Pudgy Penguins (PENGU) Price Prediction: Can PENGU Rebound After Losing the $0.01 Level as Analysts Point to Divergences, Support Retests, and Whale Accumulation?
The post Pudgy Penguins (PENGU) Price Prediction: Can PENGU Rebound After Losing the $0.01 Level as Analysts Point to Divergences, Support Retests, and Whale Accumulation? appeared on BitcoinEthereumNews.com.
PENGU faces a decisive moment after losing the $0.01 level, with participants watching key supports, bullish divergences, and whale accumulation for signs of a potential rebound. PENGU is facing renewed volatility after losing the key $0.010 support, with participants now closely watching whether the asset can stabilize above the lower range and prepare for a potential recovery bounce. Market participants have shown heightened interest in Pudgy Penguins due to its growing ecosystem activity, strong community presence, and a cluster of technical signals emerging at current levels. Pudgy Penguins’ current price is $0.009763, down -9.34% in the last 24 hours. Source: Brave New Coin As of December 2, 2025, PENGU trades near $0.00976, down 9% in the past 24 hours, with a market capitalization of over $613 million. Despite the recent drawdown, analysts believe consolidation near major historical demand zones may offer short-term opportunities, provided buyers can defend critical levels. Key Support Zone Under Pressure as Price Breaks Below $0.01 Recent market data shows PENGU losing the psychologically significant $0.010 support, triggering a sharp sell-off. Aleksander.TraderX highlighted that this breakdown created a “brutal reaction,” noting that the price may now either retest and reject $0.010 or reclaim it to spark a relief rally. If rejection occurs, his chart points towards $0.0091 as the next meaningful downside target. PENGU breaks below the key $0.010 level, triggering a sharp sell-off. Source: Aleksander.TraderX via X Meanwhile, the liquidation heatmap reveals substantial leveraged wipeouts below $0.010, indicating forced selling contributed to the cascade. However, some analysts view this as a necessary reset. @niklas_zamzow noted a 12-hour double bullish divergence forming on RSI, signaling early momentum strength even as price tests lower levels. This could potentially lead to some short-term recovery towards $0.010500 and $0.0120 levels. Liquidation data shows heavy forced selling below $0.010, while bullish…
Filed under: News - @ December 3, 2025 1:45 pm