- PENGU rose above $0.0081 as Ali Charts identified fresh bullish signals from SuperTrend and TD Sequential indicators.
- PENGU rebounded toward $0.0083 after hitting $0.0071, but must clear $0.0085 and $0.0090 to extend its recovery.
- RSI fell to 52.31 while MACD remained positive, suggesting weakening bullish momentum despite the potential for further gains toward $0.013.
Pudgy Penguins’ PENGU has produced fresh bullish signals as its price attempts to recover from October lows. Analyst Ali Charts identified new buy signals from the SuperTrend and TD Sequential indicators after PENGU moved above $0.0081. However, the token remains below key resistance levels following its prolonged decline from September’s high near $0.0109.
Ali Charts Highlights Two Fresh Buy Signals
According to Ali Charts, the SuperTrend indicator has repeatedly anticipated PENGU’s 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.
Ali also reported a new buy signal from the TD Sequential indicator on PENGU’s daily chart. The previous buy signal on August 7 preceded a 77.64% gain, while the September 15 signal preceded a 66.94% increase. A September 25 sell signal came before a 31.58% decline.
Meanwhile, PENGU became available to buy, sell and hold on SoFi, a platform serving more than 15 million members. 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 Resistance 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 near $0.0071 around October 18. However, recent red candles show renewed selling pressure.
Immediate support is between $0.0077 and $0.0078, followed by $0.0075 and $0.0071. On the upside, PENGU must reclaim 0.0080–0.0083 before testing $0.0085 and $0.0090.
RSI and MACD Show Mixed Momentum
The Relative Strength Index is at 52.31, below its average of 59.60. Although RSI remains above 50, its decline suggests weakening bullish momentum.
Meanwhile, the MACD line is at 0.000133, above the signal line at 0.000116. Its positive histogram of 0.000017 indicates remaining upward momentum, although the narrowing gap suggests the recovery may be losing strength.
