PENGU Crash or Comeback? Analysts Reveal Future Outlook PENGU Crash or Comeback? Analysts Reveal Future Outlook

PENGU Crash or Comeback? Analysts Reveal Future Outlook

TL;DR

  • PENGU testing support at $0.030–$0.025 after a 21% weekly drop from $0.047 high.
  • Analysts highlight ETF hopes, Asia’s growth, and toy demand as bullish price drivers for PENGU.
  • NFT collection value falls 17%, but corporate adoption signals growing institutional interest.

PENGU Price Pulls Back After Local High Near $0.047

Pudgy Penguins (PENGU) was trading at $0.031 at press time, down 6% in the last 24 hours and 21% over the past week. The token peaked at about $0.047 before reversing. It is currently moving towards a major support point at 0.025.

Analyst Ali Martinez described the decline as a typical move. 

“$PENGU dip to $0.025 looks like a healthy correction,” he wrote. 

He pointed to several factors that may support price stability, including a potential ETF filing, expansion in Asian markets, and strong toy sales.

Technical Zone Between $0.0302 and $0.0251

A chart from Altcoin Sherpa places current price action inside a key support range marked by the 0.382 Fibonacci level at $0.030. The lower end of the zone sits near $0.025, where price previously paused during a breakout in July.

Sherpa noted that PENGU is moving back to areas worth watching. 

“I’m still bullish on $PENGU but maybe just a bit more chop before it moves again,” they posted. 

The analyst suggested a gradual approach and added that a larger move could come later.

Trading volume has slowed during the drop. If the price holds above this zone, it may provide a base for another move higher in the future.

NFT Valuation Declines But Interest Remains

The broader Pudgy Penguins ecosystem also saw a dip. NFT collection’s market cap dropped $591 million to $491 million in a week. Despite the decline, the collection remains in the top NFT projects by value.

Last week, BTCS Inc., a publicly listed blockchain company, announced it had added three Pudgy Penguins NFTs to its corporate treasury. This step shows some firms are starting to include NFTs in their digital asset holdings.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Source link

Olivia Stephanie

https://cryptopotato.com/pengu-crash-or-comeback-analysts-reveal-future-outlook/

2025-08-18 14:51:00

bitcoin
Bitcoin (BTC) $ 115,492.00 4.68%
ethereum
Ethereum (ETH) $ 4,182.54 12.41%
bnb
BNB (BNB) $ 1,307.82 17.48%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.54 9.30%
solana
Solana (SOL) $ 198.61 14.10%
usd-coin
USDC (USDC) $ 0.999901 0.00%
staked-ether
Lido Staked Ether (STETH) $ 4,178.75 12.50%
dogecoin
Dogecoin (DOGE) $ 0.20852 14.58%
tron
TRON (TRX) $ 0.324182 4.05%
cardano
Cardano (ADA) $ 0.705531 13.25%
wrapped-steth
Wrapped stETH (WSTETH) $ 5,079.42 12.28%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 115,427.00 5.07%
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,490.81 12.73%
chainlink
Chainlink (LINK) $ 19.12 13.79%
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00 0.00%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,509.51 12.45%
stellar
Stellar (XLM) $ 0.341679 8.31%
bitcoin-cash
Bitcoin Cash (BCH) $ 546.17 9.66%
hyperliquid
Hyperliquid (HYPE) $ 39.89 7.16%
sui
Sui (SUI) $ 2.81 14.54%
weth
WETH (WETH) $ 4,175.58 12.24%
avalanche-2
Avalanche (AVAX) $ 22.31 6.89%
leo-token
LEO Token (LEO) $ 9.67 0.32%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.05%
usds
USDS (USDS) $ 0.999853 0.05%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 115,545.00 5.01%
hedera-hashgraph
Hedera (HBAR) $ 0.184407 11.51%
litecoin
Litecoin (LTC) $ 99.03 7.14%
usdt0
USDT0 (USDT0) $ 1.00 0.03%
mantle
Mantle (MNT) $ 2.18 39.35%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 8.85%
whitebit
WhiteBIT Coin (WBT) $ 43.68 5.45%
crypto-com-chain
Cronos (CRO) $ 0.172721 14.22%
the-open-network
Toncoin (TON) $ 2.27 9.31%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20 0.15%
monero
Monero (XMR) $ 307.29 3.77%
polkadot
Polkadot (DOT) $ 3.24 10.68%
dai
Dai (DAI) $ 0.999565 0.13%
zcash
Zcash (ZEC) $ 271.40 1.62%
uniswap
Uniswap (UNI) $ 6.58 13.16%
okb
OKB (OKB) $ 187.84 9.43%
world-liberty-financial
World Liberty Financial (WLFI) $ 0.140623 19.20%
aave
Aave (AAVE) $ 250.86 10.43%
bittensor
Bittensor (TAO) $ 394.60 36.79%
bitget-token
Bitget Token (BGB) $ 4.97 8.48%
memecore
MemeCore (M) $ 2.04 6.03%
pepe
Pepe (PEPE) $ 0.000007 13.88%
near
NEAR Protocol (NEAR) $ 2.47 10.21%