pengu

PENGU has been under heavy pressure for months. The token linked to the Pudgy Penguins ecosystem has lost a large part of its value. Five months ago the price was near three cents. Today it trades close to one cent. This drop is deep even by memecoin standards.

The wider NFT market has cooled down a lot. Trading activity around Pudgy Penguins NFTs has fallen over the past month. Sales volume is lower and floor prices are weaker. This matters because the token depends on interest in the collection. When fewer people trade the NFTs the token often follows the same path.

PENGU has utility inside its ecosystem but most buyers still treat it like a speculative coin. That means price depends more on hype than steady use. When hype fades prices usually fall fast. That is what we have seen since late summer.

Some holders believe memecoins always come back. They point to past examples where dead looking tokens suddenly rallied. While this can happen there is no rule that says every token must recover. Each case depends on demand timing and market mood.

On chain data shows that some PENGU tokens are moving out of exchanges. This often means holders want to store them and wait. That can look positive at first. But the size of these flows is smaller than earlier this year. Back then similar moves did not stop the price from falling. So this signal alone is not enough.

The long term chart gives a clearer message. Price recently broke below an important level near one cent. This level held in the past and acted as support. Once it was lost sellers gained more control. Since then price has not shown a strong bounce.

Buying pressure also looks weak. Volume linked to accumulation has been falling for a long time. This suggests buyers are not stepping in with confidence. Without strong demand prices tend to drift lower over time.

Because of this a fast recovery does not look likely. For a real reversal buyers would need to defend key levels and push price back above old support. That has not happened yet. Instead each small bounce fades quickly.

Looking ahead there are lower levels that traders are watching. Areas from early spring around half a cent could come into view if selling continues. These zones acted as support before and may attract buyers again. But there is no guarantee they will hold.

In the near term one small level near the current price matters. If price falls below it and then fails to recover that level it could act as resistance. This often gives short term traders a chance to bet on more downside.

In simple terms PENGU is still in a downtrend. NFT interest is weaker. Token demand is low. On chain signals are mixed but not strong enough to change direction. Until buyers show clear strength the path of least resistance remains down. For now the slump does not look finished.
#pengu #CryptoNewss #cryptooinsigts #WriteToEarnUpgrade

The meme market looks red today, but if you look closer at the 12-hour chart, something big is happening with $PENGU

$$$. 🐧
While the price has been sliding, we’ve just spotted a Bullish Divergence on the RSI. For the researchers out there, this usually means the "Sellers are exhausted" and smart money is starting to accumulate quietly.
The Key Levels to Watch:
✅ Resistance: Needs to reclaim $0.014 to confirm the breakout.
✅ Target: If it breaks $0.014, the next stop is $0.016 (a potential 15%+ move).
⚠️ Support: Must hold above $0.0098. If we lose this, the setup is void.
Why now?
With the broader "Meme Revival" narrative picking up this December, coins with established NFT communities like Pudgy Penguins often lead the recovery.
Are you holding $PENGU for the bounce, or waiting for a deeper dip? Let me know in the comments! 👇
#pengu #MEME #CryptoAnalysisUpdate #Write2Earn #TradingSignals

The price of Pudgy Penguins (PENGU) has suffered a dramatic decline, falling more than 73% over the past five months, raising concerns among investors about whether the bearish trend has truly reached its bottom.
According to data from NFT Price Floor, trading volume for Pudgy Penguins NFTs dropped 31.4% over the past month. This sharp decline reflects a broader slowdown in the NFT market, as investor interest continues to fade and remains far from the explosive growth seen during the 2021 bull cycle.
Although PENGU is often categorized as a memecoin, it still plays an important role within the Pudgy Penguins ecosystem, offering certain utility features tied to community engagement and ecosystem development. However, utility alone has not been enough to shield the token from persistent selling pressure.
Back in August, PENGU was trading at approximately $0.032. As of now, the token has fallen to around $0.0086, marking a 73.5% price collapse in just five months. Even by memecoin standards—where volatility is the norm—this drop has been severe.
This leads to the key question: Can bullish investors step in to revive PENGU and reverse the current downtrend?
PENGU’s Recovery Potential: Hope vs. Reality
A well-known voice on Crypto Twitter recently pointed out that many memecoins experience a second wave of price appreciation after an initial collapse. The case of Pippin (PIPPIN) was cited as an example, where renewed hype and speculation led to a rebound.
However, there is no guarantee that PENGU will follow a similar path.
On-chain data shows that PENGU tokens continue to flow out of centralized exchanges, resulting in a negative net position change. This typically suggests accumulation behavior, as investors move tokens into cold wallets for long-term holding.
That said, the scale of these outflows has weakened significantly compared to the strong accumulation phases observed in May and June 2025. Even the withdrawal spikes recorded in October failed to halt PENGU’s sharp decline, indicating that accumulation alone is not sufficient to shift market momentum.
Long-Term Technical Structure Remains Bearish
To better assess PENGU’s next potential turning point, it is essential to examine the long-term price structure.
On the 3-day (D3) chart, PENGU officially broke its bearish structure on December 15, when the price slipped below the critical $0.0099 level (marked in orange). This breakdown confirmed the continuation of the broader downtrend rather than signaling a reversal.
Short-Term Price Outlook: Limited Upside
In the near term, the probability of a strong rebound appears relatively low.
The $0.009 support level, which previously held firm in June, has been decisively breached in recent sessions. Meanwhile, the On-Balance Volume (OBV) indicator continues to trend downward, highlighting weak buying pressure and a lack of renewed investor interest.
Without a clear bullish reversal signal—such as rising volume, bullish divergence, or a structural breakout—PENGU is likely to remain under pressure.
Key Price Levels to Watch
Looking ahead to the coming weeks:
Major downside targets include the $0.0054 and $0.0039 support zones, both of which were established during March and April.
In the short term, $0.00855 is a critical support level to monitor closely.
If sellers break below this level, a bearish retest as resistance could present potential opportunities for short positions, further reinforcing the negative trend.
Final Thoughts
While long-term accumulation and memecoin market cycles offer some hope, current price action and technical indicators suggest that PENGU’s downtrend is not over yet. Investors should remain cautious, closely monitor key support levels, and wait for clear confirmation before expecting any meaningful recovery.
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#PENGU #CryptoAnalysis