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- PENGU faces crucial support at $0.0162.
- Failure could push the token toward $0.0130.
- A rebound above $0.0195 may signal short-term strength.
Pudgy Penguins’ native token, PENGU, is testing a crucial support level near $0.0162, leaving traders on edge. After sliding below previous lows, this zone has become a pivotal battleground that may dictate the token’s next move. Selling pressure has slightly eased, but bearish momentum remains dominant, keeping short-term traders cautious.
$PENGU has officially fully dumped lower than the black swan nuke few weeks ago. No buyers left
— BRUH 👑 (@ItsCryptoBruh) November 3, 2025
Sold my bag at 0.0275 and still replan to buy back in 0.01300 pic.twitter.com/zblBVTz39F
Weakness Persists as PENGU Faces Key Levels
PENGU recently fell beneath its prior crash wick, confirming persistent short-term weakness. The token has dropped nearly 48% from local highs, reflecting subdued buyer interest and continued seller dominance. Chart patterns show a clear descending channel, with lower highs pushing prices toward the $0.0130–$0.0140 support zone. Analysts like BRUH highlight that unless buyers step in, downward pressure could intensify, prolonging the bearish trend.
The token’s $0.0162 support aligns with strong daily and intraday levels, making it a critical marker for traders. AleksTraderX notes that reactions around this area will likely define the short-term trajectory, as hesitation among participants keeps PENGU trading in a tight horizontal range.
Recovery Signals Could Emerge if Buyers Step In
A rebound above $0.0195 could signal renewed strength and a potential shift toward a more positive trend. Technical analysts point to the $0.0165–$0.0168 base as a possible accumulation zone, where buying pressure might trigger a short-term rally toward $0.019–$0.021, coinciding with the 0.382–0.5 Fibonacci retracement levels.
Also Read: Pudgy Penguins (PENGU) Nears Breakout as Bullish Momentum Builds
While caution prevails, there is room for optimism. Historical patterns show that corrections within major ascending channels often precede rallies. Long-term analysts, including Bitcoinsensus, see the $0.017–$0.018 lower channel boundary as vital support to preserve the broader uptrend.
PENGU’s near-term direction hinges on reactions at $0.0162. Buyers reclaiming momentum could spark a recovery, while failure to hold this level may push the token deeper toward the $0.0130 support zone. Traders should watch this zone closely, as it may set the tone for the next phase in PENGU’s volatile journey.
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.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
