- PENGU mirrors April–July fractal, consolidating between $0.027000 and $0.033000 before potential breakout.
- Derivatives data shows $812M volume, strong long positions, and $497K liquidations in 24 hours.
- Technicals show RSI and MACD turning bullish, with projections aiming near $0.110000 by October.
Pudgy Penguins (PENGU) is showing price behavior that continues to align with the April–July fractal, where consolidation preceded a buy-the-dip opportunity before a new rally. Analysts observe that the current trading structure again points toward potential upside as the token tests key support and resistance ranges.
Consolidation Resembles Previous Structure
According to an analysis prepared by Ali Charts, PENGU continues to mirror its April–July pattern. Then, prices consolidated for weeks before breaking higher. The token is now consolidating between $0.027000 and $0.033000, testing support repeatedly and forming a structure similar to its earlier base.
PENGU is trading at $0.030599 after intraday movement between $0.030381 and $0.031226, according to CoinGecko data. Market capitalization stands at $1.92 billion, with daily trading volume near $297.79 million.
The current base mirrors the earlier phase when extended consolidation created conditions for a sharp breakout. Projections show potential upside targets above $0.065000 and possibly near $0.110000 by October.
Derivatives Data and Technical Indicators
Derivatives markets continue to record active participation. According to Coinglass data, volume reached $812.19 million in 24 hours, while open interest stands at $305.79 million after a 6.33 percent decline. Long/short ratios across major exchanges, including Binance and OKX, remain above 1.16, indicating stronger long positioning.
According to an observation by Gemxbt, PENGU recently recovered above the 5, 10, and 20-hour moving averages. The RSI is trending upward, suggesting rising momentum, while the MACD has crossed above the signal line, showing potential for continued gains.
Liquidation data shows $497.30K rekt in the last 24 hours, mostly from long positions. Yet steady trading volumes and consistent liquidity reflect strong market engagement. The SEC’s ongoing delay on the Canary Spot PENGU ETF has extended the timeline to October 12, 2025, which some analysts believe may build anticipation for the token.
