Pudgy Penguin (PINGU) Coin Price Analysis — May 5, 2025
Current Price: $0.01041
Market Cap: $655 Million
24H Volume: $100+ Million
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Technical Overview: PINGU coin is showing resilience in a broadly correcting market. Despite Bitcoin and the wider market heading lower, PINGU is holding strong around the $0.010 - $0.011 zone. This indicates strong buying interest and a fight between bulls and bears at this range.
On the 12-hour timeframe, recent candles show rejection on the upside but solid buybacks on dips — signaling accumulation and defense of key support.
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Key Levels to Watch:
Support Zone:
• Major Support: $0.0092
• If this level holds, the structure remains bullish in the short term.
• A breakdown below $0.0092 could trigger a sharp drop toward the $0.0070 zone (worst-case scenario).
Resistance Levels:
• First Target: $0.0115
• Next Bullish Target: $0.0128
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Trade Setup (Not Financial Advice):
Entry Range:
• Between $0.0095 - $0.0102 on dips
Targets:
• Target 1: $0.0115
• Target 2: $0.0128
Stop Loss:
• Below $0.0090 (confirming breakdown of major support)
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Summary: As long as PINGU holds above $0.0092, upside targets remain valid. A close below this zone, however, opens risk toward $0.0070. Traders should watch Bitcoin's trend as it can influence broader market sentiment.
