PENGU surged 12% to $0.030 after breaking out of a falling channel, signaling weakening seller control.
On-chain data shows a Holder Accumulation Ratio of 86.14%, indicating overwhelming buying activity.
If PENGU closes above key EMAs, it could hit $0.047; failure to sustain momentum risks consolidation.
Pudgy Penguins’ native token, PENGU, is showing signs of life again. After a prolonged slump, the cryptocurrency has surged by over 12% today, climbing to $0.030 at the time of this press release.
However, PENGU remains 46% below its all-time high, indicating that the road to recovery is far from complete.
Yet, the latest bounce suggests bullish momentum is returning, and the token could be primed for further upside.
Pudgy Penguins Sees Bullish Reversal
On the 4-hour chart, PENGU’s price has broken above a falling channel. Falling channels typically form during extended downtrends, where sellers consistently push prices lower while buyers fail to defend higher levels.
Breaking above this channel signals a shift in momentum, indicating that selling pressure is weakening while buyers regain control.
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However, if the token fails to sustain above the channel, the move risks becoming a fakeout. In that scenario, PENGU’s price could slip into a consolidation phase, delaying a meaningful recovery.
Accumulation Strengthens
From an on-chain perspective, PENGU is flashing a bullish signal. The Holder Accumulation Ratio has surged to 86.14%, showing that the vast majority of active participants are adding to their balances rather than reducing them.
A reading above 50% reflects net accumulation; the higher the ratio, the stronger the signal of growing conviction.
At the current level of 86%, the ratio points to overwhelming accumulation — a sign that confidence in PENGU is building and that many traders expect higher prices ahead.
If this accumulation trend persists, it could provide the fuel for PENGU’s price to validate the next breakout.
PENGU Price Prediction: Primed for Rally
Like the 4-hour setup, the daily chart also paints a bullish picture for the PENGU token. At press time, the altcoin has risen above the upper trendline, signaling that buyers are gaining traction after weeks of downward pressure.
A closer look reveals that PENGU’s price is testing critical Exponential Moving Averages (EMAs) — specifically the 20-day EMA (blue) and the 50-day EMA (yellow).
If PENGU manages to secure a daily close above these EMAs, it could solidify bullish momentum. A successful breakout could drive the price toward $0038.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
