PENGU climbed from $0.0080 to around $0.0110 this week, pushing back above the $0.01 level, with the $0.0110-$0.0116 zone now acting as immediate resistance. Analyst Ali Charts highlighted weekly buy signals from the TD Sequential, Parabolic SAR and SuperTrend indicators. A move above $0.025 could bring the $0.045 channel boundary into focus, while $0.0090-$0.0080 remain key support, according to his analysis.

Weekly Indicators Point to a Breakout

According to Ali Charts, Bollinger Bands are squeezing on PENGU's weekly chart, with the upper and lower bands contracting in a pattern that reflected low volatility before the latest price expansion. Setups on the weekly timeframe tend to draw attention because each candle compresses an entire week of trading, so signals at this granularity form far less frequently than on daily or intraday charts.

The Tom DeMark Sequential — a timing tool designed to flag points where a trend may be exhausting itself — produced two weekly buy signals: a 9 setup appeared first, followed by a Combo 13 signal. Taken together, these readings can indicate a new nine-candle bullish countdown. Meanwhile, the Parabolic SAR flipped bullish, with its dots moving below PENGU's price, and the SuperTrend indicator also turned into a buy signal. Confluence across several independent indicators is generally treated as a stronger technical case than any single reading on its own.

Ali Charts noted that a similar weekly signal previously preceded a 1,156% rally, a comparison he used to illustrate the scale such setups have reached before — though prior outcomes do not bind future results.

PENGU Price Breaks Above $0.01

The chart shows PENGU breaking above $0.0080 around September 21. From there, price moved through $0.0090 and $0.0100 in succession before reaching approximately $0.0110 on September 23.

Exchange flows turned notably volatile around the move, based on Coinglass flow data. The breakout followed several smaller readings earlier in September, when negative spikes reached roughly $500, to $600,000 and an outflow on September 20 approached $650,000. Flow metrics are closely followed because tokens moved onto exchanges are conventionally read as supply available to sell, while withdrawals are often seen as coins leaving trading venues.

After the breakout began, positive inflow spikes grew sharply. Individual green bars reached approximately $1 million, $1.1 million and $1.25 million, though outflows also increased. Red spikes approached $500,000 and nearly $1 million on September 22, showing strong two-way exchange activity around the token — a pattern that offers no clear directional read on its own.

Analyst Watches Higher PENGU Price Levels

Ali Charts said PENGU remains trading inside a parallel channel. The midpoint near $0.025 represents his first target if price breaks higher. A move through that level would bring the upper channel boundary near $0.045 into focus, which he estimated sits roughly 430% above current prices.

On the latest chart, $0.0100 has become an important psychological level. The immediate resistance area sits around $0.0110 to $0.0116. A sustained move below $0.0100 could expose the $0.0090 to $0.0080 range, which matches the earlier trading area before the September 21 breakout. Since the signals in question are weekly, upcoming weekly closes will serve as the reference points for whether the channel framework stays intact, with the levels above and below marking the conditions for either side of the setup to play out.