PENGU, the token tied to the Pudgy Penguins brand, has printed three major buy signals on its weekly chart, with market analyst Ali Charts identifying $0.045 as a potential price target. The signals come from the Tom DeMark Sequential, Parabolic SAR and Supertrend indicators, all of which have turned bullish. Weekly-candle signals are typically read as longer-horizon gauges, since they filter the day-to-day noise that dominates shorter timeframes. The token nonetheless trades near $0.009576, where weakening momentum readings and nearby resistance levels are shaping near-term price action.

Three Weekly Indicators Turn Bullish

According to Ali Charts, who published the analysis on X, the Tom DeMark Sequential indicator has generated two consecutive weekly buy signals: an initial nine setup followed by a Combo 13, a sequence that may be initiating a new bullish countdown. The DeMark Sequential counts consecutive bars against earlier closes to flag potential trend-exhaustion and reversal points, and its readings are generally assessed on the timeframe where they appear — here, weekly candles.

The Parabolic SAR has also flipped bullish, with its dots shifting below PENGU's price. The indicator is used to track potential trend direction and can act as dynamic support during upward moves.

The Supertrend indicator has produced a buy signal as well. Ali Charts noted that a similar weekly signal previously preceded a 1,156% rally in PENGU.

The analyst has additionally mapped a parallel channel around PENGU's price action. Its midpoint, near $0.025, represents the first target, while the upper boundary, near $0.045, marks another potential level. Ali Charts estimates that reaching $0.045 would imply approximately 430% upside from current levels. Because all three indicators run on weekly candles, subsequent weekly closes would serve as the reference points on which the signals are confirmed or invalidated.

Consolidation After September Recovery

PENGU recently traded at $0.009576, down 2.15% on the latest candle, with trading volume reaching 294.16 million tokens, according to TradingView chart data ().

The token declined from late August through mid-September, touching a low near $0.0068 on September 16, before recovering toward $0.0108 on September 23. Price has since consolidated, with immediate resistance sitting between $0.0100 and $0.0103. A move above $0.0103 could bring the recent peak near $0.0108 into focus.

On the downside, $0.0090 provides immediate support, followed by $0.0080 and the September low near $0.0068. These levels frame the range within which the weekly signals would either be tested or reinforced by upcoming price action.

RSI and MACD Show Weakening Momentum

PENGU's Relative Strength Index stands at 44.56, below its moving average of 55.66. The reading points to weakening bullish momentum, though the RSI remains above the oversold threshold of 30.

The MACD histogram reads -0.000088, with the MACD line at 0.000106 and the signal line at 0.000194. The bearish crossover reflects fading upward momentum as PENGU trades below immediate resistance. The split between bullish weekly indicator readings and weakening shorter-term momentum leaves the two timeframes in disagreement — a divergence market watchers typically monitor before weighing either set of signals.