The post Pudgy Penguins (PENGU) Price Prediction: Can $0.0162 Support Spark a Rebound After the Recent Breakdown? appeared on BitcoinEthereumNews.com.

PENGU faces a key test as it slips below previous lows, with participants eyeing the $0.0162 support level for signs of a potential rebound or deeper decline. After a sharp pullback, Pudgy Penguins’ PENGU finds itself at important levels. PENGU’s drop below previous lows has rattled short-term traders, but some market watchers see signs of exhaustion among sellers. With $0.0162 now emerging as the critical defense line. Weakness Persists as PENGU Slips Below Previous Lows Pudgy Penguins’ PENGU has now broken beneath the previous crash wick, signaling sustained weakness and a clear lack of buyer interest in the short term. BRUH highlighted how the token has dipped lower than its prior capitulation low near $0.017, marking a roughly 48% decline from its recent local highs. PENGU continues to weaken as price slips below prior lows, extending its decline within a descending channel. Source: BRUH via X The descending channel on the chart continues to define price action, with lower highs pressing the market towards the next structural zone near $0.0130 to $0.0140. Unless buyers re-emerge around that range, momentum remains firmly in bearish territory, suggesting sellers still dominate the order books. $0.0162 Emerges as a Key Support Level Technical momentum remains subdued as PENGU trades inside a clearly defined horizontal range. AleksTraderX’s chart identifies $0.0162 as a critical level to monitor, this zone aligns with both daily and intraday support levels that have repeatedly attracted buying volume in past sessions. PENGU hovers near a critical horizontal range, with $0.0162 emerging as the key support level to watch. Source: AleksTraderX via X A reclaim above $0.0195 would be the first sign of strength, potentially flipping market structure towards short-term recovery. Until then, PENGU’s direction remains uncertain, with $0.0162 acting as the last line of defense before further downside risk develops. Recovery…

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Filed under: News - @ November 4, 2025 1:29 am