Pudgy Penguins (PENGU) is currently trading at $0.03258 after experiencing a quick 7.72% fall in the last 24 hours. Despite the fall, the market has experienced intense action, seeing the trading volume spike 47.23% higher to $526.21 million. This indicates firm investor interest even when the price is falling.
PENGU has held a minor profit over the last week, climbing 1.81% from $0.03251. Cautious short-termers continue to keep an eye on sentiment, whereas long-termers glance towards trendline support for guidance. Fluctuations register the indecision on sentiment, though both whales and even retail continue bound to the struggle to dictate momentum.
Bullish momentum depends on support levels
Crypto analyst Tom B points to an ascending trendline. He explains that PENGU broke past $0.0340 but is now retesting the same level. If the price can hold, the token may push higher. The next target could be $0.0432. A break above that line could mark a fresh higher high for the coin.
Nevertheless, risk is present in the market. Traders may experience a retracement if support does fail. Prices may slide down into lower levels, reversing recent increases. Tom B puts an emphasis on paying attention to the trend line for indications. Market analysts will need confirmation of strength before labeling an outright bullish move.
PENGU’s 2025 outlook remains divided
DigitalCoinPrice provides a more optimistic forecast. There, experts expect PENGU to cross its past record of $0.0573. Their forecast imagines the token shooting up to anywhere between $0.0686 and $0.0711 late in 2025. That would be a good reversal and stir up new enthusiasm among long-term investors.
Changelly is less optimistic. Their technical analysis puts 2025 prices in the range of $0.0173 to $0.0198. That would mean minimal growth and even the possibility of further corrections. By August 2025, their forecast is an average of $0.0181 with a possible upside of nearly 20%. Investors continue to be divided as the future course of the token takes its shape.
