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- PENGU trades at $0.03197 after 17% weekly gain.
- Critical resistance lies at $0.0376; breakout could lead to $0.10.
- Support at $0.03101 and $0.03398 key for short-term momentum.
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Pudgy Penguins (PENGU) is showing renewed bullish momentum after stabilizing near crucial support levels. Currently trading at $0.03197, the token has surged 17.1% in the past week, signaling growing market interest and buying strength. Analysts suggest that this momentum could set the stage for a significant breakout if PENGU can overcome its immediate resistance.
Strong Support Levels Sustain Short-Term Momentum
The token’s price has consistently bounced off the bottom of its trading channel, maintaining a crucial support at $0.03101. This stability has allowed buyers to remain active near the lower range of $0.031, while the token has tested the midpoint resistance around $0.036 multiple times on the 12-hour chart. These repeated rejections highlight the importance of the $0.036 zone as a pivot point for short-term traders.
$PENGU is bouncing off the bottom of the channel, eyeing the top at $0.044. pic.twitter.com/gNeT16iqLR
— Ali (@ali_charts) October 7, 2025
Immediate resistance lies at $0.03398, which the market needs to hold above for continued upward momentum. Any sustained movement above this level could encourage more buying pressure, bringing PENGU closer to its next technical barrier at $0.0376.
Eye on the Breakout Zone
Traders are closely watching PENGU’s potential breakout. A climb above $0.0376 could open the path toward the upper trading limit of $0.044 and reinforce bullish sentiment. Analysts suggest that surpassing this resistance may create a more resilient technical structure, giving bulls the confidence to push toward higher targets.
Also Read: Pudgy Penguins’ PENGU Price Jumps 12% as Holder Accumulation Hits 86%
According to CryptoFaibik, the next projected technical target could reach $0.10 once the breakout is confirmed. Until then, the token is likely to consolidate within its current trading range, with short-term movements largely dependent on the ability of buyers to maintain support levels at $0.03398 and $0.03101.
Pudgy Penguins is showing promising signs of recovery after recent corrections. While the market remains in a consolidation phase, breaking above the $0.0376 resistance is key to sustaining bullish momentum. Traders should watch support levels closely, as they will determine the token’s ability to reach higher targets in the coming weeks.
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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.
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!
