PENGU Records 4.96% Daily Gain at $0.03090 as TD Sequential Signals a Buy Zone

• PENGU climbed 4.96% to $0.03090, peaking at $0.0322 before a mild pullback.
• Trading volume reached $485.98 million, with the market cap rising to $1.94 billion.
• TD Sequential marked a reversal signal, setting resistance at $0.033000–$0.035000.

Once on the list of top gainers, PENGU, the native token of the Pudgy Penguins ecosystem, a Web3 project known for being unique and charming penguin-themed NFTs, has hinted at another pattern in its price action. According to the available market data, an observation by a market analyst has pointed to the establishment of a buy signal.

PENGU Climbs 4.96% to $0.03090

At the moment of the writing of this article, PENGU is priced at $0.03090 and has experienced a positive improvement in price today of 4.96%. The price started at around $0.0301 and momentarily dropped to under $0.0300 in the afternoon but soon began moving in the reverse direction. Following the decline, the token started gaining steadily throughout evening trading, reaching above $0.0310 and maintaining the impulse into overnight trading.

By early morning, PENGU reached its peak near $0.0322, marking the highest point in the observed period. Following this rise, a gradual pullback occurred, though the token remained supported above $0.0309. Midday fluctuations showed minor retracements, yet the price held gains relative to the session’s opening levels.

Trading volume totaled $485.98 million, while market capitalization increased to $1.94 billion, in line with the price performance. Overall, PENGU displayed a strong upward trajectory, moving from early lows to close higher, sustaining its position above $0.0309 by the end of the session.

PENGU Signals More Reversal After TD Sequential

According to Ali Charts’ observation, PENGU shows consecutive downward sessions followed by a potential reversal signal. After trading near $0.037000 earlier in August, the token declined steadily, forming large bearish candles that pushed the price toward $0.030000. On August 19, the asset closed below $0.031000 with heavy downward pressure, but the next session recorded a small recovery candle.

The current daily session opened at $0.029540 and moved between $0.028934 and $0.030448 before settling at $0.030243. This move produced a gain of +2.38% and kept the price above the recent local low. The TD Sequential indicator counts on the recent candle, which historically aligns with exhaustion of prevailing trends. 

Following this signal, the market registered an upward arrow, indicating that conditions are aligned for a potential rebound phase. Price remains in a narrow consolidation zone after the latest decline, but the completion of the indicator sequence signals a possible shift in short-term momentum. If buying pressure sustains, PENGU could attempt recovery toward resistance levels in the $0.033000–$0.035000 range after establishing support near $0.029000.