Key Takeaways
- Pudgy Penguins (PENGU) price action hints at a potential 25% rally on the horizon.
- PENGU’s 15% price surge was triggered after being featured in Bullish’s Q2 earnings report and earnings call.
- PENGU’s major liquidation levels stand at $0.0365 on the lower side and $0.03975 on the upper side.
With double-digit gains, PENGU, the native token of the Pudgy Penguins NFT brand, is making waves in the cryptocurrency realm. This week, the popular meme coin recorded a 10% increase, placing it among the top gainers.
Why is the Pudgy Penguins (PENGU) Price Rising?
Such gains may raise the question of why this is happening?
The answer lies in the Pudgy Penguins team being featured in Bullish’s (NYSE: BLSH) Q2 earnings report and earnings call. This is a big development for any meme coin, as it shows that Wall Street investors, analysts, and even institutions are monitoring this project.
Another catalyst that strengthened Pudgy Penguins (PENGU) upside rally is Pudgy Penguins NFT sales, which have soared by 140% over the past 24 hours.
PUDGY Price and 230% Surge in Trading Volume
Currently, Pudgy Penguins (PENGU) is trading near $0.03805, up nearly 5% in the past 24 hours. During the same period, investors and traders showed strong participation, resulting in a 230% surge in trading volume.
Rising trading volume along with the price hints at strong bullish momentum and growing investor confidence in the asset’s upward trend.
Also Read: SEC Greenlights Crypto ETF Generic Listing Standards in Landmark Vote
PENGU Technical Analysis and Upcoming Levels
Adding to the bullish strength, this price uptick has opened the door for the meme coin to continue its rally. TimesCrypto’s technical analysis reveals that PENGU appears bullish and is poised for massive gains. On the daily chart, the meme coin’s recent surge has broken a key resistance level at $0.03686.
Based on the current price action, if the upside momentum continues and the price holds above the $0.03686 level, PENGU could rally another 25% to reach $0.0466. However, if momentum weakens and the price falls below the breakout level, the meme coin’s bullish outlook would be invalidated.
At press time, PENGU’s Supertrend indicator has continued to hold its green streak since late June 2025, indicating that the meme coin is in an uptrend with strong buying pressure.
Meanwhile, the Relative Strength Index (RSI) hovers near 63, indicating that PENGU is approaching overbought territory but still has enough room to sustain its ongoing momentum.
Traders Strong Bullish Outlook
Looking at the current price action, it appears that intraday traders are closely monitoring PENGU’s outlook. On-chain analytics platform Coinglass reveals that traders are strongly betting on the bullish side.
At press time, PENGU’s major liquidation levels stand at $0.0365 on the lower side and $0.03975 on the upper side. These levels are not just ordinary, as traders are over-leveraged, with $17.39 million worth of long positions and $2.09 million worth of short positions.
This indicates that the bulls are dominating the asset, with strong confidence that the meme coin will not fall below the $0.0365 level.
