Pudgy Penguins (PENGU) Plunges 6% – Is the $0.044 Breakout Still Alive?

Pudgy Penguins (PENGU) takes a 6% nosedive—just another Tuesday in crypto land. But analysts aren’t hitting the panic button yet.

The $0.044 Make-or-Break

All eyes are glued to that $0.044 level. Break past it, and PENGU could moon. Fail, and it’s back to the iceberg. Traders love a good binary outcome—almost as much as they love overleveraging.

Why the Dip?

Blame whales, macros, or just the usual crypto volatility theater. No one really knows, but everyone’s got a hot take. Meanwhile, retail bags get heavier.

The Bull Case (Because We Have To)

If PENGU flips $0.044 into support, the next stop could be double digits. Or not. This isn’t financial advice—just hopium served cold.

Cynical Finance Jab

Remember: In crypto, 'analysts eyeing a breakout' often means 'someone’s about to get rekt.' Trade accordingly.

• PENGU is trading at $0.03764, marking a 6.03% daily decline despite a 4.66% weekly gain.
• Analysts highlight $0.044 as the next key resistance, with potential upside toward $0.070.
• Long-term forecasts remain mixed, ranging from a $0.015 low to a $0.0820 bullish target.

Pudgy Penguins (PENGU) is currently trading at $0.03764 and has marked a 6.03% drop over the preceding 24 hours. Trading volume has also dropped 9.81% and remains at $742.81 million. While the price saw a dip in the NEAR term, it has gained 4.66% in the past week, and the average price for last week was $0.03738.

The focus on the market now is the ability of Pudgy Penguins to hold the latest rebound from a technical support level. Commentators observe that in spite of cautious daily sentiment, the weekly chart remains indicative of moderate trader optimism.

Short-Term Momentum Hinges on Market Strength

Crypto analyst CryptoPulse noted in their August review that the recent recovery of PENGU from an upside trendline support is a very encouraging sign. According to their technical analysis, the next notable target is $0.044, a current resistance zone that will tend to determine the short-term movement of the coin.

In the event that the token spikes and holds beyond this level, CryptoPulse is calling for a possible retest of all-time high (ATH) of $0.070. Such a breakout could reestablish bullish enthusiasm and return speculative traders to the scene and possibly alter the near-term market narrative of the coin.

Bullish Views Highlight Technical Strength

The long-term forecasts of PENGU vary considerably between study locations. DigitalCoinPrice predicts the token reaching $0.0820 in late 2025 and rising higher than its previous ATH of $0.05738. The technical forecasting anticipates the price of Pudgy Penguins between $0.0791 and $0.0820 after a breakthroughof the intermediary resisting obstacles.

Changelly offers a more subdued 2025 forecast as well, with prices ranging from $0.0185 up to $0.0202 and an average of $0.0191. For August 2025 in particular, Changelly projects a possible low of $0.0150 and a high of approximately $0.0191 and offers a possible 24.8% return on investment over current prices.