Pudgy Penguin price is starting October with fresh momentum. The token is up more than 11% today, trading at $0.03059, while trading volume has jumped 30%.
That renewed activity comes as Pudgy Penguins NFTs show signs of life again and rumors of new partnerships fuel retail hype.
The Pudgy Penguins NFT ecosystem is playing a key role in the token’s latest move. Sales reached $3.4 million last week, a 15% rise that outpaced blue-chip collections like Bored Ape Yacht Club.
At the same time, the collection’s floor price held steady at 14.8 ETH, which points to renewed confidence among collectors.
While NFT volumes are still down about 60% from their 2024 highs, stronger activity tends to spill over into tokens linked to the ecosystem. That’s exactly what seems to be happening with PENGU.
Adding fuel to the rally are whispers of potential brand tie-ins. Social media chatter picked up around a rumored NASCAR collaboration and ICEE-branded costumes in the Pudgy Party mobile game, set to launch later this month.
Memecoins like PENGU thrive on narrative-driven momentum, and this speculation gave traders a reason to pile in. Trading volume climbed to $406 million in 24 hours, up 28% from the day before.
What you'll learn 👉
What the PENGU Chart Is Showing
Looking at the 4H chart, PENGU price has recovered from its recent pullback and is stabilizing around the $0.030 zone. The token previously topped out above $0.046 in July before sliding into consolidation.
The current move higher suggests the market may be setting up for another attempt to break above the $0.035–$0.04 resistance band.
Support sits around $0.025, which has held multiple times over the past month. A clean push above $0.04 could open the door toward retesting the July highs.
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Market Indicators
The RSI is sitting near 59, showing momentum is building but not yet overextended. Open interest remains strong at $1.86 billion, reflecting sustained trader engagement.
Net long positions are steady at around -3.85 billion, balanced by shorts near 2.9 billion, showing no extreme bias yet.
On the MACD, bullish signals are beginning to emerge, hinting that momentum could accelerate if volume continues to rise.
PENGU Price Short-Term Outlook for October
For October, the spotlight will be on two key drivers: the Pudgy Party game launch and whether rumored partnerships get confirmed. If NFT sales stay elevated and buy pressure builds, PENGU could aim for a breakout above $0.04, with the potential to climb back toward $0.05–$0.06 levels last seen in July.
On the other hand, if NFT volumes cool or partnership speculation fizzles, PENGU price could slip back into its $0.025–$0.03 range. Traders should watch the $0.025 support closely; losing that level would risk deeper corrections.
For now, momentum is on the bulls’ side, and with October often bringing volatility and upside across the crypto market, PENGU looks well-positioned to keep riding the wave.
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