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PENGU prices face US$0.0106 test, analysts focus on breakthrough market

2026-10-05 03:16:10

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Analysts pointed to US$0.0106 as the key resistance level for PENGU, confirming that a breakthrough could open a path to US$0.0153.

PENGU is still above the 200-day moving average (US$0.00856), although it is trading below the 50-day moving average (approximately US$0.00964). Cryptocurrency analyst Crypto Tony said Bitcoin's hesitation is dragging down the performance of altcoins, causing PENGU to fail to confirm entry signals after breaking through recent highs.

PENGU sticks to long-term support

PENGU prices are trading around US$0.009256, below its 50-day moving average (US$0.009642). However, the token remains above its 200-day moving average ($0.008558), which means long-term support is below the current price. Previously, PENGU fell to the US$0.0065 -0.0070 range in July and August, and then rose again in late August and mid-September. It is worth noting that the strongest gains occurred between September 18 and September 22.

During this period, PENGU rose from below US$0.008 to above US$0.010, accompanied by a huge surge in trading volume. The token then hit approximately US$0.0108 -0.0110 before a correction occurred.

Analysts focus on US$0.0106 resistance

Crypto Tony pointed out that if PENGU can flip recent highs, it will still be an ideal entry point. But he also said that due to Bitcoin's hesitation, many altcoins have stalled, and PENGU has not yet met the entry conditions.

At the same time, Ali Charts pointed out that PENGU has been tested three times at the top of the $0.0106 channel. He said repeated resistance testing could weaken that level. Ali predicts that a breakthrough of $0.0106 could open the path to $0.0153.

Ali also mentioned the activities surrounding Pudgy Penguins during South Korea's Blockchain Week. He said the new catalyst could support another breakthrough attempt.

Key prices shape the next step

The chart shows that US$0.0100 is below recent highs, while US$0.0108 -0.0110 is near the latest peak. On the downside, US$0.0090 -0.0092 provides immediate support, while US$0.00855 is close to the 200-day moving average.

If it exceeds US$0.00964, it will regain the 50-day moving average. This could bring $0.0100 back into the spotlight, followed by $0.0108 -0.0110. However, a break below $0.0090 may expose support at $0.00856.

Volume was higher than during July and August, with the latest reading of approximately 123.01 million PENGUs. However, the largest surge in trading volume occurred during the previous breakthrough phase.

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