Pudgy Penguins (PENGU) has climbed above $0.026, moving past a key resistance level noted in recent technical analysis.
Traders are watching the price action closely as volume reaches $356.7 million in the past 24 hours. This comes after a period of slow downward consolidation following the mid-2025 high.
Analysts point to Fibonacci retracement levels as indicators for potential support and resistance zones. Current market behavior suggests short-term pullbacks may stabilize before further upward momentum.
Altcoin Sherpa highlighted $0.026 and $0.020 as key levels for PENGU in a recent tweet. The $0.026 zone previously acted as short-term resistance, which the price has now breached.
Meanwhile, the $0.020 level aligns closely with the 0.618 Fibonacci retracement, offering potential buying support if the price dips. The previous downward grind from May 2025 shows a consolidation pattern, which may precede stronger Q4 movements.
$PENGU: The fib levels haven't been respected and this has slowly grinded down overall. I'm interested in this one around $0.026 and 0.020. Still don't think this is 'over' at all but a bit more pullback + create a base and then this moves hard later in Q4 IMO. Still a strong… pic.twitter.com/9lIm3KypV4
— Altcoin Sherpa (@AltcoinSherpa) September 2, 2025
Trading volume has fluctuated, peaking during early 2025 surges and then tapering during the consolidation phase. Recent activity indicates renewed interest as the price holds above the 0.5 Fibonacci retracement.
The EMA 200 line, a long-term bullish indicator, remains under the price, suggesting overall market sentiment remains positive. Analysts suggest that forming a base near the $0.020 support could set the stage for future upward momentum.
PENGU’s 24-hour price increase of 2.7% highlights growing market activity after a seven-day decline of 3.77%.
This shows traders are stepping in as the price hovers above resistance levels. The rise above $0.026 confirms the technical observation that this zone could trigger new buying interest.
Volume analysis shows green bars outweighing red in recent sessions, reflecting buying pressure. If this trend continues, short-term pullbacks may remain shallow.
The analyst suggests monitoring the EMA 200 for signs of longer-term support. The combination of volume strength, price recovery, and Fibonacci support positions PENGU for a potential move in the latter part of Q4.
Market participants are now closely watching PENGU for consolidation above $0.026. Any dip toward $0.020 may serve as an entry point for those seeking long-term exposure.
Altcoin Sherpa’s forecast that the coin is not “over” seems reinforced by current price trends. Investors are advised to track Fibonacci levels and EMA trends to gauge potential momentum.
The post PENGU Price Surges Past $0.026 as Q4 Momentum Builds appeared first on Blockonomi.
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