The post Pudgy Penguins (PENGU) Price Prediction: Will Bulls Defend the $0.017 Support or Face Another Leg Down? appeared on BitcoinEthereumNews.com.

PENGU hovers near a crucial support zone, with participants eyeing a potential reversal as social momentum and technical signals begin to align. Despite cooling off from its recent highs, PENGU continues to draw heavy attention across crypto circles. Market watchers view the Pudgy Penguins’ current consolidation as a setup rather than a setback, with technicals and sentiment slowly aligning for a potential rebound. Market Buzz Builds Around PENGU Momentum around Pudgy Penguins PENGU continues to grow across the market, with Anon Cooker increasingly eyeing it as one of the standout small-cap assets of Q4. Community discussions have turned notably more speculative, fueled by ongoing development updates and renewed ETF talks. Such social momentum often precedes structural reversals in accumulation-heavy assets. If market sentiment continues to strengthen alongside liquidity inflows, PENGU could soon transition from its consolidation phase towards a more aggressive upside cycle, especially as interest in meme-linked tokens resurges. Indicators Hint at Potential Reversal Zone PENGU is approaching a potential inflection point within a defined descending parallel channel. The asset is currently testing the lower boundary near $0.0175, which coincides with the bottom of the golden pocket region (0.618 Fibonacci retracement). Meanwhile, RSI sits close to 30, reflecting oversold conditions, and MACD remains in the negative zone but is flattening, suggesting that selling pressure may be nearing exhaustion. PENGU tests the lower boundary of its descending channel near $0.0175, signaling potential reversal interest. Source: Henmo via X Volume contraction further supports the idea of stabilization before a potential breakout. If momentum flips positive, the first key target sits around $0.022, followed by $0.028 to $0.030 where previous resistance lines intersect. Liquidation Heatmap Shows Room for a Squeeze Kwiik’s liquidation heatmap analysis suggests that PENGU’s largest cluster of short liquidations lies near $0.034. With the majority of leveraged positions concentrated…

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Filed under: News - @ November 1, 2025 9:24 pm