Bullish Divergence Detected: Is $PENGU About to Explode?

3 mins mins

Key Insights:

TD Sequential and RSI divergence suggest $PENGU could stage a strong rebound.
$PENGU surpasses DOGE in demand, with 563K holders and rising activity.
Analysts eye $0.15–$0.20 targets as technical structure hints at continuation.

$PENGU, the native token of Pudgy Penguins, is showing technical signals that point to a possible price rebound. Analysts are closely watching the charts after several indicators aligned in favor of an upward move.

A recent update from analyst Ali_charts points out that the TD Sequential indicator has printed a buy signal. In $PENGU’s case, the signal has appeared at a crucial support zone. The price is currently sitting on the setup trendline, which has acted as a strong base in past pullbacks.

A bounce from this level would confirm that market participants are defending the trend and expecting further upside. Alongside the TD Sequential signal, $PENGU’s relative strength index (RSI) is showing a bullish divergence.

However, the asset also trades at the lower boundary of a well-defined price channel. This combination of trendline support and divergence on the RSI often appears just before a rally begins. “All signs point to liftoff,” Ali noted, referring to the aligned signals.

Holders Surge and Trading Demand Rivals DOGE

Analyst Web3Niels has projected a potential continuation of $PENGU’s upward trajectory, forecasting a price target between $0.15 and $0.20 by Q4 2025. According to the analyst, $PENGU has demonstrated strong momentum since bottoming in April 2025, rallying over 10x despite a prior 90% correction post-airdrop.

The airdrop distributed nearly $1.5 billion to 760,000 wallets in late 2024. Supporting the bullish outlook, @Sudelytic highlighted a TD Sequential buy signal and a bullish RSI divergence as signs of a possible rebound.

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However, the current chart structure also displays a classic cup-and-handle pattern above key support around $0.039, indicating continuation potential. $PENGU has reportedly surpassed DOGE, with 563,000 holders and 20,000 daily active addresses showing adoption.

Market Outlook Suggests Potential Break Above $0.15

At the time of writing, $PENGU was trading at $0.0376 with a 24-hour volume of $790.8 million, down 6.24% on the day. Still, analysts are optimistic about further upside. The recent combination of technical indicators, growing user base, and trading volume points to strong interest in $PENGU’s future price action.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.