PENGU Plummets 9%, But Is a Wild 300% Rally Just Around the Corner? 🚀😂

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The fourth-largest meme coin by market cap, Pudgy Penguins’ native cryptocurrency PENGU 🐧, fell sharply today amid the broader crypto market downturn. At the time of writing, PENGU is trading at around $0.031, marking a 9% daily drop. But don’t panic yet, folks!

Popular crypto analyst Ali Martinez believes this correction might just be the best time to buy one of the top meme coins. Notably, PENGU has been forming a bullish flag channel on the 4-hour chart since August 9, a setup that often leads to major upward moves. It’s like the meme coin is taking a power nap before a big race! 😴💨

$PENGU is inches away from a new leg up – $0.10 next!

– Ali (@ali_charts) August 25, 2025

If confirmed, the token could rally as high as $0.10, representing a potential 300% gain. That’s more than just a bounce; it’s a full-blown moonshot! 🚀

PENGU Price at Crossroads

PENGU saw a major price rally between April and mid-July, surging around ten times during this time. However, since then, it has been consolidating inside a descending channel that began in mid-July. It’s like the meme coin is playing hide and seek with the bulls and bears. 🐻🐂🔍

PENGU is currently testing the $0.030 support zone, which also aligns with a broader $0.025-$0.030 demand range. If the cryptocurrency fails to hold above $0.030, the next key support lies at $0.025, which could lead to further downside. It’s like a game of hot potato, but with digital penguins! 🐧🔥

According to the data by CoinMarketCap, PENGU price is down 25% in the past month, losing over $700 million in market cap. Ouch, that’s a lot of feathers to lose! 🦆💔

If the meme coin manages to break out from this descending channel, traders should watch for immediate resistance at $0.0403. A decisive close above this level will confirm the beginning of a new uptrend. It’s like breaking through the sound barrier, but with memes! 💥🚀

The RSI is currently indicating neutral conditions on the daily chart. PENGU’s overall price action currently depends on the $0.030 support zone. Holding above this level could confirm a breakout toward $0.046 and beyond, while failure risks a drop to $0.025. It’s a tightrope walk, folks! 🧗‍♂️🪄

PENGU price chart with RSI and Bollinger | Source: TradingView

The price is approaching the lower Bollinger Band, which often points to a potential rebound if buyers defend this level. However, persistent weakness could see the meme coin drifting even lower. It’s like the price is trying to touch the bottom of the ocean, but we hope it finds a pearl instead! 🌊💎

PENGU price chart with MACD | Source: TradingView

The MACD histogram shows red bars, with the signal line above the MACD line. This suggests bearish momentum is still present, but the line positions suggest a crossover could quickly shift the trend bullish. It’s like the meme coin is playing a game of Jenga with the market, and we’re all waiting for the tower to fall or stand tall! 🏰🎲

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2025-08-25 18:42