#CryptoScamSurge Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly.
What’s Happening With Pudgy Penguins Price?
PENGU price dynamics (Source: TradingView)
PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around 0.0345.
Why Is The Pudgy Penguins Price Going Up Today?
PENGU price dynamics (Source: TradingView)
The latest rebound is being driven by strong structural defense and signs of momentum returning. The 30-minute RSI has moved back above 66.30 and continues to flirt with the 70 zone. This suggests a possible breakout setup. Meanwhile, VWAP has now flipped into support near $0.04196, with price comfortably trading above it and pressing toward the upper session band.
