PENGU Tests $0.0106 Resistance as Analysts Watch for Breakout Toward $0.0153
Key Takeaways
- •PENGU's strongest advance came between Sept. 18 and Sept. 22, when the token climbed from below $0.008 to above $0.010 on large volume spikes before peaking near $0.0108–$0.0110.
- •The token was last trading near $0.009256, below its 50-day moving average at $0.009642 but above its 200-day moving average at $0.008558.
- •Ali Charts notes PENGU has tested the $0.0106 channel top three times and says a confirmed breakout above that level could open a path toward $0.0153.
- •Crypto Tony considers PENGU an entry only if it flips its recent high, but Bitcoin's indecision is stalling altcoins and that condition has not yet been met.
- •Immediate support sits at $0.0090–$0.0092, with a break below $0.0090 potentially exposing $0.00856, while reclaiming $0.00964 could refocus attention on $0.0100 and $0.0108–$0.0110.
Pudgy Penguins (PENGU), the token tied to the Pudgy Penguins NFT brand, is holding above its long-term trend support after a sharp recovery, while analysts Crypto Tony and Ali Charts watch resistance at $0.0106. According to Ali Charts, a confirmed breakout above that level could open the path toward $0.0153. Crypto Tony said Bitcoin's indecision is slowing altcoins, leaving PENGU without a confirmed entry above its recent high.
The token last traded near $0.009256, below its 50-day moving average at $0.009642 but above its 200-day moving average at $0.008558, leaving the longer-term support level beneath the current price.
PENGU Holds Above Long-Term Support
PENGU fell toward the $0.0065–$0.0070 range during July and August before breaking higher in late August and again in mid-September. The strongest move came between Sept. 18 and Sept. 22, when the token climbed from below $0.008 to above $0.010, with large volume spikes accompanying the breakout. PENGU later reached roughly $.0108–$0.0110 before pulling back.
Analysts Focus on $0.0106 Resistance
Crypto Tony (via X) said PENGU remains an entry if it flips the recent high, but noted that Bitcoin's indecision is stalling many altcoins and that the token has not yet met that entry condition.
Ali Charts said PENGU has tested the top of its channel at $0.0106 three times and that repeated resistance tests can weaken that level. He expects a move above $0.0106 could open the path toward $0.0153. Ali also pointed to activity around Pudgy Penguins during Korea Blockchain Week, one of Asia's largest annual blockchain gatherings, saying fresh catalysts could support another breakout attempt.
Key Levels Shape the Next Move
Chart data from Santiment places $0.0100 below the recent high and $0.0108–$0.0110 near the latest peak. On the downside, $0.0090–$0.0092 forms immediate support, while $0.00855 sits near the 200-day average.
A move above $0.00964 would reclaim the 50-day average, potentially putting $0.0100 back into focus, followed by $0.0108–$0.0110. Conversely, $0.0090 could expose $0.00856.
Volume remains higher than during July and August, with the latest reading near 123.01 million PENGU, although the largest spikes appeared during the earlier breakouts. With the token positioned between its 50-day and 200-day averages, how volume behaves around a renewed approach to $0.0106 is likely to shape how the next test of the channel top is read.
