Pudgy Penguins (PENGU) Price Prediction: Oversold Conditions Hint at Potential Rebound

Pudgy Penguins (PENGU) faces a critical juncture as whale exits and fresh inflows create tension in its market trajectory. Currently hovering NEAR key support levels, oversold indicators and early buy signals suggest a potential rebound if sentiment shifts favorably. The token's recent volatility has attracted significant attention from smart money wallets.

On-chain data reveals PENGU as the most sold token among savvy investors over the past 24 hours, with net sales surpassing $300,000. This profit-taking wave reflects short-term exits but shows signs of liquidity rotation rather than complete abandonment. Market observers note that sustained pressure may persist until inflows overtake outflows, particularly as trading volume dwindles across major exchanges.

Technical analysts highlight promising signals from the TD Sequential indicator, which recently flashed its second buy signal in months. The previous occurrence preceded a notable local rally. With PENGU testing the $0.013–$0.014 support zone, the stage may be set for a late-year breakout toward $0.08 if bullish momentum returns.