The recent price action of PENGU is sending strong bullish signals

The recent price action of PENGU is sending strong bullish signals, and technical indicators suggest another upward move

The recent price action of PENGU is sending strong bullish signals, and technical indicators suggest another upward move if the token can decisively flip the $0.018 resistance. A deep analysis of the 1D chart reveals a key reversal pattern backed by momentum indicators and Fibonacci retracement levels.

$PENGU is looking really good after the SuperTrend indicator turned bullish! If it breaks $0.018, the next Fib level at $0.025 will become a magnet.

The SuperTrend indicator, known for its ability to track trend shifts in volatile markets, has recently flipped bullish. Historically, such a flip from red to green on the daily timeframe has preceded powerful rallies. This time, the bullish signal emerged right as PENGU cleared the 0.618 fib retracement level ($0.0097). It served as resistance for several weeks before turning into strong support.

PENGU has confirmed a breakout above the 0.5 fib level at $0.0131, consolidating above this zone with higher lows and healthy volume. Currently trading around $0.0145, the token appears to be building strength just beneath the psychological and technical resistance at $0.018, which coincides with a key structural ceiling.

Breakout Ahead for PENGU

Should PENGU push through this level with traders will likely target the 0.236 fib level at $0.025. This aligns with previous liquidity clusters observed in early February. The price region may act as a magnet given how swiftly PENGU has rallied from its April lows of $0.0037, presenting nearly a 4x surge in under six weeks.

The buy signal on the SuperTrend flipped precisely at PENGU's bottom, showcasing the technical cleanliness of this reversal. The trend channel, depicted by the grey band on the chart, demonstrates a classic shift from bearish compression to bullish expansion. The candles are now consistently closing above the trend band, indicating sustained buyer interest and decreasing volatility. This combination, especially with a tightening range, is often a precursor to a breakout.

Momentum is on PENGU's side. If price breaks and sustains above $0.018, then according to Fibonacci theory and current trend dynamics, $0.025 emerges as the next logical target, with minimal historical resistance anticipated between these zones. This technical setup, when combined with strengthening fundamentals, makes PENGU a prime candidate for a near-term breakout.

Pudgy Penguins Expands IP With New Game Launch on TON

As technical excitement builds around PENGU, the Pudgy Penguins brand is also making waves. Recently, Pudgy Penguins announced the launch of Pengu Clash, a dynamic multiplayer game debuting on the TON blockchain.

This new title leverages the Pudgy Penguins’ billion-strong Telegram community and brings fans into a universe of interactive mini-games. Fans can play Darts, Football, and Bomber while collecting coins to unlock new cosmetic items for their Pengu teams. They can participate in tournaments and, importantly, earn tokens based solely on skill in the new Play2Win model.

Created with Elympics, a cutting-edge web3 multiplayer framework, Pengu Clash aims to set a new standard in accessible, fair blockchain gaming. Expect great onboarding, rapidly deployable cosmetics, and a focus on replayability to draw both hardcore gamers and NFT fans deeper into the Pudgy ecosystem.