PENGU Price Prediction is back in focus as the PENGU token holds steady near its key support zone despite recent selling pressure. Traders see this level as a make-or-break point, with some calling it a healthy correction while others warn of a possible bearish shift.
PENGU is currently trading around $0.029, slipping nearly 1.5% over the last 24 hours, with the chart reflecting a gradual decline from recent highs. The structure shows lower highs beginning to form, while volume has thinned compared to the earlier spikes that pushed price above $0.030. From a technical view, this leans toward a corrective phase rather than a full-blown breakdown, especially since support around $0.0288 to $0.0290 has so far managed to hold.
Pudgy Penguins’ current price is $0.02913, down 1.47% in the last 24 hours. Source: Brave New Coin
If this corrective bias continues, the market may see more sideways-to-downward pressure before buyers step back in. The key level to watch remains $0.0290, if sustained, it keeps the chart within a normal pullback range. A failure to hold here, however, could shift sentiment towards a more bearish reversal, dragging the price closer to $0.0275 or even the $0.026 zone.
PENGU’s latest structure is holding above the shaded demand zone around $0.028 to $0.029, an area that has repeatedly acted as a base throughout September. The chart shared by Knight highlights how this zone remains the pivot point, with buyers stepping in to absorb selling pressure. For now, price action continues to show consolidation at the lower end of the range, suggesting that this level must hold if the setup is to favor a potential rebound.
PENGU continues to defend its $0.028–$0.029 support zone, setting the stage for a potential rebound towards $0.043. Source: Knight via X
Should Pudgy Penguins’ support remain intact, the technical path points towards another attempt at the overhead resistance near $0.043 to $0.045. A clean breakout above this level would shift market sentiment toward continuation, leaving room for upside momentum to build.
Solana has been one of the strongest ecosystems in 2025, with more activity coming from DeFi, NFTs, and even tokenized real-world assets. This strength naturally creates space for meme tokens to gain traction, and PENGU is one of the names that stands out.
EllioTrades recently noted that PENGU Pudgy Penguins could take the top meme spot on Solana, and the idea is starting to spread. Even while price action has stayed close to support levels, the cultural push around PENGU keeps building. If Solana keeps showing strength and PENGU holds its community energy, it has a real chance to become the main meme coin on the network.
PENGU has been under correction pressure recently, with price consolidating near the lower end of its range and testing the same support multiple times. The sideways action reflects cautious sentiment, as buyers have yet to show convincing strength, leaving the token in a holding pattern where a deeper breakdown can’t be fully ruled out.
PENGU mirrors its May accumulation, hinting at a possible expansion if support holds. Source: Arcane Crypto via X
That said, the fractal shared by Arcane Crypto highlights how this structure strongly resembles the accumulation seen earlier in May, which eventually sparked a major move higher. If buyers continue to defend the boxed range and momentum builds, the stage could be set for another expansion phase. This repeating pattern keeps the bullish outlook alive, even while near-term trading remains muted.
PENGU’s recent dip is still sitting inside what looks like a normal corrective phase rather than a confirmed bearish reversal. The $0.028 to $0.029 demand zone has shown its strength multiple times, keeping the broader structure intact despite sellers pressing down. As long as this area continues to attract buying interest, the correction may simply be part of a healthy reset before momentum returns.
The bigger question now is whether buyers can defend this floor long enough to fuel another push toward the upper range. A clean rebound from support could quickly flip sentiment back in favor of the bulls.
Also read: Hyperliquid (HYPE) Price Prediction: Can Bulls Defend $35 Support or Will Sellers Push Lower?
