- PENGU consolidates near $0.0295 with buy zone at $0.025 and targets reaching up to $0.10.
- Market data shows $275.9M daily trading volume, 15% higher, with $1.89B market capitalization.
- Analysts track support at $0.025 and resistance near $0.047 as the correction phase remains controlled.
PENGU is undergoing a correction phase that mirrors its Q2 price action. Analysts describe this structure as controlled consolidation before another upward cycle. The chart places support near $0.025, where traders identify buying interest, with upward projections extending toward $0.10 if momentum continues building.
Market Structure and Technical Setup
According to an analysis prepared by Ali Charts, “PENGU is in a healthy correction, just like Q2. My buy zone is $0.025, targeting the next leg up to $0.10.” Daily candles show two consolidation phases, followed by upward breakouts. The first occurred between April and July, where sideways movement ended with a sharp rise.
A new consolidation began in late July and extended through early September, with resistance near $0.047 and support around $0.025. The current price stands near $0.0295, showing proximity to the support level. The chart reflects repeated resistance tests followed by retracements, indicating market activity similar to previous quarters.
Crypto Bro observed that PENGU formed a “double bottom” and may test $0.025 before advancing toward $0.055. Chart projections confirm stabilization near $0.0295 after exiting a descending channel, with mapped upside toward $0.04142.
Market Activity and Trading Volumes
Pudgy Penguins (PENGU) traded at $0.03006, recording a 2.65% daily increase, according to CoinMarketCap. The token ranked #51 by market capitalization, valued at $1.89 billion. Its unlocked market cap stood at $1.88 billion, while fully diluted valuation reached $2.66 billion.
Trading volume in the past 24 hours totaled $275.9 million, marking a 15.36% increase compared to the previous period. Circulating supply reached 62.86 billion PENGU out of a maximum of 88.88 billion tokens, keeping liquidity available for active trading.
The daily chart showed intraday fluctuations, beginning at $0.02923 before rebounding above $0.0300 in afternoon trading. Market data confirmed orderly corrections, maintaining a structure consistent with past consolidation phases. Analysts continue to monitor support near $0.025 and upward targets around $0.047, with projections extending toward $0.10.
