PENGU Price Forecast: Will It Climb Past $0.047 or Retreat to $0.028?

• PENGU technical indicators signal weakness: RSI at 43.57 shows fading buying power, while MACD confirms bearish crossover.
• The coin’s price hovers below the 9-day EMA ($0.03302) and tests lower Bollinger Band support at $0.02857.
• Resistance is capped at $0.034–$0.035; a breakout could target $0.040 and $0.047, while downside support remains at $0.028.

Pudgy Penguins (PENGU) is moving under bearish pressure, mirroring the broader market and uncertainty in the crypto sphere. Its price over the last 24 hours is down by 0.97%, and over the last week it is also down by 8.86%.

At the time of writing, PENGU is trading at $0.03072 with a 24-hour trading volume of $310.99 million, down by 36.8% over the last 24 hours. The coin has a market capitalization of $1.92 billion, which is showing stability.