PENGU, the token tied to the Pudgy Penguins brand, is flashing fresh bullish signals as it attempts to recover from its October lows. Analyst Ali Charts identified new buy signals from the SuperTrend and TD Sequential indicators after the token moved back above the $0.0081 level. Despite the signals, PENGU remains below key resistance levels following its prolonged decline from September's high near $0.0109.

Ali Charts Points to Two Fresh Buy Signals

According to Ali Charts, the SuperTrend indicator has repeatedly anticipated PENGU's trend changes. The trend-following tool flips its line when price crosses a volatility-adjusted threshold, which is why its shifts are widely watched as early cues of trend changes. Previous bearish flips preceded steep corrections, while bullish flips came before rallies. The latest bullish signal appeared as PENGU pushed above $0.0081.

In a post on X, Ali also reported a new buy signal from the TD Sequential indicator on PENGU's daily chart. The indicator, which traders use to spot trend-exhaustion points, has a notable track record on the token: the previous buy signal on August 7 preceded a 77.64% gain, while the September 15 signal was followed by a 66.94% increase. A September 25 sell signal, by contrast, came before a 31.58% decline.

Separately, PENGU became available to buy, sell and hold on SoFi, a platform serving more than 15 million members. The listing extends the token's reach to a mainstream retail audience beyond dedicated crypto exchanges. Ali also noted that the token had maintained a broader pattern of higher highs and higher lows. If another rally approaches 70%, the analyst's projection places PENGU near $0.013.

PENGU Faces Despite Recent Recovery

The four-hour chart shows PENGU trading at $0.007890, down 0.67% on the latest candle. The token rebounded toward $0.0083 on October 21–22 after falling to near $0.0071 around October 18. However, recent red candles point to renewed selling pressure.

Immediate support sits between $0.0077 and $0.0078, followed by $0.0075 and the recent low near $0.0071. On the upside, PENGU must reclaim the $0.0080–$0.0083 zone before testing resistance at $0.0085 and $0.0090. For readers weighing the fresh buy signals, these levels serve as the practical yardstick for whether the recovery attempt gains traction.

RSI and MACD Show Mixed Momentum

Momentum readings are split. The Relative Strength Index stands at 52.31, below its average of 59.60. Although the RSI remains above the 50 threshold, its decline suggests that bullish momentum is weakening.

The MACD line, meanwhile, sits at 0.000133, above the signal line at 0.000116. The positive histogram of 0.000017 indicates that some upward momentum remains, although the narrowing gap suggests the recovery may be losing strength.