Here’s Why PENGU Price Is Pumping

The price of PENGU is among the leading crypto gainers, not just today, but for the whole last week. It exploded more than 150% and is now trading around $ 0.01325.

But, What is this bomb driving? The famous analyst 'Altcoin Sherpa' weighs the situation around Pengu.

Penguin made a strong bullish breakout on the sunny chart after a long period of movement of sideways. The price is stuck between $ 0.0060 and $ 0.0080 for weeks before finally breaking with a large volume behind it.

Recent candles show large bullish patterns with minimal upper wicks, indicating consumers closing or near daily highs. This pattern suggests aggressive purchase pressure rather than the activity -haka -haka activity.

The volume exploded in the last 4-5 days, with the largest volume of bars matching large bullish candles. It confirms the breakout is supported by the real consumer interest rather than becoming a temporary pump.

PENGU price levels to watch

Support For Pengu Now sitting at many basic levels. The mark of $ 0.0106 represents the recent level of breakout and serves as the first support. Below, $ 0.0092 was the previous combination of integration that supported support. If a deeper pullback occurs, $ 0.0077 (the Old Range top) would be a major zone support.

Looking upward, resistance zones include $ 0.0193, with history served as a support area during the February sale. Furthermore, $ 0.0228 represents another major level of resistance from the previous distribution stage.

The trend clearly became bullish, with Penguin continuing to print higher and higher lows. Breakouts are clean, not messy or filled with wicks, which suggests consumers remain steadfast in control of price action.

The face of crypto. https://t.co/Eybmukbrik

– Pudgy Penguins (@pudgypenguins) April 27, 2025

After a big move, a pullback will be normal and healthy. The bullish structure remains intact as long as Penguing holds above $ 0.0106 or $ 0.0092 level.

Analyst perspective – Penguing Rally Price to Continue?

In a recent tweet, Altcoin Sherpa mentioned the purchase of Pengugu but expressed regret about not taking a larger position: “Buy $ Penguin this afternoon but urinate that I am not as difficult as it is. It can be double and still not sniffing ath, the prob will continue.”

This statement features that even though Pengu is doubling from the current price, it is still far from past all-time highs. The tone of the analyst gives strong bullish feelings and confidence in constant upward movements, suggesting danger/reward remains appealing -even after the huge day -to -day motion we see.

The combination of technical breakouts in high volume and positive emotions from experienced entrepreneurs suggest that Pengu's rally may have more room to run. The next major targets based on horizontal resistance levels are $ 0.0193 and $ 0.0228.

As with any significant price movement, entrepreneurs should note that pullbacks to support levels at $ 0.0106 or $ 0.0092 will be expected and do not have to signal a recurrence unless the levels will not fail.

Also Read: Ripple's $ 1.25B Power Move: How the hidden road can be XRP to a giant on Wall Street

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