PENGU Meme Coin Shows Bullish Signals Amid Market Pullback

Pudgy Penguins' native token PENGU is flashing multiple technical buy signals, suggesting a potential trend reversal. The TD Sequential indicator has triggered a buy alert while the RSI exhibits bullish divergence—a classic sign of waning selling pressure.

Price action remains anchored above a critical trendline support NEAR the descending channel's lower boundary. This zone has historically attracted accumulation, with the token now trading at levels that previously preceded rallies.

Network fundamentals appear robust despite recent price weakness. The project boasts over 563,000 holders, with on-chain data indicating sustained demand. Analysts note the confluence of technical factors—including the unbroken setup trendline and RSI recovery—could catalyze upward momentum.