{"id":85530,"date":"2025-08-01T06:55:16","date_gmt":"2025-08-01T06:55:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85530"},"modified":"2025-08-01T06:55:16","modified_gmt":"2025-08-01T06:55:16","slug":"pengu-to-bounce-back-0-11-move-possible-after-bullish-flag-formation","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85530","title":{"rendered":"PENGU to Bounce Back? $0.11 Move Possible After Bullish Flag Formation"},"content":{"rendered":"

TL;DR<\/p>\n

PENGU forms a bullish flag with resistance near $0.045 and support around $0.035.<\/span>
\nAnalysts highlight $0.110 target as TD Sequential signals buy and longs face liquidations.<\/span>
\nMarket cap milestones: $0.19 for $10B and $1.10 aligning with Dogecoin\u2019s peak.<\/span><\/p>\n

Bullish Flag Formation<\/h2>\n

Pudgy Penguins\u2019 token, PENGU, is trading near $0.034, with a 24-hour decline of 12% and a weekly decline of 9%. Trading volume stands at $1.13 billion. On the 4-hour chart, the asset has formed a bullish pennant, which consists of a sharp upward move, known as a flagpole, followed by consolidation inside converging trendlines.<\/span><\/p>\n

Analyst Ali Martinez noted that PENGU shows a textbook bullish flag. The flagpole was formed during the price move to $0.045 in July.\u00a0<\/span><\/p>\n

Notably, the current range is between the upper resistance near $0.04\u2013$0.045 and support near $0.035, which matches the 0.786 Fibonacci retracement. Other key Fibonacci levels are $0.029 (0.618), $0.026 (0.5), and $0.022 (0.382).<\/span><\/p>\n

$PENGU<\/a> is forming a textbook bullish flag, signaling a potential explosive bullish breakout toward $0.110! pic.twitter.com\/XcugaQEZFW<\/a><\/p>\n

\u2014 Ali (@ali_charts) July 31, 2025<\/a><\/p>\n\n

Market Capitalization Levels and Price Range<\/h2>\n

K A L E O mentioned<\/a> that PENGU is trading under its previous all-time high of $0.068. The token experienced a long decline into early 2025 before breaking two descending trendlines and entering its current range.<\/span><\/p>\n

The next market cap levels are $0.19 for a $10 billion valuation and $1.10\u2013$1.50, matching Dogecoin\u2019s last cycle peak near $100 billion. These levels serve as the next price zones if the token continues to advance beyond the current resistance.<\/span><\/p>\n

PENGU Signals Breakout as Longs Suffer<\/h2>\n

Martinez also <\/span>reported<\/span><\/a> that the TD Sequential indicator has issued a buy signal. The setup shows the trendline holding as support, a bullish divergence on the RSI, and price moving along the lower edge of its channel.\u00a0<\/span><\/p>\n

Consequently, these technical conditions align with the bullish flag structure, which projects a potential target of $0.110 if an upward breakout occurs.<\/span><\/p>\n

Furthermore, Analyst Sjuul, Founder of AltCryptoGems, <\/span>notes<\/span><\/a> that the token faces resistance at the current zone. Previous breakouts, such as the one near $0.017, also faced initial rejection before advancing further.\u00a0<\/span><\/p>\n

The analyst also advises market participants to consider focusing on buying the dip opportunities at this stage.<\/span><\/p>\n

Data from Coinalyze shows $4.0 million in liquidations over the last 24 hours. Long positions made up $3.1 million, while short positions totaled $955,900, all in perpetual contracts.<\/span><\/p>\n

<\/a>Source: Coinalyze<\/p>\n

The post PENGU to Bounce Back? $0.11 Move Possible After Bullish Flag Formation<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PENGU forms a bullish flag with resistance near $0.045 and support around $0.035. Analysts highlight $0.110 target as TD Sequential signals buy and longs face liquidations. Market cap milestones: $0.19 for $10B and $1.10 aligning with Dogecoin\u2019s peak. Bullish Flag Formation Pudgy Penguins\u2019 token, PENGU, is trading near $0.034, with a 24-hour decline of […]<\/p>\n","protected":false},"author":0,"featured_media":85531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85530"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85530"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85531"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}