Pudgy Penguins (PENGU) Price Prediction: Key Support at $0.031 Holds as Bulls Eye $0.043 Resistance

Despite a quiet 24-hour session, Pudgy Penguins PENGU has managed to hold steady around $0.031, defending its base with a market cap just shy of $2 billion. This stability at key support has sparked cautious optimism among participants, who now view the $0.030 to $0.031 range as the make-or-break zone for the next leg higher.

Pudgy Penguins’ current price is $0.03138, down 0.24% in the last 24 hours. Source: Brave New Coin

LongTerm’s chart highlighted that PENGU has successfully completed a retest of its descending trendline, turning prior resistance into support. This move is technically significant, as it signals a shift from a corrective phase back into accumulation.

PENGU defends the $0.031 base after a bullish retest, setting sights on $0.036 and $0.043 targets. Source: LongTerm via X

Market Watchers now view the $0.030 to $0.031 range as the base to defend. Price has bounced cleanly above this band, and maintaining it opens the path to retesting $0.036 and eventually the $0.043 resistance. The clean structure suggests the groundwork is in place for continuation.

PENGU delivered a strong weekly bounce from its red zone, an area that has historically attracted buy-side demand. The rebound not only prevented a deeper correction but also set the stage for a potential move towards the yellow target line around $0.045.

PENGU rebounds strongly from weekly support, with EMA confluence hinting at a potential run towards $0.05–$0.06. Source: SMI Official via X

Momentum indicators are also showing positive confluence, with weekly EMAs beginning to curl upward. If PENGU flips the mid-range resistance into support, the structure could carry price towards $0.05 to $0.06 over this quarter.

Dan The Guy noted that large PENGU transfers from Coinbase Prime wallets highlight accumulation by high-net-worth individuals. These outflows are not random; they align with increased whale activity across exchanges, suggesting that big players are positioning ahead of a potential rally.

Whale accumulation from Coinbase Prime outflows signals reduced sell pressure and stronger upside potential for PENGU. Source: Dan The Guy via X

On-chain flows often act as a leading indicator, and with millions of PENGU leaving exchanges, the backdrop supports the case for reduced sell pressure and increased holding behavior. This trend could amplify the upside if market momentum continues to build.

The broader perspective of PENGU highlights a bullish price structure. The token is still consolidating above the supportive region around $0.026 level and additionally is now starting to take the shape of a bullish flag pattern.

PENGU’s higher time-frame structure forms a bullish flag, eyeing a breakout towards the $0.06–$0.07 zone. Source: UniChartrz via X

This setup positions PENGU for a breakout if the resistance level of $0.0380 is cleared in the coming attempt. The weekly chart shows potential upside targets aligning with the $0.06 to $0.07 region, provided the current base is respected. From a macro perspective, PENGU Price Prediction’s resilience within this structure underscores its standing as a leading meme coin of 2025.

PENGU’s market structure has improved following its clean retest and weekly bounce. Technicals suggest room for expansion, while on-chain signals point to steady whale accumulation. Combined with higher time-frame setups, the backdrop favors continuation of the bullish narrative.

Though volatility is inevitable, defending the $0.031 base keeps PENGU in a strong position. If momentum aligns with on-chain inflows, the meme coin could aim for new highs later this year, further solidifying its role as a top performer in the sector.