Can a 13% rally pull PENGU out of its two-week slump?

ambcryptoPublicado a 2025-11-09Actualizado a 2025-11-10

Key Takeaways

Why has PENGU rallied today?

A market-wide rebound lifted Bitcoin by 4.3%, while PENGU surged 12.8% alongside stronger altcoin momentum.

Is this recent move sustainable?

Sustained buying volume and improving sentiment are key for PENGU bulls to maintain gains. The $0.016 zone remains critical in the short term.

Over the past 24 hours, Bitcoin [BTC] rallied from $101.7k to $106.1k, a 4.3% move.

This Bitcoin impetus has given altcoins some short-term upward momentum as well. The altcoin market cap, excluding Ethereum [ETH], rose by 3.74%, or $35.3 billion.

Pudgy Penguins [PENGU] was one of the popular memecoins that benefited from the recent bullish momentum. The official coin of the Pudgy Punguins NFT collection, this memecoin rallied by 12.8% over the past 24 hours.

Additionally, its daily trading volume jumped by 33% to $202 million, according to CoinMarketCap data.

Is this the start of a trend reversal?

Pudgy Penguins begin to make a comeback

Source: PENGU/USDT on TradingView

In a recent report, AMBCrypto noted the memecoin’s bearish structure and trend over the past few weeks. And now, almost two weeks later, the bearish trend remained in place.

PENGU has dropped by 28.5% from the 27th of October, falling below the 78.6% Fibonacci retracement level at $0.016.

This decline was accompanied by an imbalance (white) posted at the $0.016 area, reinforcing the strength of the resistance immediately overhead.

Both the OBV and MACD indicators show limited recovery. The former has trended lower for a month, and MACD lines remain close, signaling weak momentum.

To flip the bias bullish on higher timeframes, PENGU must reclaim the $0.023 region as support.

Short-term momentum favors buyers

Source: PENGU/USDT on TradingView

On the 1-hour chart, a bullish bias appeared reasonable.

The internal and swing structures were bullish, and the local highs at $0.0162 were being tested.

In fact, the OBV reflected increased buying pressure since the 4th of November, and the MACD signaled strong bullish momentum.

Given the importance of the $0.016-$0.017 area on the higher timeframes, PENGU traders can wait for a move beyond $0.017 and a retracement to $0.016 to go long.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

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Cómo comprar PENGU

¡Bienvenido a HTX.com! Hemos hecho que comprar Pudgy Penguins (PENGU) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Pudgy Penguins (PENGU) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Pudgy Penguins (PENGU)Después de comprar tu Pudgy Penguins (PENGU), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Pudgy Penguins (PENGU)Tradear fácilmente con Pudgy Penguins (PENGU) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

271 Vistas totalesPublicado en 2024.12.23Actualizado en 2025.03.21

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Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de PENGU (PENGU).