Overview

• Pudgy Penguins’ token is trading near $0.0339 after an 8% daily gain, extending a rebound from a multiweek consolidation.
• PENGU pushed above the $0.03217 barrier after four days of tests, with traders eyeing a move toward $0.040 if momentum holds.
• Exchange data shows long positions outweigh shorts by roughly $6.5 million to $1.35 million, with major liquidation zones near $0.03182 and $0.03442.
• Earlier support around $0.030–$0.031 remains the line to hold, while chartists flag $0.038 and $0.043 as the pivotal resistances for a larger breakout.
• On-chain flows point to whale accumulation, including Coinbase Prime-linked outflows, and some analysts propose upside scenarios toward $0.05–$0.07, with one calling $0.10 a possible target.