PENGU Rebounds From $0.02 Liquidity Sweep, Targets Fresh Upside

Accumulation Builds Momentum for Next PENGU Rally

PENGU, the native token of Pudgy Penguin, also experienced a shock in recent times, but the technical framework has remained unchanged. Following a flash crash, the crypto market is still considering the activity of the reversal event. As shown by the charts, a recovery toward key resistance could reveal upside potential.

According to analyst Ali’s weekly view, the token trades inside a descending channel following its previous rally. Despite volatility and a sharp wick below trend support, the price continues respecting the lower boundary at around $0.023. This zone acts as a structural base where buyers historically defend the zone. More so, the sharp dip below and quick return suggest a liquidity sweep as sellers were squeezed before buyers cleaned up the suppressed supply.

PENGUUSD 1W CHART | SOURCE: X

Additionally, another analyst on the 4-hour timeframe pointed out a deep drop below the $0.020 level before a swift recovery. Such a crash could suggest a forced liquidation rather than a breakdown. The price now oscillates near the midline of the band tool, hinting at stabilization in progress. 

PENGUUSD 4H CHART | SOURCE: TradingView

Furthermore, the RSI has rebounded from oversold territory and sits under neutral, suggesting buyers are gradually regaining strength. Key zones such as the upper band near $0.030 act as immediate resistance, and lower support around $0.019 remains critical. Should price stay above the midline and RSI climb, a move toward $0.032–$0.035 is possible, while failure could retest the lower low.

PENGU Rides Solana’s Ecosystem

PENGU’s brand affinity and community following give it an edge in narrative-driven cycles. The token is integrated into Solana-based systems and NFTs, allowing brand utility to support price tailwinds. Rising interest in meme-linked projects could drive speculative money flows back into this space.

At the same time, the growth in all layers of Solana DeFi is also beneficial to the ecosystem. This could see tokens with high community support outperform as inflows transition into mid-cap assets as protocols mature and the increase i liquidity.

Accumulation Builds as PENGU Rebounds

In addition, macro factors are supporting risk assets, and capital is flowing into altcoins following an oversold strength. The cryptos crash in recent past has triggered a reset, where accumulation is now visible in many undercut tokens. The reversal of the mood points to buyers stepping in.

Besides, margin leverage in crypto derivatives markets has been decreasing, which means that the recent volatility has removed weak positions. That cleaning up could mitigate tail risk so that projects that survive the shakeout can have stable upside movements.

Overall, the token is still in the phase of recovery within the structural support following forced liquidation. If the $0.023 level is held and momentum resumes, the token could rise to $0.13. However, a collapse would lead to reconsideration and possible pullback to the lower low.

PENGU is trading at close to $0.0245 at press time, as the market consolidates, and observers are waiting to see which trend will follow.