- PENGU trades within a broadening channel, signaling strong bullish continuation toward $0.26.
- Trading volume and liquidity rise sharply, showing growing participation across major exchanges.
- Derivatives data reveals balanced positioning, supporting a stable and sustained uptrend structure.
Pudgy Penguins (PENGU) continues to move in a strong uptrend after rising from the $0.004 level. The token is forming a broadening channel that signals further upside potential. Market analysts expect the next upward wave could reach $0.26 per PENGU, representing a 13x increase from current prices.
Broadening Channel Formation Suggests Uptrend Continuation
Analysis prepared by Bitcoinsensus shows that PENGU has been trading on a well defined broadening channel on the logarithmic chart. The trend indicates the widening price swings with higher highs and higher lows and this is a confirmation of continuous bullish structure.
The first breakout occurred near $0.017, followed by another upward move to $0.045 before retracing slightly. Recent price movements indicate that it has been consolidating at around $0.021 to form a third accumulation phase. This development reflects sustained buying interest and continued structural growth.
Data from CoinMarketCap shows PENGU trading at $0.02025, with a 3.6% increase in the past 24 hours. Market capitalization stands at $1.27 billion, while fully diluted valuation reaches $1.8 billion. Trading volume has surged 34.82% to $324 million, indicating consistent market participation and liquidity.
Market Activity and Derivatives Data Reflect Growing Participation
According to data from Coinglass, derivatives activity around PENGU has grown notably, with trading volume up 45.78% to $565.40 million. Open interest decreased slightly by 6.61% to $109.46 million, suggesting active position adjustments. The long-to-short ratio stands at 0.9186, with equal involvement on either side of the market.
Liquidation records show moderate values, with $1.19 million cleared over the past 24 hours, including $709,000 from long positions. The balanced ratio across major exchanges such as Binance and OKX indicates steady market engagement and controlled leverage behavior.
PENGU’s consistent liquidity, strong community base of over 543,000 holders, and technical structure suggest continued bullish potential. The broadening channel pattern remains intact, supporting a projected target of $0.26 if upward momentum continues.
