Pudgy Penguins’ PENGU Holds $0.031 Support After 20% Weekly Rally
Coinbase Prime outflows point to renewed whale accumulation at the key $0.030–$0.031 base.
Overview
- PENGU trades near $0.031 with a market capitalization just under $2 billion after a double-digit weekly gain.
- Immediate resistance sits around $0.038 and $0.043, with a breakout viewed as a path to revisit higher ranges.
- Chart watchers describe a constructive setup featuring higher lows and Fibonacci or bull‑flag alignment.
- On‑chain observers report large transfers from Coinbase Prime and net exchange outflows that suggest reduced sell pressure.
- Projection ranges commonly cite $0.05–$0.07 if momentum and support persist, while one analyst speculates on a $0.10 move based on a repeating fractal.