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- PENGU shows resilience despite market pullback.
- Analysts predict a potential 26% rally if key levels hold.
- Liquidity zones and on-chain activity will influence short-term trend.
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Despite last week’s sharp market drop following post-Fed news, Pudgy Penguins (PENGU) has remained relatively steady. At the time of writing, PENGU was down roughly 1% on the day, with trading volume slipping 3%. The memecoin’s market capitalization continues to hover just below $2 billion, prompting analysts to watch for signs of a repeat rally similar to the July–August surge.
Renewed market interest, particularly from PENGU’s recent expansion into Asia, has fueled optimism among traders. The meme token’s performance has caught attention, with some predicting a potential rebound if key technical levels hold.
Will PENGU Repeat Last Month’s Rally?
According to Ali Charts on X (formerly Twitter), PENGU may be setting up for a significant rally. Last month, the memecoin surged over 417%, climbing from $0.009 to $0.037. Analysts noted that PENGU’s recent consolidation mirrored its April–July fractal, which historically preceded major buy-the-dip opportunities.
$PENGU continues to mirror the April–July fractal, where a similar consolidation preceded a buy-the-dip opportunity before another leg up! pic.twitter.com/wLIGVOIfxj
— Ali (@ali_charts) August 27, 2025
Further analysis indicates a potential 26% rally based on historical price triggers following events like the Jackson Hole Symposium. However, before another surge materializes, PENGU could face a final bearish dip. The Chande Momentum Oscillator shows only moderate strength, signaling that any upcoming rally may be smaller unless the price breaks above the neckline of the forming double bottom pattern.
Liquidity Zones and On-Chain Activity
Most long positions below PENGU’s current price were wiped out in the previous rally, while short positions that had been aiming to profit were closed. Now, the token is targeting the liquidity concentrated between $0.031 and $0.032—a zone where millions in PENGU are placed, making it a potential price magnet. A short squeeze in this zone could trigger the projected 26% rally, while failure could lead to a minor retest.
On-chain metrics further support cautious optimism. Transactions per hour remain strong but have yet to surpass recent peaks, while sentiment readings show a bullish value of 0.37. However, with 29% of PENGU locked, a sudden increase in circulating supply could spark short-term sell-offs.
Short-Term Trend in Focus
Pudgy Penguins remains resilient amid market fluctuations, with multiple indicators pointing to a potential upward move. Traders and investors will need to closely watch liquidity zones, momentum strength, and chain activity to gauge whether PENGU can repeat its previous rally. The next few sessions are likely to be critical for the memecoin’s short-term trajectory.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Pudgy Penguins Price Falls 9% on $70M Outflow — Bullish Rebound Signals Ahead
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