TLDR
-
Pudgy Penguins (PENGU) is trading at $0.03110, down 1.91% in the past 24 hours.
-
The token is consolidating within a symmetrical triangle, suggesting a possible breakout toward $0.041.
-
Binance removed the Seed Tag from PENGU, indicating increased trust and maturity of the project.
-
Liquidity data shows strong bid-side interest near $0.028, reinforcing key support zones.
-
Analysts predict a move toward $0.075 if the breakout confirms, pointing to a possible 117% rally.
Pudgy Penguins (PENGU) is trading at $0.03110, down 1.91% in the past 24 hours.
The asset has been consolidating in a symmetrical triangle pattern. This structure features lower highs and higher lows, compressing price action.
$PENGU is getting ready for the next push upwards!
The next stop is ATH! pic.twitter.com/Epr1G92p5u
— CROW (@TheCrowtrades) July 20, 2025
Key support lies at $0.0303 to $0.0305. This level has been tested four times without a breakdown.
The triangle is forming just above a horizontal demand zone near $0.026. The lower trendline continues to act as dynamic support.
If bulls push above $0.0315 to $0.032, the triangle breakout may be confirmed. This sets the stage for targets in the $0.038 to $0.041 zone.
Binance Removes Seed Tag from PENGU
On July 21, Binance announced the removal of the Seed Tag for PENGU and four other assets.
The Seed Tag is used for new or high-risk tokens. Its removal indicates Binance sees the project as more stable.
Binance will remove the Seed Tag for BONK, EIGEN, ETHFI, PENGU & PEPE on 2025-07-21 👇🏻https://t.co/2Ps8Gzdu4p
— Binance (@binance) July 21, 2025
The news coincided with a price jump to an intraday high of $0.03441. This move came with increased trading volume and community support.
PENGU has gained over 25% in the past seven days.
Analysts, including Ali Martinez, are targeting a possible rally to $0.075. This level reflects a 117% increase from current prices.
$PENGU is ready for another leg up. $0.075 next! pic.twitter.com/8Zmr28m459
— Ali (@ali_charts) July 20, 2025
Liquidity and Technical Indicators Show Support
According to CoinGlass, liquidity is building under the current price, especially between $0.027 and $0.0285.
This suggests demand could increase if price dips into this zone.
$PENGU looks good here
Late longs have been washed
Bid ask ratio skewed towards demand
Consolidation here is perfectly expected after a monster move
Will just be another opportunity to scoop before we resume the send pic.twitter.com/907ZdkxHAu
— TimelessBeing (@Timeless_Crypto) July 17, 2025
The bid-ask liquidity ratio remains tilted toward buyers, while open interest has reset after recent liquidation events.
Technical indicators show the green moving average is curling upward. Oscillators remain balanced.
Short-term resistance is around $0.0324. If cleared, the next levels to watch are $0.0352 and $0.0365.
The symmetrical triangle pattern and rising support levels are helping to build a base for the next move.
Market sentiment has improved, helped by Binance’s decision and rising interest in NFTs.
PENGU is currently one of the top 100 performing assets over the past 90 days, based on recent data.
The asset has been showing strong relative strength over several weeks, suggesting demand is present across timeframes.
The pattern forming on the chart continues to tighten, and a breakout could occur soon if momentum persists.
If the price fails to stay above $0.0303 to $0.0305, downside support is expected near $0.0288.
As of now, the token sits just below short-term resistance, with traders watching closely for a decisive move.
