- PENGU consolidation mirrors June–July setup, with support holding and higher lows forming consistently.
- Trading volume and $1.93B market cap show strong participation and steady upward market activity.
- Derivatives data reveal $320M open interest and $1.59M liquidations, signaling balanced trading pressures.
Pudgy Penguins (PENGU) is showing trading activity that resembles its market setup from June and July. Analysts note that current structures are mirroring earlier accumulation patterns which preceded a strong upward move. Market data shows stable support levels forming alongside consistent trading volume, fueling discussion of another potential breakout.
Accumulation Phase and Market Structure
Price charts show PENGU trading lower from February until April before breaking above a descending trendline. A second decline occurred between May and June, followed by a breakout phase. Between July and August, price consolidated within defined resistance and support levels, creating accumulation zones before advancing further.
In September, the market broke upward again, surpassing $0.05 and accelerating toward $0.08. According to Crypto Kaleo, PENGU looks like it is setting up almost identically to June and July before its last major leg up. Current trading levels hold near $0.032212 USDT, supported by earlier demand zones.
According to BulliFyX, PENGU is showing the same buildup seen before its last big move. BulliFyX reported that support holds strong and volume continues to creep up, adding that penguins might be ready to take flight again. Analysts observe that each consolidation stage has built new support levels, sustaining higher lows across recent sessions.
Market Activity and Derivatives Data
At the time of reporting, PENGU traded at $0.03085, recording a daily gain of 3.86%. Market capitalization reached $1.93 billion, while the fully diluted valuation stood at $2.74 billion. Trading volume for the day reached $484.2 million, showing consistent participation across exchanges, according to CoinMarketCap.
Derivatives data provides additional confirmation of market activity. According to Coinglass, open interest rose by 4.87% to $320.10 million, reflecting higher active contracts. Liquidation data shows $1.59 million in positions cleared over 24 hours, split between longs and shorts, signaling balanced trading pressures.
Market observers emphasize that current consolidation resembles previous phases that preceded expansion. With strong liquidity and rising participation, PENGU’s structure is now closely monitored for another upward move.
