Pudgy Penguins (PENGU) Shows Bullish Momentum as Buyers Defend Key Support
Pudgy Penguins (PENGU) is regaining traction, holding steady NEAR $0.033 after rebounding from recent lows. Trading volumes have surged above $450 million, while the market cap eclipsed $2 billion, signaling renewed demand. The recovery follows weeks of consolidation, with buyers now firmly defending the $0.030 support level.
A breakout from a prolonged consolidation phase suggests potential upside toward $0.05 if momentum holds. The resurgence in inflows reflects growing confidence among traders, positioning PENGU for a potential bullish continuation.