The PENGU price is among top crypto gainers, not only today, but for the whole past week. It exploded over 150% and is now trading around $0.01325.
But, what’s driving this pump? Popular analyst ‘Altcoin Sherpa’ weighed in on the situation around PENGU.
PENGU has made a strong bullish breakout on the daily chart after a long period of sideways movement. The price was stuck between $0.0060 and $0.0080 for weeks before finally breaking out with huge volume behind it.
Recent candles show large-bodied bullish patterns with minimal upper wicks, indicating buyers are closing at or near daily highs. This pattern suggests aggressive buying pressure rather than speculative activity.
Volume has exploded over the last 4-5 days, with the biggest volume bars matching the large bullish candles. This confirms the breakout is supported by genuine buyer interest rather than being a temporary pump.
What you'll learn 👉
Key PENGU Price Levels to Watch
Support for PENGU now sits at several key levels. The $0.0106 mark represents the recent breakout level and serves as the first support. Below that, $0.0092 is the previous consolidation resistance that has flipped into support. If a deeper pullback happens, $0.0077 (the old range top) would be a major support zone.
Looking upward, resistance zones include $0.0193, which historically served as a support area during February’s sell-off. Beyond that, $0.0228 represents another major resistance level from the previous distribution phase.
The trend has clearly turned bullish, with PENGU consistently printing higher highs and higher lows. The breakouts have been clean, not messy or filled with wicks, suggesting buyers remain firmly in control of price action.
The face of crypto. https://t.co/eYBMuKBrIK
— Pudgy Penguins (@pudgypenguins) April 27, 2025
After such a big move, a pullback would be normal and healthy. The bullish structure remains intact as long as PENGU holds above the $0.0106 or $0.0092 levels.
Analyst’s Perspective – PENGU Price Rally to Continue?
In a recent tweet, Altcoin Sherpa mentioned buying PENGU but expressed regret about not taking a larger position: “bought $PENGU this afternoon but pissed I didn’t size harder into it. This could double and still not sniff ATH, prob will continue.”
This statement highlights that even if PENGU doubles from its current price, it would still be far from its previous all-time highs. The analyst’s tone conveys strong bullish sentiment and confidence in continued upward movement, suggesting the risk/reward remains attractive even after the substantial daily moves we’ve seen.
The combination of technical breakout on high volume and positive sentiment from experienced traders suggests PENGU’s rally may have more room to run. The next major targets based on horizontal resistance levels are $0.0193 and $0.0228.
As with any significant price movement, traders should remember that pullbacks to support levels at $0.0106 or $0.0092 would be expected and wouldn’t necessarily signal a trend reversal unless those levels fail to hold.
Read also: Ripple’s $1.25B Power Move: How Hidden Road Could Turn XRP Into a Wall Street Giant
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Read our recent crypto market updates, news, and technical analysis here.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
