Whales Are Bidding Hard — Is Pudgy Penguins Price About to Fly Higher?
The Pudgy Penguins price has been steadily accelerating, pushing through earlier barriers and establishing a new short-term uptrend.
The Pudgy Penguins price is currently trading well above both the 9-day and 20-day exponential moving averages (EMA), which continue to slope upward—indicating sustained bullish pressure. This trend alignment typically reflects market confidence and a healthy upside structure.
MACD and RSI Reflect Bullish Strength
Momentum indicators back up the trend.
The MACD line continues to rise above its signal line with increasing separation, suggesting that bullish momentum is still building. Meanwhile, the Relative Strength Index (RSI) remains in overbought territory, signaling strong buying interest.
While an RSI reading above 70 can sometimes suggest a pullback is due, it often reflects a strong trend continuation in highly bullish phases—especially when supported by volume and structure.
Daily chart for PENGU/USD (Source: GeckoTerminal)
Key Pudgy Penguins Price Levels to Watch
The Pudgy Penguins price is now eyeing key resistance at $0.035532, with secondary hurdles at $0.038156 and $0.043030. These levels could act as temporary ceilings unless significant buy volume comes in.
Price action near those zones should be monitored for signs of rejection or a confirmed breakout, particularly if paired with a surge in bullish volume.
Thick Ask Walls Could Slow the Climb
Order book data shows significant sell-side liquidity just above current Pudgy Penguins price. A major ask wall at $0.03250, holding nearly 8.7 million tokens (~$284K), could pose a serious barrier to upward momentum. Two additional walls at $0.03200 and $0.03220 also present challenges. However, if buyers manage to absorb these levels, a quick move to the $0.0355 resistance zone becomes much more likely, with upside potential in the 5–7% range.
The bullish case is further supported by a stack of bid walls offering key downside protection. The most critical lies at $0.02900, where over 7.7 million tokens (~$225K) are waiting to be filled. Below that, $0.02935 and $0.02951 also feature substantial bids. This layered buy-side demand suggests any downward pressure may be met with aggressive dip-buying, providing a cushion for traders seeking long entries.
Support Zones to Monitor
Below the immediate bid walls, the next key support levels lie at $0.025989, followed by deeper supports at $0.014541 and $0.012040.
While a drop to those levels isn’t currently implied by the trend, a sharp reversal or failure at resistance could trigger a deeper retracement, especially if bid walls are broken with high volume.
Potential Trade Setups
For Bulls:
Aggressive traders may consider entering near the current range, particularly on dips toward the $0.029 bid zone. A breakout above $0.0325 with volume could be a signal to ride toward $0.0355 or beyond.
For Bears:
Short opportunities could arise if the Pudgy Penguins price gets firmly rejected at $0.0325 and breaks through $0.029 support. Such a scenario might trigger a pullback toward the $0.026 or $0.025 range, though the trend bias remains bullish for now.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
