- PENGU price stands at $0.03024, marking a 2.9% gain in the past 24 hours.
- The token’s current support is $0.02854, while resistance remains firm at $0.03088.
- Chart structure shows consolidation with contracting movement, highlighting tighter conditions around key levels.
Pudgy Penguins’ token PENGU continued to trade within a narrow range holding steady despite recent market swings. Lastly , the price of the token was recorded at $0.03024, representing a 2.9% growth over the last 24 hours . Trading data also indicate that PENGU is worth 0.062731 BTC, equivalent to a 2.4% increase over Bitcoin.Market participants remain focused on the immediate boundaries defined by short-term support and resistance levels.
Price Range and Key Levels
The token has continued to oscillate within its support zone of 0.02854 and resistance point of 0.03088. This narrow band has helped in containing volatility and setting out clear guides to buying and selling. Notably, repeated defense of the support level suggests stability on the lower end. At the same time, the upper range continues to cap advances, showing that supply has remained present near resistance.
PENGU Price Holds Support as Consolidation Pattern Emerges on Daily Chart
Over the last day, PENGU maintained steady upward momentum, with the 24-hour range reflecting contained price action. Price briefly tested resistance but retreated back toward the center of the corridor, showing hesitation from both sides. However, the ability to remain above support highlights consistent demand in the current structure.
Market activity in this band has kept liquidity concentrated, and daily closes within this region underline the importance of these boundaries.
Chart observations highlight a downward sloping consolidation phase, marked by contracting price movement inside trendlines. This pattern has emerged after an earlier advance, forming a recognizable structure on the daily timeframe. Importantly, the market has continued to respect the support area despite repeated approaches.
The chart compression is the result of squeezing conditions, with short-term participants waiting for direction confirmation. The resistance at $0.03088 and support at $0.02854 remain the most relevant levels to traders who are monitoring near-term action.
