PENGU rallies by 10% as NFT sales drop – Relief bounce or bull trap?

ambcryptoPubblicato 2026-02-15Pubblicato ultima volta 2026-02-15

Introduzione

Pudgy Penguins (PENGU) utility token rallied 10% in 24 hours, reaching $0.0069, despite its NFT collection seeing a 28% drop in weekly volume. The NFT floor price remained stable at 4.20 ETH. However, the long-term trend remains bearish, with key resistance levels identified at $0.0075 and $0.01. Analysis suggests the bounce may extend another 7-15%, potentially reaching $0.0074 or even $0.008, but is likely a temporary pullback before another downward move. Investors are cautioned against FOMO as the overall structure is still negative.

The Pudgy Penguins [PENGU] NFT sales have fallen in volume over the past week. According to NFT price floor data, the number of sales fell by just over 28% in a week, while the NFT’s price floor remained at 4.20 Ethereum [ETH].

This floor has hovered around 4-4.5 ETH in February so far. Meanwhile, over the last 24 hours, the platform’s utility token, PENGU, rallied by 10.06%. After posting a low of $0.0061 on Thursday, 12 February, PENGU climbed by 13.19% on the charts.

At the time of writing, it was trading at $0.0069. Its recent momentum might not lead to lasting gains due to the long-term bearish price trend.

How high can this PENGU bounce go?

The 1-day timeframe revealed that the swing structure was bearish. PENGU’s breakdown below the $0.0071 swing low from June 2025 was evidence of this. The press time bounce is likely part of a pullback.

The $0.0075 and $0.01 levels were the closest, strongest supply zones on the 1-day timeframe.

The technical indicators remained bearish. The OBV has bounced in recent days, but its longer-term downtrend meant that seller volume has been prevalent in recent weeks. The RSI was climbing towards neutral 50, but might not achieve a lasting breakout on this timeframe.

Fibonacci retracement levels yield a more precise price target

Using the H4 chart’s swing move lower in the first week of February, a set of retracement levels was plotted. They revealed that the press time PENGU price bounce was not yet over.

The move could likely reach $0.007414 – The 78.6% retracement level. A less likely scenario that traders should still be prepared for is a bounce all the way to the $0.008 local highs.

After testing these supply zones, it is likely that Pudgy Penguins‘ utility token prices would begin another bearish impulse move.

Final Summary

PENGU’s price action has been decidedly bearish in the long-term, and investors need not FOMO about the recent 10% gains.
Price bounce could extend upwards by another 7%-15% in the coming days.

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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Domande pertinenti

QWhat was the percentage change in PENGU's price over the last 24 hours, and what was its starting low?

APENGU rallied by 10.06% in the last 24 hours after posting a low of $0.0061 on Thursday, 12 February.

QAccording to the article, what happened to the sales volume of Pudgy Penguins NFTs in the past week?

AThe number of Pudgy Penguins NFT sales fell by just over 28% in the past week.

QWhat are the two closest and strongest supply zones for PENGU on the 1-day timeframe mentioned in the analysis?

AThe two closest and strongest supply zones on the 1-day timeframe are $0.0075 and $0.01.

QBased on Fibonacci retracement levels, what is the more likely price target for the current PENGU bounce?

ABased on Fibonacci retracement levels, the more likely price target for the current bounce is $0.007414, which is the 78.6% retracement level.

QWhat is the article's overall assessment of the long-term trend for PENGU's price and the nature of the recent price increase?

AThe article's overall assessment is that PENGU's long-term price trend is bearish, and the recent 10% gain is likely a relief bounce or a bull trap within that larger downtrend, not a sign of a lasting recovery.

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Trading

Spot

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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.

310 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.