After falling sharply final week, PENGU is now on the upward push all once more and has recorded a 13% develop better in the final 24 hours. Furthermore, it has won 80% for the rationale that $0.014 low (on CoinGecko) marked for the length of the market-huge shatter.
Channel Strengthen Stays Intact
In step with a weekly chart shared by Ali Martinez, PENGU is unexcited holding internal a descending channel that has been in voice since July. Basically the latest drop triggered a lengthy wick below the advance, however the candle closed relieve internal the channel. The asset is now drawing advance $0.026, with strengthen viewed at $0.023.
What took place on Friday used to be far from traditional. Some call it a unlit swan; others call it outrageous manipulation.
Most charts now show cover insane wicks to the downside, however strip out the noise and you’ll look $PENGU holding building.
If $0.023 holds, a breakout to $0.13 is in play. pic.twitter.com/eQlbH0IzRU
— Ali (@ali_charts) October 13, 2025
In the intervening time, the analyst stated Friday’s drop used to be “far from traditional” and described by some as a “unlit swan” match. Despite the interesting poke, the value building remains loyal. If strengthen holds, a transfer toward $0.13 is unexcited imaginable basically based mostly entirely on the channel’s breakout projection.
A separate evaluation from CryptoPulse sides to a bullish flag on the day-to-day chart. After dipping open air the formation, the asset snappy returned internal. This capacity the pattern will possess to unexcited be in play. The next upside zone is projected shut to $0.032 to $0.034.
Particularly, the setup relies on the value closing above the decrease trendline. CryptoPulse smartly-known that a drop below this line could maybe maybe shift the outlook, with $0.017 as the subsequent strengthen to show screen. For now, elevated lows proceed to indulge in alongside the strengthen stage.
Momentum Indicators Flip Positive
Non permanent indicators are showing signs of restoration. The Bollinger Bands on the 4-hour chart show cover the value rebounding above the center band, with resistance shut to $0.0296. The MACD line has crossed above the signal line, and the histogram is relieve in certain territory, showing early momentum in settle on of buyers.
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Market recordsdata shows a shift in trader positioning. The lengthy/quick ratio for PENGU has climbed from below 0.80 on October 10 to above 1.10 by October 12. Purchase volume is outpacing promote volume, pointing to elevated bullish sentiment amongst contributors.
In fact, the construction suggests increasing self assurance in a imaginable breakout if strengthen ranges are revered.
