***$PENGU *** stay alert

Pudgy Penguins (PENGU) has recently shown strong market activity with significant price movements. Currently priced around $0.0115, it has dropped about 7.4% in the last 24 hours but is still up over 127% for the week, highlighting a strong short-term rally. Despite this surge, the price remains more than 83% below its all-time high of $0.0692 reached in December 2024.

Technical indicators suggest PENGU has broken out of a descending resistance trend, hinting at a possible long-term bullish reversal. However, some metrics are flashing overbought signals, raising the possibility of a short-term correction. The project’s market cap is approximately $725 million, with a 24-hour trading volume around $418 million and a circulating supply of about 62.86 billion tokens.

Recent ecosystem developments have also boosted investor sentiment. A major airdrop concluded in February 2025, and unclaimed tokens were burned, reducing the overall supply. Additionally, the brand has expanded into global merchandise and new partnerships, adding further credibility.

Looking ahead, analysts predict short-term price targets between $0.0147 and $0.0185, with longer-term estimates reaching as high as $0.0398 by August 2025. Investors should remain cautious of potential short-term pullbacks while monitoring ongoing developments.