Pengu Price Defends Key Support Amid Rising Smart Money Inflows
Pengu (PENGU) has solidified its $0.021 support level, sparking speculation of an impending bullish reversal. The token's resilience follows a period of intense volatility, with institutional inflows quietly accumulating since early October—a divergence that often precedes significant price movements.
The broader NFT market shows tentative signs of stabilization, riding the coattails of a crypto-wide rebound. This macro shift appears to be lending momentum to Pengu's recovery narrative. Technical indicators suggest reclaiming the value area high could propel prices toward the $0.043 resistance level.
Market structure reveals a telling pattern: while retail traders capitulated, smart money has been steadily absorbing supply at current levels. Such accumulation phases typically culminate in explosive moves when retail FOMO eventually returns to the market.
