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PENGU Token's Surge and Positive On-Chain Momentum: A Tactical Guide for Short-Term Traders

PENGU Token's Surge and Positive On-Chain Momentum: A Tactical Guide for Short-Term Traders

Bitget-RWA2025/11/26 22:14
By:Bitget-RWA

- Pudgy Penguins (PENGU) token broke above $0.012, driven by whale accumulation and $1M in new liquidity. - Retail traders fueled $174M 24-hour volume, while open interest hit records, signaling speculative bets on volatility. - Technical indicators show mixed signals: bullish MACD and SMA reclaims, but bearish RSI (38.7) warns of potential pullbacks. - Market psychology remains cautious (extreme fear index), yet DreamWorks partnership and ETF rumors boost retail optimism. - Traders must monitor $0.012 sup

The (PENGU) token has recently drawn significant attention after breaking past the important $0.012 resistance mark, a level that has long served as both a psychological and technical pivot for the asset. This upward move, along with notable on-chain activity, has sparked discussion among traders about short-term prospects and the influence of market sentiment in the ever-shifting crypto environment.

On-Chain Activity: Whales and Retail Investors in Sync

, whale accumulation has ramped up, with major holders acquiring 2.9 times their usual weekly volume in tokens. This increase in large-scale buying, together with fresh wallets injecting $1 million into the asset, points to a coordinated attempt to stabilize and potentially reprice PENGU. At the same time, open interest in PENGU futures has reached an all-time high, , highlighting increased speculative activity and expectations for heightened volatility.

Retail and mid-sized traders have also renewed their participation, with trading volume

within a single day. This surge in liquidity hints at a possible reversal cycle, although -such as $66.6 million in outflows from team wallets—continue to be an unpredictable factor.

Technical Analysis: Conflicting Signals and Tactical Entry Zones

From a technical standpoint, PENGU’s price movement has shown both bullish and bearish tendencies. The token reclaimed its 7-day simple moving average ($0.01116) after bouncing back from oversold territory, while

for the first time in two weeks. These signals, , support the recent breakout above $0.012 and suggest that algorithmic buying could follow if this level is maintained.

PENGU Token's Surge and Positive On-Chain Momentum: A Tactical Guide for Short-Term Traders image 0

However,

at 38.705, indicating a disconnect between momentum and price action. that dropping below $0.012 could lead to a rapid decline toward $0.010 and $0.008, areas historically known for concentrated liquidity. On the other hand, holding above this support could push PENGU up to $0.015 or even $0.023, based on on-chain volume patterns and OBV (On-Balance Volume) metrics, which have been steadily climbing since mid-November.

Market Sentiment: Emotions and Narrative Drivers

The broader market backdrop is essential to consider. Despite PENGU’s technical strength,

at "Extreme Fear," signaling widespread caution. Still, the token’s rally has coincided with two major narrative drivers: ongoing discussions about ETF applications and a prominent partnership with DreamWorks Animation’s Kung Fu Panda franchise. These factors have fueled speculative enthusiasm, especially among retail investors interested in meme-based tokens.

Whale activity further underscores this shift in sentiment.

and reflect growing confidence in the token’s short-term outlook. Such moves often encourage additional buying from smaller participants, reinforcing the trend.

Risks and Tactical Insights

Although technical and on-chain indicators are promising, traders should remain cautious.

and EU MiCA could bring unexpected challenges, while the bearish RSI signals a risk of overextension. Additionally, PENGU is still 64% below its 90-day peak, broader market trends.

For those trading in the short term, the $0.012 mark is a critical dividing line. A confirmed move above this level could warrant aggressive long positions, but it’s wise to set stop-losses below $0.010 to limit potential losses. Conversely, a breakdown could offer contrarian opportunities for traders betting on a rebound from liquidity-rich zones.

Conclusion

PENGU’s recent rally and on-chain trends highlight a fragile balance between bullishness and caution. While whale accumulation and technical signals suggest a possible reversal, structural vulnerabilities and macroeconomic uncertainties remain significant. Traders should keep a close eye on the $0.012 level and be prepared to adapt quickly as regulatory and market sentiment evolve.

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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.

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