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Key Takeaways:
- PENGU maintains strength above its breakout zone, supported by $1.08M in spot market inflows
- Social metrics and trading volume are surging, signaling rising retail and trader interest.
- A move toward the $0.044 Fibonacci target is achievable, provided bullish momentum persists and funding pressures ease.
Pudgy Penguins [PENGU] is making headlines again as it maintains its position above a key ascending triangle breakout zone—suggesting strength in its market structure. With consistent retests and successful defense of trendline support, bulls appear poised to push the meme coin higher.
As multiple technical and sentiment indicators flip bullish, eyes are now on the projected Fibonacci extension target of $0.044.
Spot Market Inflows Signal Accumulation Phase
At press time, PENGU recorded net spot inflows of $1.08 million—marking a significant departure from the relatively muted flows observed in recent weeks. This sharp spike may signal the beginning of a larger accumulation phase, especially if daily inflows stay above the $1 million level.
Historically, such capital movement precedes sustained rallies, as increased demand from investors fuels bullish continuation patterns.
Social Metrics Reignite as Community Interest Returns
After weeks of declining engagement, Pudgy Penguins is once again catching the attention of retail traders. Social dominance has rebounded from 0.18% to 0.30%, while overall social volume is steadily rising. This resurgence hints at renewed community enthusiasm, often a precursor to strong price action in trending assets.
Retail chatter tends to follow or drive breakouts, especially when coupled with strong technical indicators—putting PENGU in a favorable position for further upside.
Trading Volume Enters “Heating” Phase Across Exchanges
Volume bubble maps reveal that PENGU’s spot trading activity has entered a “Heating” phase. This signals higher participation and momentum, which are crucial in sustaining upward price action.
If this volume trend continues while PENGU holds above structural support, it may validate bullish setups and drive a move towards the $0.044 Fibonacci level.
Traders should watch for volume surges aligned with bullish candles to confirm trend strength.
Interestingly, while the funding rate remains negative at -0.0189%, the long/short ratio has climbed to 1.033. Long positions now slightly outpace shorts at 50.83%, indicating bullish conviction.
Also Read: PENGU Token Surges 48% on ETF Filing and Whale Buys — Bullish Trend or Pullback Ahead?
This divergence—bullish positioning amid unfavorable funding—suggests that buyers are willing to pay to stay long, reflecting strong belief in a further breakout. If funding normalizes and the long bias persists, upward momentum could accelerate.
PENGU is showing signs of renewed strength across technical, on-chain, and sentiment metrics. Sustained spot inflows, increasing social attention, and rising trading volume all reinforce the bullish outlook. If these trends hold, the breakout structure may remain intact—paving the way for a realistic move toward the $0.044 Fibonacci extension.
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 a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
