PENGU has flashed a fresh daily buy signal after a period of losses, with traders watching whether the token can mount a recovery toward $0.013. The token was recently quoted near $0.0075, down roughly 1% over 24 hours, while an Oct. 22 session showed a decline of about 3.4% to around $0.00784. Daily ranges have held between $0.007424 and $0.007769, keeping the lower support area in focus.
The TD Sequential indicator triggered buy signals on July 8 and September 15. Those signals preceded rallies of approximately 77.64% and 66.94%, respectively. A later sell signal on September 25 came before a 31.58% drop. Crypto analyst Ali Charts notes that a new daily buy signal has now appeared, following the pullback from September highs. Key upside levels include $0.0080, $0.0090, and the September high near $0.0100; a break above those could open the path toward the $0.013 projection. Support remains between $0.0070 and $0.0077.
On the adoption side, SoFi has added PENGU to its available crypto assets, giving more than 15 million members the ability to buy, sell, and hold the token. Market capitalization is near $500 million, and daily trading volume has remained above $100 million. The Pudgy Penguins NFT ecosystem is also showing strength: sales increased 77% week over week to roughly $2.56 million, and collector Adam Weitsman recently revealed a purchase of 117 Pudgy Penguins NFTs. Parent company Igloo plans to shut its Abstract Layer 2 network in December in order to focus on Pudgy Penguins and PENGU. Momentum indicators remain mixed, with RSI below neutral and MACD still slightly bearish, while PENGU holds inside a rising channel that began in August.
