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1h ago

Pudgy Penguins’ PENGU Falls 9% to About $0.031 With Bull‑Flag Setup in Focus

Attention turns to a 4‑hour bull flag with $0.030 acting as the near‑term line in the sand.

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Overview

  • PENGU trades near $0.031 after a roughly 9% daily decline, according to market reports.
  • Analyst Ali Martinez highlights a 4‑hour bull flag and suggests a potential move toward $0.10, framing it as a possible continuation pattern rather than a certainty.
  • Key levels cited include $0.030 as support within a broader $0.025–$0.030 demand zone, with risk to $0.025 if it breaks and resistance around $0.0403 then $0.046 on a breakout.
  • CoinMarketCap data show PENGU down about 25% over the past month, implying more than $700 million in market‑cap losses.
  • Technical readings are mixed, with a neutral RSI and a bearish MACD histogram that some analysts say could turn if momentum improves, while brand and NFT activity remain active with weekly NFT sales reported at $9.65 million and an OpenSea floor near 10.53 ETH.