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

ambcryptoPubblicato 2025-11-09Pubblicato ultima volta 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

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

DAPPOSDOS

Letture associate

The Calm Before the Storm in the Bitcoin World: Two Analytics Firms Warn and Report on Critical Levels!

Two major crypto analysis firms have issued warnings about Bitcoin's current state, describing it as a period of calm before a potential storm. While Bitcoin has traded sideways between $60,000 and $65,000 for some time, both companies highlight critical price levels that could determine its next major move. Singapore-based QCP Capital notes that despite recent pressure, including geopolitical risks, high oil prices, and market uncertainty, BTC has held within its recent range, with $62,500-$63,000 forming a key lower boundary. The firm points out that Ethereum trading around $1,900 further signals low volatility and a lack of bullish sentiment. QCP states the market outlook lacks clear direction and is now focused on upcoming U.S. macroeconomic data, including the FOMC minutes, PCE inflation figures, the Jackson Hole symposium, and the next Fed meeting, which will be pivotal for BTC's breakout from this range. German analysis firm Makrovision Research observes that Bitcoin has been consolidating for weeks within a narrowing range, with resistance at $65,500 and support between $61,000-$62,000. They warn that as price compresses closer to these critical levels, a decisive breakout is imminent. A break above $65,500 could open a path toward $71,500, while a drop below $61,000 could trigger a test of new lows. The firm notes a significant drop in volatility, signaling that a sharp and significant price movement in either direction is approaching soon. *This is not investment advice.

cryptonews.ru1 min fa

The Calm Before the Storm in the Bitcoin World: Two Analytics Firms Warn and Report on Critical Levels!

cryptonews.ru1 min fa

US Repeatedly 'Violates Agreements', Iran's Hardliners Abandon Illusions about the US, Secretly Expand Military and Prepare for a 'New Round of Confrontation'

Following the signing of a US-Iran memorandum of understanding in June, US actions perceived as repeated violations have led Iran's hardliners to abandon diplomatic hopes and prioritize military preparations for a new phase of confrontation, according to intelligence reports. Iran's Revolutionary Guard has reportedly accelerated missile and drone production, deployed advisors to allied militias in Yemen, Iraq, and Lebanon, and extended operations to the Red Sea. Concurrently, Supreme Leader Ali Khamenei has reshuffled key security and military posts with staunch hardliners. Tensions have escalated with incidents including Houthi threats to block the Bab el-Mandeb Strait, Iranian missile strikes on targets in Jordan and Kuwait, and attacks on UAE vessels. While Iran announced an agreement with Oman regarding navigation in the Strait of Hormuz, it clarified this is separate from fully reopening the vital waterway to international shipping. Diplomatic efforts remain stalled as Iran's leadership shifts towards a "survival economy," viewing the current situation as a prelude to a larger conflict and preparing for prolonged confrontation.

marsbit16 min fa

US Repeatedly 'Violates Agreements', Iran's Hardliners Abandon Illusions about the US, Secretly Expand Military and Prepare for a 'New Round of Confrontation'

marsbit16 min fa

NEAR AI has implemented independent verification

NEAR AI Cloud has integrated Intel Trust Authority to provide independent verification of confidential AI computations. Clients can now receive a signed Intel attestation token confirming their tasks are executed within a secure Intel TDX environment. The platform uses Intel TDX to isolate AI workloads in protected virtual machines, with encrypted memory inaccessible to the host OS, hypervisor, or infrastructure operator. While NEAR AI already provides hardware attestation data, the new integration adds an independent verification layer from Intel. Intel Trust Authority verifies cryptographic signatures, matches the secure environment's parameters against Intel's reference values, and applies defined security policies. Following a successful check, it issues a signed JWT token as proof of attestation. This token can be used in other systems—such as key management or security platforms—to control access to protected resources like confidential data or encryption keys. It also serves as independent security validation for audits and regulatory compliance. Notable users of NEAR AI Cloud include Brave, Venice AI, Abound, the Government of Bermuda, OpenMind, and Corbits.

cryptonews.ru1 h fa

NEAR AI has implemented independent verification

cryptonews.ru1 h fa

Zebec integrates USX for generating yield

Zebec Network, a blockchain-based payroll and payments platform, has partnered with Solstice Finance, an institutional yield protocol on Solana. As part of this collaboration, the $USX stablecoin will be integrated into Zebec's payment infrastructure. This integration will allow companies to generate yield on funds pre-allocated for upcoming salary payments, which typically remain idle until payday. Employees will continue to receive their salaries via Zebec as usual. Additionally, users can receive $USX directly onto their Zebec debit card, enabling them to make purchases or withdraw funds to a crypto wallet as needed, with each $USX token valued at one US dollar. $USX is issued by Solstice Finance and is backed by hedged positions in BTC, ETH, SOL, stablecoins, and tokenized treasury bonds.

cryptonews.ru1 h fa

Zebec integrates USX for generating yield

cryptonews.ru1 h fa

Strategy Raises $334 Million from Share Sale but Does Not Buy Bitcoin

Last week, Strategy raised $333.7 million from the sale of common stock but did not purchase any Bitcoin. The company's Bitcoin holdings remained unchanged at 840,447 BTC, acquired at an average price of $75,385 per coin for a total of $63.36 billion, including fees. According to an SEC 8-K filing, the stock sales occurred through an at-the-market offering. Of the proceeds, $52.4 million was allocated for preferred stock (STRC) dividends, $132.2 million for the repurchase of those same preferred shares, and $149.1 million was added to the company's dollar reserve, which stood at $4.80 billion as of Sunday. The company did not repurchase any other preferred securities or common stock (MSTR). Shares of STRC dipped slightly in premarket trading. Strategy's dollar reserve is intended for dividend payments and servicing outstanding debt.

cryptonews.ru1 h fa

Strategy Raises $334 Million from Share Sale but Does Not Buy Bitcoin

cryptonews.ru1 h fa

Trading

Spot

Articoli Popolari

Come comprare PENGU

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Pudgy Penguins (PENGU) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente Pudgy PenguinsPENGU.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Pudgy Penguins (PENGU)Dopo aver acquistato Pudgy Penguins (PENGU), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Pudgy Penguins (PENGU)Scambia facilmente Pudgy Penguins (PENGU) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

365 Totale visualizzazioniPubblicato il 2024.12.23Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di PENGU PENGU sono presentate come di seguito.