Buy-the-Dip or Breakdown? Pengu Consolidates Between $0.025 and $0.035
- PENGU slips 1% to $0.030 after a recent parabolic surge.
- SEC delays Canary Spot Pengu ETF approval to October 12, 2025.
- Key support at $0.025, resistance target near $0.07 short-term.
Pudgy Penguins (PENGU) is under pressure today, slipping more than 1% to trade around $0.030. Just days ago, PENGU was sitting at the top of CoinGecko’s trending charts, but momentum has cooled as experts eye the next big catalyst.
After surging nearly 400% in a matter of days, the token has slipped into a correction that has left experts debating what comes next.
Crypto analyst Ali Martinez said that PENGU’s price action is still mirroring the April–July fractal, when a similar period of sideways trading preceded a strong rally. According to Martinez, this could be setting up as a “buy-the-dip” opportunity before PENGU attempts another leg upward.
Related: Crypto Market Discount: Ethereum, Cardano and XRP Added to September Altcoin List
Why Is PENGU’s Price Dropping?
Adding to the bearish pressure is the U.S. SEC’s decision to delay its approval of the Canary Spot Pengu ETF, pushing the timeline back to October 12, 2025. The weakness …
The post Buy-the-Dip or Breakdown? Pengu Consolidates Between $0.025 and $0.035 appeared first on Coin Edition.
Buy-the-Dip or Breakdown? Pengu Consolidates Between $0.025 and $0.035
- PENGU slips 1% to $0.030 after a recent parabolic surge.
- SEC delays Canary Spot Pengu ETF approval to October 12, 2025.
- Key support at $0.025, resistance target near $0.07 short-term.
Pudgy Penguins (PENGU) is under pressure today, slipping more than 1% to trade around $0.030. Just days ago, PENGU was sitting at the top of CoinGecko’s trending charts, but momentum has cooled as experts eye the next big catalyst.
After surging nearly 400% in a matter of days, the token has slipped into a correction that has left experts debating what comes next.
Crypto analyst Ali Martinez said that PENGU’s price action is still mirroring the April–July fractal, when a similar period of sideways trading preceded a strong rally. According to Martinez, this could be setting up as a “buy-the-dip” opportunity before PENGU attempts another leg upward.
Related: Crypto Market Discount: Ethereum, Cardano and XRP Added to September Altcoin List
Why Is PENGU’s Price Dropping?
Adding to the bearish pressure is the U.S. SEC’s decision to delay its approval of the Canary Spot Pengu ETF, pushing the timeline back to October 12, 2025. The weakness …
The post Buy-the-Dip or Breakdown? Pengu Consolidates Between $0.025 and $0.035 appeared first on Coin Edition.