PENGU Price Hits $0.011 – Is $0.015 Next?
PENGU Price– Pudgy Penguins (PENGU) surged by 11.65% in the past 24 hours, trading at $0.01142 at the time of writing, according to CoinMarketCap. Trading volume spiked by 147.62%, reaching $128.85 million, while the market cap hit $717.89 million, supported by a circulating supply of 62.86 billion tokens.
Technical Overview: Key Levels to Watch
The token recently bounced off the $0.0097–$0.01 support zone and pushed past the resistance near $0.0110. Analysts suggest that maintaining levels above this point could open the door toward the $0.015 resistance area.
A break and hold above the high at around $0.0110 may bring the price up to the $0.015 zone.
However, if Pudgy Penguins (PENGU) fails to retest or maintain $0.0110, the price could pull back to $0.0099 or $0.0097. The MACD indicator currently displays a bullish signal, with both MACD and signal lines trending upwards and a green histogram forming.
Sustained gains above $0.015 would likely suggest bullish control, but caution is advised below the key $0.0110 mark.
Open Interest and Trader Sentiment
Open Interest (OI) on Binance rose from 1.55 billion to 1.93 billion, reflecting increased investor participation. At the same time, the Bid/Ask Delta showed a positive balance of +1.86 million, signaling a long-biased market.
The increase in both these figures hinted at strong bullish vibes.
Still, a rising Spot Inflow/Outflow Ratio indicates that some holders are moving tokens back to exchanges—potentially to take profits or manage losses.
While bullish signals remain, monitoring OI and exchange flows will be crucial for gauging short-term market strength.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
