Pudgy Penguins' Defense of the $0.00122 Support Level May Trigger a Bullish Breakout

Bitget App

Trade smarter

Bitget

News

Markets

Pudgy Penguins' Defense of the $0.00122 Support Level May Trigger a Bullish Breakout

Bitget-RWA2025/11/25 19:04

By:Bitget-RWA

- Pudgy Penguins (PENGU) trades near $0.005–$0.01 support zone amid oversold RSI (30) and declining bearish AO, signaling potential reversal. - Analysts label current price a "steal buy" due to weakening sell momentum and bullish divergence, with $0.015–$0.023 long-term targets. - Edgen+ partnership expansion drove 10% price surge and 50% volume spike to $188M, enhancing token utility via lifestyle platform integration. - Growing social media adoption and cultural visibility boost meme coin interest, thoug

Pudgy Penguins (PENGU) is at a pivotal point as its value drops into oversold levels, drawing fresh attention from both traders and market experts. The token is currently hovering around a significant support area between $0.005 and $0.01, and both technical signals and recent strategic moves indicate a possible trend reversal may be approaching. One market analyst has even described the current price as a "bargain buy,"

pointing to fading selling pressure

and increasing interest from the rapidly growing

Pudgy Penguins

community.

The RSI for

PENGU

has fallen close to 30, a threshold often linked to oversold markets, while the Awesome Oscillator (AO) is reflecting a reduction in bearish momentum,

indicating a possible momentum reversal

. These indicators are consistent with on-chain data, where price compression near support and bullish divergence on daily charts suggest a breakout could be imminent. Traders are monitoring whether buyers can maintain the $0.00122 level,

a previous turning point that has sparked rallies in the past

. If this support holds, it could pave the way for a rise toward $0.015 or higher, with some analysts eyeing $0.018 and $0.023 as future targets

based on market projections

Optimism is further fueled by Pudgy Penguins' recent partnership expansion with Edgen+. The second phase of this collaboration, revealed on November 24, brings exclusive perks to more than 250,000 PENGU holders,

expanding access to top-tier services

and incentives. This announcement led to a 10% price jump within a day, while trading volume soared by 50% to reach $188 million

according to the latest figures

. The partnership aims to weave Pudgy Penguins into a broader lifestyle and productivity ecosystem, marking a strategic shift to boost token utility and strengthen community ties

as highlighted by analysts

Market sentiment is also evolving. Pudgy Penguins' expanding cultural influence, with celebrities embracing its branding and greater exposure across social platforms, has sparked renewed interest during a period that is usually slow for meme coins

as noted by market watchers

Nonetheless, there are still risks. If the price falls below the $0.005–$0.01 support band, recovery could be postponed, leading to further consolidation.

Experts suggest using a dollar-cost-averaging approach

in this range instead of trying to catch the absolute bottom. At present, the main question is whether Pudgy Penguins can find stability and attract sustained buying interest—a challenge that may shape its short-term outlook.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Perplexity AI and PayPal launch a free AI shopping tool enabling personalized searches and direct purchases from 5,000+ merchants via PayPal integration. - The tool challenges OpenAI's paid Instant Checkout by offering fee-free transactions, though Perplexity remains silent on monetization strategies. - Niche startups like Onton and Daydream argue vertical-specific AI models trained on curated datasets outperform generic tools in fashion and home goods markets. - Legal risks emerge as Perplexity faces Am

Bitget-RWA•2025/11/25 20:30

General-Purpose AI Versus Specialized Experts: The Pivotal Showdown in E-Commerce

Bitcoin News Update: Bitcoin Drops 30% Amid ETF Withdrawals and Broader Economic Challenges

- Bitcoin fell nearly 30% from its October peak to $85,100 amid massive ETF outflows and macroeconomic pressures, with U.S. spot Bitcoin ETFs losing $3.79 billion in November alone. - BlackRock's iShares Bitcoin Trust (IBIT) led redemptions at $2.1 billion, while a stronger dollar and Fed policy uncertainty worsened selling pressure in risk-off markets. - Technical indicators show oversold conditions (RSI: 25.47), yet ARK Invest added $39 million to crypto-linked stocks, maintaining a long-term bullish sta

Bitget-RWA•2025/11/25 20:30

"Peaceful prospects push oil prices lower, yet Russia's firm position and ongoing attacks continue to unsettle markets"

- Oil prices fell sharply as U.S.-brokered peace talks between Ukraine and Russia raised hopes for lifting Western sanctions on Russian energy exports. - Zelenskiy's potential U.S. visit and revised peace plans contrast with Russia's unconfirmed acceptance and ongoing missile strikes on Kyiv. - Analysts warn of 2M bpd global oil surplus risks by 2026 if sanctions ease, with Russian oil stored in tankers threatening market rebalancing. - European gas prices dropped below €30/MWh while metals markets showed

Bitget-RWA•2025/11/25 20:30

"Peaceful prospects push oil prices lower, yet Russia's firm position and ongoing attacks continue to unsettle markets"

Zcash News Today: Regulatory-Ready Privacy Fuels Zcash's Remarkable Surge

- Zcash (ZEC) surged to top Coinbase's November 2025 search rankings, outpacing Bitcoin and XRP amid a 10-fold price spike and $10B+ valuation. - The rise stems from 2024 halving-driven scarcity, 27% shielded transaction adoption, and NU6.1 governance upgrades allocating 20% block rewards to community development. - Regulatory clarity and optional privacy features (via view keys) positioned Zcash as a compliance-friendly alternative to fully opaque coins like Monero after its 2025 exploit. - Analysts debat

Bitget-RWA•2025/11/25 20:30