PENGU Price Crashes After August Peak, Bears Stay in Control
PENGU, the native token of Pudgy Penguins, is regarded as a memecoin. Since August, the token has been steadily declining. At that time, the price was $0.032, but at the time of publication, it was $0.008646. Even in the memecoin industry, this 73.5% decline in just five months is pretty serious. The ability of PENGU bulls to rally and buck this trend is therefore questioned.
Is PENGU Setting Up for Another Run or More Downside?
Memecoins always receive a second run, as noted by a Crypto Twitter user. For this argument, Pippin was used as an example. But in the upcoming weeks, there’s no assurance that PENGU will reach fresh all-time highs.
PENGU was flowing out of exchanges, according to on-chain statistics. Holders’ accumulation as they transferred their tokens off exchanges and probably into cold storage was reflected in the negative net position change. Although the flows were negative, they were not as significant as they were in May and June of 2025. Furthermore, the October outflows had no effect on the sharp drop in price. Therefore, to determine where the next turning point might be, one must pay attention to the long-term price chart. When PENGU fell below $0.0099 on December 15, the D3 chart displayed a bearish structural break (orange).
PENGU Breakdown Opens Door to Fresh Short Opportunities
In the near future, a positive comeback does not appear to be very likely. In recent days, the $0.009 support—which was significant in June—has been broken. The OBV had minimal purchasing pressure and was steadily declining. PENGU prices would probably keep declining in the absence of any resistance. A drop to the March and April supports of $0.0054 and $0.0039 seemed feasible in the upcoming weeks. The $0.00855 was a support level to keep an eye on in the near future. A retest of the resistance level can present a shorting opportunity if it is lost to the bears.
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