The PENGU token of Pudgy Penguins is in a strong downtrend, with the price dropping approximately 73.5% over 5 months, and both technical signals and NFT demand have not shown early signs of reversal.
The sales of Pudgy Penguins NFTs are declining, with weak market buying power and an important support level being breached, which is dampening the short-term recovery prospects of PENGU, although on-chain data shows a flow of tokens being withdrawn from the exchange.
MAIN CONTENT
The selling volume of NFT Pudgy Penguins decreased by 31.4% in 30 days, causing sentiment towards the ecosystem to weaken.
PENGU decreased from 0.032 USD to 0.0086 USD since August, equivalent to a drawdown of about 73.5% over 5 months.
The levels to watch include 0.00855 USD (short term) and 0.0054 USD, 0.0039 USD (deeper historical supports).
PENGU is under pressure as NFT demand cools.
The trading volume of NFT Pudgy Penguins decreased by 31.4% last month amid a weakening NFT hype across the market compared to the 2021 cycle.
Data from NFT Price Floor shows that sales of the Pudgy Penguins collection [PENGU] decreased by 31.4% in the last 30 days. At the same time, the NFT trend in general has cooled off in recent months and has not regained momentum like during the boom period of 2021.
For projects with tokens linked to ecosystems, liquidity and interest levels in NFTs often directly impact user expectations, holding demand, and speculative behavior. In the case of Pudgy Penguins, the slowdown of NFT activity accompanies the persistent downward trend of the PENGU token.
PENGU has decreased by 73.5% over 5 months, reflecting a prolonged downward trend.
PENGU has been continuously decreasing since August, from 0.032 USD to 0.0086 USD, creating a drawdown of about 73.5% over 5 months.
PENGU is often viewed as a memecoin, but still has utility in the Pudgy Penguins ecosystem. However, the token price has entered a steady downward trend since August, trading around 0.032 USD, down to 0.0086 USD at the time of recording.
A decrease of 73.5% over 5 months is significant even for the memecoin group, which is highly volatile. The central question is whether the bulls can create sufficient buying pressure to reverse the trend, especially when technical signals and short-term cash flow do not support an early sustainable bottom.
The possibility of a “second wave” for the memecoin is not guaranteed to happen with PENGU.
The assertion that memecoins often have a “second run” is only a reference, not proof that PENGU will soon reach a new peak.
A Crypto Twitter account claims that memecoins often have a second wave, citing the example of Pippin [PIPPIN]. However, arguing based on past patterns does not mean PENGU will push to all-time highs in the coming weeks.
In reality, the “rebound” of memecoins often strongly depends on risk capital flow, community narratives, levels of virality, as well as supply-demand structures at key price zones. If there is a lack of new buying pressure or clear catalysts, the recovery scenario may be limited to short technical rebounds.
The outflow of PENGU from exchanges indicates accumulation, but it is not strong enough to reverse the trend.
On-chain data shows PENGU flowing out of exchanges, reflecting an accumulation trend, but the outflow range is not strong as before and did not prevent the downward trend.
On-chain data records PENGU leaving exchanges. A negative net position change is usually understood as holders withdrawing tokens from exchanges, possibly transferring to cold wallets, thereby reflecting an accumulation trend.
However, this time the outflow is not as strong as in May and June 2025. Additionally, the outflows in October prior did not help prevent a rapid price drop. Therefore, the outflow from exchanges may be a support signal, but it is not enough to conclude that the trend has reversed.
Breaking the bearish structure when falling below 0.0099 USD is a risk signal.
When PENGU dropped below 0.0099 USD on December 15, the long-term chart showed signs of breaking the structure in a downward direction.
Observing the long-term price chart, the D3 frame recorded a break of the bearish structure on December 15, when PENGU slid below 0.0099 USD. This is usually a mark indicating that sellers are in control, thereby weakening the ability for an immediate recovery.
In such scenarios, prices often need to create a new accumulation base or recover lost levels to confirm a trend change. Without a clear appearance of buying pressure, rebounds may be sold down as they approach nearby resistance zones.
A bullish recovery is not expected in the short term.
Currently, there are no signs of a strong recovery as the support zone of 0.009 USD has been broken and the buying pressure measured by OBV continues to decline.
In the short term, a bullish scenario is not expected soon. The 0.009 USD zone was an important support in June but has been breached in recent days.
The OBV indicator continues to decrease steadily, indicating that buying pressure is not prominent. When the market lacks a “counterattack” response, prices tend to continue sliding down to lower historical support zones.
To monitor the activity of the collection, investors can refer to the data on the Pudgy Penguins statistics page. If NFT indicators do not improve, the support momentum for the token may also continue to weaken.
The price levels of PENGU to watch in the near future.
The 0.00855 USD level is short-term support; if this level is lost, deeper supports may be 0.0054 USD and 0.0039 USD according to historical zones in March–April.
In the coming weeks, the scenario of a decline towards support levels of 0.0054 USD and 0.0039 USD (which were support in March and April) is considered plausible.
In the short term, 0.00855 USD is a support level worth watching. If sellers push the price below this level, a return to test 0.00855 USD as a resistance zone may occur, and this is often seen as an opportunity to establish short positions (depending on risk management).
Frequently Asked Questions
Why has the price of PENGU dropped sharply in recent months?
PENGU has decreased amid weakening sales volume of NFT Pudgy Penguins and the token has maintained a downward trend from August to now. The breaking of important support levels and low buying pressure (reflected through declining OBV) also contributes to prolonging the downtrend.
Is the outflow of PENGU from exchanges a definite bullish signal?
No. The outflow from exchanges may reflect accumulation, but the recent outflow range is not as strong as before and did not prevent a rapid price drop. More confirmation is needed from price structure and actual buying pressure.
Which level is the most important to watch in the short term?
The 0.00855 USD level is short-term support to watch. If the price loses this level, the risk of extended declines will increase, and the 0.00855 USD zone may become resistance when the price retraces.
What are the deeper support zones of PENGU?
The regions mentioned according to historical support are 0.0054 USD and 0.0039 USD, corresponding to support areas in March and April. These are levels that the market may pay attention to if the downward trend continues.
Source: https://tintucbitcoin.com/pengu-giam-73-lao-doc-chua-dung/
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