Why PENGU’s Dismal Drop is Just the Beginning of Something Great! 😂🐧

In Brief

PENGU has flapped its little wings right back to $0.038 after a wild 9% tumble, but fear not, our feathered friend still clings to the hope of rallying above its recent resistance of $0.043!
At Upbit, the whale watchers have swapped their Dogecoin fins for Pudgy Penguins, sending ripples through the waters.
But hold your horses—or your penguins; the momentum’s a bit like your grandma’s old car—fading even as we eye the $0.038 support level.

A Little Pullback Never Hurt Anyone

Ah, the story of Pudgy Penguins (PENGU), which just recently decided to throw a hissy fit, trading down to $0.038 and donning a 9% drop like it’s the latest fashion trend. But don’t forget, it’s still rocking a modest 5% gain for the week! The birds tested the $0.043 mark—talk about a sticky situation—turning it into a ‘no trespassing’ sign for buyers.

Market sage Lennaert Snyder suggests this kind of tempest is par for the course in the grand bazaar of crypto. Since July, the skies have generally been clear—rising higher lows and all. A leap past $0.043 would really have the birds chirping!

The $PENGU buzz is one push away from soaring to new heights!

Looks like a typical day in the land of resistance at $0.043. Nothing to see here, folks!

Support’s lounging around $0.0376, and wouldn’t a retest there be a dream come true for the longs?

One trumpet over $0.043 and it’ll be PENGU time all over again. @pudgypenguins are itching to soar!

— Lennaert Snyder (@LennaertSnyder) July 29, 2025

If PENGU can muster the strength to break that pesky $0.043 barrier with enough bullish gusto, we might just find ourselves dreaming of $0.073—thanks to our Fibonacci friend. But let’s keep our little PENGUs above that short-term support while we wage war against resistance; every bit counts!

Snyder’s chart shenanigans suggest that if we want that magical trip to $0.073, we should step on the gas pedal hard. Failing that, we could be stuck in traffic—not the fun kind either. A strong break and cozy retest would be the golden ticket.

The Big Fins Aren’t Swimming Alone

In a flurry of trading at Upbit, the serious fish (that is, large traders) seem keen on what PENGU’s cooking, according to the ever-watchful analyst Cas Abbé. They noted that PENGU’s volume is now outpacing Dogecoin—sounds like a schoolyard showdown! Some traders are shimmying into Pudgy Penguins like it’s a new dance craze.

After a bit of a fallout from its spectacular $1.5 billion airdrop, it seems our fowl friend is back in the game, gearing up for another wild ride over the coming weeks.

The Momentum is Having a Midlife Crisis

Meanwhile, our trusty indicators are throwing mixed signals, like a confused traffic light. Price crept above the 20-day moving average, giving short-term vibes of a sunny day ahead—though the upper Bollinger Band just might rain on this parade.

The MACD is giving us the side-eye, barely keeping its main line ahead of the signal—like someone who forgot to do their morning stretches. If we stumble below $0.038, it might just open the floodgates for sellers, while holding support could trigger some joyous shimmies! 🐧💃

2025-07-29 21:40

A Little Pullback Never Hurt Anyone

The Big Fins Aren’t Swimming Alone

The Momentum is Having a Midlife Crisis

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