For months, the PENGU price chart was a snooze-fest, trapped in a relentless slumber. But the bears? They're finally getting evicted! This Solana-based memecoin has been grinding inside a massive flag structure since July, and that bearish exhaustion is now a certified fact.
Zooming into the 1-day chart, PENGU executed a flawless bounce off the flag's crucial support near $0.009732. Suddenly, the engine is humming, and the momentum has shifted into high gear.
At the time of writing, PENGU had already blasted off with an 8% daily gain, hitting $0.01138. This sharp reversal isn't just a flicker—it's the first sign of a major sentiment flip ready to ignite some serious short-term action.
🐻 Partnership Power-Up Sparks Market Frenzy
The Pudgy Penguins [PENGU] crew just dropped a bombshell: a mega-collaboration with the Care Bears! The announcement of a limited-edition physical collectible set to land on December 12th sent a jolt of pure optimism straight through the community.
The moment the news hit, PENGU started hoovering up serious cash.
Futures Net Inflows soared by $1.01 million in just 24 hours, while Spot Net Inflows packed on an additional $470.39K. This isn't just retail enthusiasm—it's a clear signal of whale accumulation, a classic setup that often precedes a massive breakout attempt, especially when the price is already sitting on rock-solid support.
Sure, lower-time-frame flows were a bit choppy (hello, quick profit-takers!), but the 12-hour and 24-hour data show the big players are maintaining a consistently bullish bias.
The climb in Spot Whale Orders is a huge confidence vote, indicating that massive holders see current prices as a prime opportunity for long-term value.
👑 PENGU Buyers Seize Control: The Bull Case Solidifies
The excitement isn't just about the money flowing in; it's about who's steering the ship.
CryptoQuant data reveals the Futures Taker CVD decisively flipped to Taker Buy Dominant at the start of December. For the last six sessions, buyer dominance has done nothing but climb, turbocharging the potential for a momentum continuation.
This trend signals that traders are eager to pile into their exposure and provide robust support for the current price levels.
Combine these aggressive buyers with surging inflows and that supportive flag structure, and you have a textbook setup for a continuation rally—if the bulls keep the pedal down.
💥 Is a Major Breakout Imminent?
PENGU is firmly holding its flag support, and these fresh catalysts have placed the token right at a key inflection point. The Care Bears partnership is primed to be an emotional amplifier, but the mission for the bulls is clear: punch through months of frustrating consolidation with a clean, undeniable breakout.
The ultimate move? If buyers can fully reclaim control and send the price rocketing above the flag’s upper resistance band, the next significant target isn't close. It sits way up near $0.034009.#pengu #Binance 
