PENGU price has been turning heads after a move up this week, it gained over 8% on both the daily and 4-hour charts.
The token is now running up against a resistance zone between $0.0175 and $0.020, and traders are waiting to see if it will break through or if a pullback is in the cards.
Momentum has unquestionably shifted. After months of sideways action and a long downtrend that started earlier this year, PENGU price finally broke above a key descending trendline in late June.
That breakout sparked a rally, and now the big question is whether the momentum can carry the price into the next leg higher.
What you'll learn 👉
PENGU Trend Breakout Kicks Off Bullish Momentum
Looking at the daily chart, PENGU price had been stuck in a downtrend for most of 2025. That changed near the end of June, when it burst from a downtrend pattern with force.
The price has been increasing steadily ever since, aided by increasing volume and consecutive green candles. The token is now trading above its 200-day moving average, which could be an indication that a longer-term trend reversal is imminent.
But the real test lies just ahead: if Pudgy Penguins can push above the $0.020 zone, the rally could continue.
PENGU 4-Hour Chart Shows Steady Climb, But Resistance Nears
Zooming in, the 4-hour chart paints a clear picture of an uptrend. PENGU price has been riding a rising trendline since around June 27, consistently printing higher highs and higher lows.
It’s also holding well above the 200-period SMA at $0.0107, which confirms short-term momentum is still in favor of the bulls.
But the price is now bumping up against that red resistance zone. If buyers can break through $0.019 with volume, the next possible targets sit around $0.022–$0.024. If not, we may see some sideways action or a pullback.
RSI Signals Strength, But Also Some Caution
The Relative Strength Index (RSI) on both PENGU charts is in overbought territory, 75.56 on the daily and 70.81 on the 4-hour. That’s good, but it also means things might be a bit overheated in the short term.
There’s a bearish divergence on the 4-hour chart, price made higher highs but RSI made lower highs. That’s usually an early warning sign that momentum may be weakening, even if price is still rising
What to Watch Next
Should PENGU price not break through resistance, support levels at $0.012–$0.013 or even as low as $0.010 could be triggered.
Those markets have done well in the past; they could sell again if the market cools off.For now, the structure is still bullish, but this resistance test could be a make-or-break moment.
Traders will be watching closely to see if this rally has more fuel, or if it’s time to take a breather.
Read Also: Here’s Why the Crypto Market Is Up: Bitcoin Hits All Time High Amid Ethereum Breakout
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