The Pudgy Penguins ecosystem has been buzzing with favorable fundamentals, including 250 billion views, new partnerships, and NFT sales outpacing Bored Apes. Yet, the $PENGU token chart paints a more cautious picture.
The PENGU coin is hovering around $0.022, up roughly 2% on the day but still down double digits over the past week and month.
The market’s tone feels conflicted, because sentiment is undeniably strong on social media, but technicals suggest the token is still fighting to reclaim lost momentum.
Why PENGU Is Holding Its Ground Despite Market Weakness
Despite the recent price drop, the fundamentals behind the Pudgy brand have looked better. The team has expanded aggressively, from new MoonPay Commerce integrations and Invariant partnerships to a reported 250B view milestone across digital platforms.
NFT activity backs this up: Pudgy Penguins NFT sales jumped 165% to $15.6 million last week, outperforming blue-chip collections like Bored Ape Yacht Club.
That kind of brand-driven energy tends to act as a slow-burning catalyst for the coin. Historically, surges in NFT volume have foreshadowed liquidity inflows into $PENGU.
Still, traders are wary. With the token down over 36% in a month, the market’s clearly demanding confirmation, not hype. It’s not the first time whales have tested the community’s patience, and the next few sessions could determine whether the floor holds or breaks lower.
Pudgy Penguins Price Outlook: Can Bulls Regain Control?
According to TradingView data, $PENGU trades between $0.020 and $0.023, a range that’s acted as short-term support several times this quarter. A descending channel structure remains intact, capping upside attempts.
Moreover, technical indicators tilt bearish, as the 1-day summary shows 13 sell signals, 10 neutral, and only 3 buys. Also, the moving averages skew strongly bearish, while the RSI sits near 40, showing room for recovery but no clear reversal yet.
That said, a breakout above the channel’s upper boundary, roughly $0.027–$0.028, would be the first hint of structural change. Momentum could then carry toward $0.035–$0.043, matching analyst projections from @aT0m_B, who noted that sustained volume expansion could trigger bullish continuation.
Conversely, failure to defend the $0.020 zone might invite a quick retest of $0.018, where buyers previously stepped in with conviction.
