Pudgy Penguins (PENGU ) price prediction: PENGU Enters Short-Term Rebound Phase
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PENGU reclaimed its 20-day EMA as buyers defended the $0.00560 support and the crypto token traded around $0.00665, up 1.4% in 24 hours and nearly 8% over the week. With a market cap near $418 million and 63 billion circulating supply, resistance at $0.00661 will determine if the short-term rebound extends, while open interest and spot flows signal cautious optimism despite a broader bearish trend.
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- PENGU reclaimed its 20-day EMA as buyers defended the key $0.00560 support zone.
- Resistance near $0.00661 now determines whether the recovery can extend further.
- Open interest and spot flows show cautious optimism despite the broader downtrend.
Pudgy Penguins’ native token, PENGU, extended its weekly recovery as buyers attempted to build momentum above key technical levels. Although the token remains trapped in a broader bearish trend, recent price action suggests that demand has started returning after weeks of persistent selling.
PENGU Reclaims Key Technical Levels
PENGU traded around $0.00665 after gaining 1.40% over the past 24 hours and nearly 8% during the previous week. The token now carries a market capitalization of roughly $418 million, supported by a circulating supply of 63 billion tokens.
The daily chart shows buyers defending the $0.00560-$0.0…
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