Pudgy Penguins Price Prediction: Hidden Breakout Setup Revealed

PENGU is trading at $0.0066540 right now, up 1.04% today, and this Pudgy Penguins price prediction breaks down where it could be headed next. 

What started as an NFT collectible brand has turned into one of the more recognizable names in crypto, and its native PENGU token now sits at the center of a growing consumer-facing ecosystem. 

After months of grinding lower inside a falling channel, the coin is finally showing some life, with both the hourly and daily charts hinting at a possible shift in structure. 

Pudgy Penguins Liquidation Data: Shorts Take the Hit

Over the last hour and four hours, it's been eating the losses. Zoom out to 12 and 24 hours, though, and it's shorts that have taken the bigger hit. 

Source: Data taken from Coinglass

Over the past 1 hour, total liquidations stood at $15.92K, all from longs, with $0 from shorts. 

Over 4 hours, it was $16.01K total, again all long and $0 in shorts. Over 12 hours, total liquidations jumped to $73.67K, made up of $16.99K in longs and $56.68K in shorts. 

Over 24 hours, total liquidations reached $128.58K, split between $56.46K in longs and $72.12K in shorts. 

That flip matters. In the short run, longs are still getting squeezed on pullbacks. 

But the bigger windows show short sellers taking most of the damage as PENGU pushed higher, a sign the recent bounce caught bears off guard.

Pudgy Penguins Volume Heatmap: Where Is Volume Now?

Here's where PENGU trading activity is concentrated across exchanges right now. 

Source: Data taken from Coinglass

Binance is running away with PENGU volume here, doing more than double any other exchange. 

Bybit and OKX follow at a respectable distance, with BingX close behind, and that concentration on Binance means its order book carries real weight over short-term swings.

Pudgy Penguins 1-Hour Chart: Uptrend Faces a Pullback

The 1-hour chart shows PENGU riding an ascending trendline off recent lows, pulling back from a high near 0.0068582 down to the current 0.0066540. 

That pullback has landed right on the rising trendline, which is exactly where buyers would want support to hold if this uptrend still has room to run. 

Source: Chart Taken From TradingView

RSI at 44.82 and a moving average of 55.64 lean modestly bullish, though the pullback shows momentum cooling a bit after the earlier push.

This Pudgy Penguins price prediction still favors buyers as long as the price holds that rising trendline near 0.0066000. 

A bounce could send PENGU back toward 0.0068582 and then 0.0073236. Lose the trendline, though, and a deeper slide toward 0.0062744 and 0.0059111 becomes the more likely path. 

Pudgy Penguins 1-Day Chart: Breaking the Falling Channel

The daily chart tells a more encouraging story. PENGU spent months sliding inside a well-defined descending channel from May through early July, but the price has since climbed back.

Above the channel's trendline and is now consolidating just under the 0.0081462 resistance zone. 

Source: Chart Taken From TradingVIew

That reclaim is an early sign the multi-month downtrend may be losing its grip. RSI at 50.22 sits right at neutral, and the moving average of 41.14 is still recovering from the extended slide, but both are heading the right way after the bounce.

A confirmed move above 0.0081462 would open the door toward 0.0110188.

Fail to hold current levels, though, and the 0.0058616 and 0.0052735 and support zones come back into play.

Pudgy Penguins Price Prediction: Target Table

Bottom Line: Pudgy Penguins Price Prediction Today

Taken together, PENGU looks like it's at an early but genuine turning point. The daily chart shows price reclaiming its descending channel's trendline. 

After months of losses, the 1-hour chart shows an uptrend that, while pulling back, is still holding for now.

The liquidation data backs this up too, with shorts taking the bigger hit over the past 12 to 24 hours as the recovery caught bears leaning the wrong way.

For the bullish case to keep building, PENGU needs to hold its hourly trendline near 0.0066000 and eventually clear the 0.0081462 daily resistance. 

Break that trendline instead, and the coin risks slipping back toward the 0.0058616-0.0052735 zone, putting the recent recovery in doubt. 

Either way, how price behaves around these levels over the next few sessions should tell us a lot about where PENGU is really headed.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets, including Pudgy Penguins (PENGU), are highly volatile and speculative. Chart patterns, support/resistance levels, and indicators discussed here are based on historical and technical data and do not guarantee future price movements. Always do your own research and consult a licensed financial advisor before making any investment decisions.