{"id":86441,"date":"2025-08-06T16:25:05","date_gmt":"2025-08-06T16:25:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86441"},"modified":"2025-08-06T16:25:05","modified_gmt":"2025-08-06T16:25:05","slug":"robinhood-lists-pengu-as-whales-buy-the-dip-amid-12-price-slide","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86441","title":{"rendered":"Robinhood Lists PENGU as Whales Buy the Dip Amid 12% Price Slide"},"content":{"rendered":"

TL;DR<\/p>\n

Whale wallets are increasing PENGU holdings despite the price dropping over 12% in one week.<\/span>
\nPENGU now trades on Robinhood Advanced, giving traders new tools during a market-wide downturn.<\/span>
\nAnalysts watch the key support zone near $0.030 as the price stalls and indicators remain weak.<\/p>\n

PENGU Now Available on Robinhood Advanced<\/h2>\n

Pudgy Penguins (PENGU) is now listed on the Robinhood Advanced trading platform, as the project\u2019s official account announced. The listing gives users of Robinhood access to PENGU using advanced tools for trading.<\/span><\/p>\n

$PENGU<\/a> is now live and tradable on the @RobinHoodApp<\/a> advanced trading platform, Robinhood Legend pic.twitter.com\/Z6yr2t2kgT<\/a><\/p>\n

\u2014 Pudgy Penguins (@pudgypenguins) August 5, 2025<\/a><\/p>\n\n

At the time of writing, <\/span>PENGU<\/span><\/a> was priced at $0.033. Over the last 24 hours, trading volume reached $409 million. The token has seen a price drop of 5% in the past day and 12% over the last week.\u00a0<\/span><\/p>\n

These declines follow a broader downtrend in the crypto market, where several digital assets have posted similar losses.<\/span><\/p>\n

Large Wallets Accumulate During Price Drop<\/h2>\n

While the token\u2019s price has fallen, some wallets are increasing their holdings. Lennaert Snyder posted<\/a>:\u00a0<\/span><\/p>\n

\u201cPENGU whales are growing exponentially.\u201d He also said, \u201cAs price is increasing, more whales are accumulating PENGU.\u201d\u00a0<\/span><\/p>\n

These comments appear out of sync with the recent price action, as data shows an apparent decline.<\/span><\/p>\n

Analyst Sjuul from AltCryptoGems <\/span>shared<\/span><\/a>,<\/span><\/p>\n

\u201cPENGU is tapping into this demand and trying to bounce from there.\u201d They added, \u201cAs long as we hold here, we should be good to go.\u201d\u00a0<\/span><\/p>\n

These statements suggest that the market is watching the current price level closely, but direction remains uncertain.<\/span><\/p>\n

Price Holds Near Key Support Zone<\/h2>\n

PENGU is trading near a support zone between $0.028 and $0.032. This area previously acted as resistance and now serves as a level where buyers are active. The asset has pulled back from a recent peak near $0.047. If this zone holds, a move higher is possible. A drop below may lead to further losses.<\/span><\/p>\n

Meanwhile, technical signals are still weak. The Bull Bear Power (BBP) is at -0.001655, showing sellers are active. The Relative Strength Index (RSI) is at 42.78, which reflects low buying strength. The RSI is also below its average line, pointing to continued downward movement.<\/span><\/p>\n

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

Traders Watch Falling Wedge Pattern<\/h2>\n

Satoshi Flipper <\/span>noted<\/span><\/a> that the PENGU 4-hour chart shows a falling wedge pattern. He said,\u00a0<\/span><\/p>\n

\u201cPENGU falling wedge continues to fill out nicely as price retests strong support again.\u201d\u00a0<\/span><\/p>\n

This pattern is often tracked for breakouts, but no move has been confirmed yet.<\/span><\/p>\n

Crypto analyst Ali Martinez also <\/span>pointed out<\/span><\/a> that this area is important for buyers. The market will likely react to any clear move above or below this zone.<\/span><\/p>\n

The post Robinhood Lists PENGU as Whales Buy the Dip Amid 12% Price Slide<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Whale wallets are increasing PENGU holdings despite the price dropping over 12% in one week. PENGU now trades on Robinhood Advanced, giving traders new tools during a market-wide downturn. Analysts watch the key support zone near $0.030 as the price stalls and indicators remain weak. PENGU Now Available on Robinhood Advanced Pudgy Penguins (PENGU) […]<\/p>\n","protected":false},"author":0,"featured_media":86442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86441","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\/86441"}],"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=86441"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86442"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}