Pudgy Penguins (PENGU) Price Prediction: Downtrend Persists as Buyers Defend Critical Support

PENGU is currently trading near $0.031 and, despite small fluctuations, the overall trend is still pointing downward. After hitting a new all-time high in July, the price has been losing momentum gradually rather than crashing sharply. This shows that sellers are in control but not aggressively so. At the moment, the price is resting above an important support area where buyers have previously stepped in to stop further decline. If they manage to defend this level again, PENGU could attempt a rebound. If not, the market may continue lower. To get a clearer idea of what comes next, let’s take a closer look at the recent price action on the charts.

Our PENGU Price Prediction Summary

• The $0.028 support is still the key zone to watch. If it holds, PENGU could bounce. If it fails, the price may slide toward $0.025.
• Selling pressure is still stronger than buying interest, and the weak volume confirms that demand is fading.
• A clear move above $0.033 would be the first sign that buyers are ready to shift momentum.

Analyzing the PENGU Charts

Daily Chart Still Shows a Clear Downtrend

On the 1-day timeframe, PENGU is clearly forming lower highs and lower lows, which confirms that the market is still in a downtrend. The chart also shows a strong support zone between $0.028 and $0.029. However, this level weakens with every retest as buyers lose strength. Even though it has held so far, the next retest could invite stronger selling pressure. If sellers manage to break below this zone, the price may extend its drop toward the next immediate support near $0.025.

Upside Scenario Depends on Flipping Resistance

For the trend to shift in favor of the bulls, the price must break above the current resistance at $0.033 and form a higher high. That would signal a potential change in momentum. However, the current lack of trading volume makes this scenario less likely, which is why our PENGU price prediction remains on the bearish side for now. If PENGU does manage to flip this resistance into support, buyers could start regaining control and target the $0.040 level to further confirm a reversal.

Weekly Pattern Stays Valid Only if Support Holds

Zooming out to the 1-week timeframe, there is a potential Cup and Handle pattern developing. This structure will only stay valid if the price continues to hold above the $0.028 support zone. A successful defense of this level could provide the bullish momentum needed for a reversal, which may also reflect on the 1-day timeframe. However, the strength of this support is weakening, and the chances of it holding are starting to fade.

Final Takeaway: What is Next for PENGU?

PENGU is still struggling to escape its downtrend, and the key support at $0.028 remains the deciding factor for what happens next. As long as this level holds, there is still a possibility for a rebound, especially if the Cup and Handle setup on the weekly chart stays valid. However, the declining volume and repeated retests of support suggest that sellers currently have the upper hand. Our PENGU price prediction stays cautious for now. A clean break below $0.028 would likely trigger another leg down toward $0.025, while a strong bounce followed by a move above $0.033 would be the first real sign of recovery. Until one of these scenarios plays out, PENGU remains in a wait-and-see phase, with short-term direction depending entirely on how price reacts to its support and resistance zones.