magnets during the next rally.
The golden pocket at $0.021–$0.022 remains the key to sustaining this momentum.
If these confluences hold, Pudgy Penguins could be setting up for another strong leg higher as volatility returns to the meme sector. The next few sessions will reveal whether this structure matures into a full breakout or remains in accumulation mode.
