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PENGU After a strong surge, the price of Pudgy Penguins (PENGU) has now dropped back to key support levels. The market is closely monitoring whether there will be a technical rebound at these levels. As the project continues to expand its partnerships with physical toys and Web3 brands, its activity on the blockchain has significantly increased, with transaction volumes rising by nearly 40% compared to previous periods. However, both capital flow and market sentiment remain cautious. This “key test” for PENGU could serve as a turning point in assessing its long-term value and community support.
With Bitcoin (BTC) and Ethereum (ETH) declining towards losses, the crypto market as a whole has begun to cool down after recent gains. ETH has fallen by more than 3%, putting short-term pressure on several altcoins, including Pudgy Penguins (PENGU).
Although PENGU fell by nearly 8% today, overall this may not necessarily be a negative signal. Instead, it seems like the token is testing a critical breakthrough point—a technical moment that could determine its next move: either a strong rebound or a prolonged period of consolidation.
Source: Coinmarketcap
Testing the downward wedge pattern
On the 4-hour chart, PENGU has been trading within a downward wedge pattern—a typical bullish reversal pattern that usually signals the end of a downtrend and the beginning of a new upward cycle.
在0.01938美元附近形成坚实基础后，买家入场并引发反转，将代币推高至楔形阻力线0.02152美元附近。此次突破标志着自10月中旬以来的首次重大技术转变。
Pudgy Penguins(PENGU)4H图表/Coinsprobe(来源：Tradingview)
突破后，PENGU反弹至0.02329美元的局部高点，随后获利回吐，一度放缓了上涨势头。正如图表所示，PENGU正在重新测试0.021美元附近的突破区域，该区域与楔形形态之前的阻力位紧密相关，目前正成为潜在的支撑位。
PENGU的下一步计划是什么?
PENGU的近期前景取决于价格在0.020-0.021美元趋势线支撑位附近的走势。如果买家成功守住该支撑位，该代币可能重拾上涨动力，并瞄准100小时移动平均线(MA)0.02229美元左右。
强势突破该区域——加上成交量确认——可能推动PENGU达到下一个技术目标0.02697美元附近，这意味着较当前水平有27%的潜在上涨空间。
另一方面，如果未能守住突破区域，PENGU可能会被推回到楔形结构内，从而削弱短期势头并延缓看涨势头的延续。
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