Crypto & Forex October 27, 2025 0 Comments

PENGU’s 9% Surge: Is This the Game-Changer Investors Have Been Waiting For?

Ever wonder how a token so adorably named like Pudgy Penguins [PENGU] manages to waddle through the crypto chaos with such a slippery grip on the charts? Since mid-August, PENGU’s been on a bit of a slippery slope, losing about a third of its value in a week back in late September—making those penguins look less like plush mascots and more like cautious traders in the frigid market waters. But here’s the kicker—could a simple breakout past the $0.027 mark be the signal that these penguins are tightening up their flippers and gearing up to swim upstream with bullish vigor? As someone who’s seen plenty of volatile coins rise and fall like tech stocks in an earnings season, I’m intrigued by the recent 9% surge in just 24 hours, a move that’s syncing up with Bitcoin hitting $115K and Ethereum rallying too. Despite a backdrop of bearish sentiment and steady selling pressure that’s felt more like a blizzard than a breeze, there’s a glimmer of hope flickering in the on-chain metrics. It’s a classic tale of market forces battling it out—will the PENGU breakout be a rally cry or just another cold front? Let’s dive in and untangle the latest movements, because in the world of crypto, even a slight shift can snowball into something massive. LEARN MORE

Key Takeaways

How has Pudgy Penguins’ official coin performed recently?

Since August, it has shown bearish tendencies, with the second half of September seeing PENGU retrace by 33% in a week.

What should traders and investors expect next for PENGU?

A move past $0.027 would be an early sign of a shift towards bullish strength.

The Pudgy Penguins [PENGU] token has rallied by 9% in 24 hours. This shift in short-term bullish sentiment came as Bitcoin [BTC] posted a 3.3% move higher to $115k while Ethereum [ETH] climbed by 7% in the same period.

Source: NFT Price Floor

The Pudgy Penguins NFT sales saw a dramatic pick-up in volume over the past month. The sales volume was particularly heavy just after the liquidation event on 10 October. The floor price fell from 10 ETH to 7.21 ETH as well.

The PENGU token has also shown bearish dominance since mid-August, after ceding the $0.032-support level. However, with its rally in June to $0.046 in mind, its swing structure has remained bullish.

Negative sentiment and steady selling hamper PENGU bulls

Source: Santiment

The weighted sentiment has been negative since late July. It hinted at bearish social media engagement, and any positive mentions had too little volume and not enough consistency to shift the trend.

The Open Interest has also been sinking for the most part since early August. Together, the two metrics highlighted bearish sentiment in social media posts related to PENGU and a lack of confidence in the derivatives market.

Source: Glassnode

The selling was especially strong over the past month. The $0.03-support had been key in August and September, but was breached in October and the area retested as a supply zone. In October, the Coin Days Destroyed metric saw several sizeable peaks.

These peaks accompanied PENGU setting new lows and underlined persistent on-chain selling.

Source: PENGU/USDT on TradingView

Finally, the Fibonacci retracement levels captured the bullish swing structure of PENGU. However, the series of lower highs and lower lows since August highlighted the bearish trend of PENGU in recent weeks.

The CMF has not shown heavy, consistent selling pressure despite the downtrend. This may be a small spark of hope for bulls hoping for a turnaround in PENGU’s price fortunes.

The $0.027 is a key resistance to overcome, to flip the internal structure bullishly.