- PENGU is holding tight at $0.029, sitting on crucial support at $0.027–$0.030.
- Rising trading volume suggests steady buyer interest despite weekly losses.
- Market consolidation signals a pause, with traders waiting for the next breakout or breakdown.
PENGU’s price action is looking pretty tense right now. The token is sitting around $0.02901, clinging onto the $0.027–$0.030 zone that flipped from resistance into support earlier this year. Back in January 2025, that level was a ceiling — but after July’s rally, it’s turned into the floor everyone’s watching. If it holds, analysts say it could be the launchpad for the next leg higher.
Over the past day, PENGU dipped 1.91% and is down about 8.6% on the week. Still, trading volume has actually spiked, jumping 47% to $282.17M in 24 hours. That’s not nothing — rising volume while price stabilizes often means buyers are quietly stacking in. With a market cap at $1.82B, PENGU remains one of the more active mid-caps in the space.
Price Targets and Risks on the Horizon
Traders are mapping out clear levels here. If $0.027 holds strong, the first roadblocks are at $0.040 and $0.050. Break those, and eyes shift to the $0.060 zone — the last big high. Some bullish projections are even pointing toward $0.070 as a possible stretch target in the near term. Patterns like a cup-and-handle are being spotted too, which add to the optimistic outlook.
But, of course, it cuts both ways. If PENGU breaks down hard under $0.027, the whole bullish setup could unravel fast. In that case, the token could slip back toward $0.020. That’s why traders are glued to the chart — the next couple of sessions could decide whether this range becomes a real base or just a pause before more downside.
Open Interest and Market Sentiment
Futures data shows open interest is down 3.3% to $277.25M. That usually means traders are taking chips off the table after the last pump — locking profits or just waiting it out. The funding rate sits at 0.0052%, leaning slightly bullish but still basically neutral. Put simply: people aren’t betting big either way right now.
This kind of reset isn’t bad. It’s often just consolidation — buyers and sellers cooling off and sizing each other up before the next big move. If a fresh catalyst comes along, that’s when things could really shift. Until then, PENGU looks like it’s sitting in the calm before the storm.
