TL;DR
- Whale wallets are rising PENGU holdings regardless of the value dropping over 12% in a single week.
- PENGU now trades on Robinhood Superior, giving merchants new instruments throughout a market-wide downturn.
- Analysts watch the important thing assist zone close to $0.030 as the value stalls and indicators stay weak.
PENGU Now Out there on Robinhood Superior
Pudgy Penguins (PENGU) is now listed on the Robinhood Superior buying and selling platform, because the challenge’s official account introduced. The itemizing provides customers of Robinhood entry to PENGU utilizing superior instruments for buying and selling.
$PENGU is now stay and tradable on the @RobinHoodApp superior buying and selling platform, Robinhood Legend pic.twitter.com/Z6yr2t2kgT
— Pudgy Penguins (@pudgypenguins) August 5, 2025
On the time of writing, PENGU was priced at $0.033. Over the past 24 hours, buying and selling quantity reached $409 million. The token has seen a worth drop of 5% previously day and 12% over the past week.
These declines observe a broader downtrend within the crypto market, the place a number of digital belongings have posted comparable losses.
Giant Wallets Accumulate Throughout Worth Drop
Whereas the token’s worth has fallen, some wallets are rising their holdings. Lennaert Snyder posted:
“PENGU whales are rising exponentially.” He additionally mentioned, “As worth is rising, extra whales are accumulating PENGU.”
These feedback seem out of sync with the current worth motion, as information reveals an obvious decline.
Analyst Sjuul from AltCryptoGems shared,
“PENGU is tapping into this demand and attempting to bounce from there.” They added, “So long as we maintain right here, we must be good to go.”
These statements counsel that the market is watching the present worth stage intently, however route stays unsure.
Worth Holds Close to Key Assist Zone
PENGU is buying and selling close to a assist zone between $0.028 and $0.032. This space beforehand acted as resistance and now serves as a stage the place patrons are lively. The asset has pulled again from a current peak close to $0.047. If this zone holds, a transfer increased is feasible. A drop beneath might result in additional losses.
In the meantime, technical indicators are nonetheless weak. The Bull Bear Energy (BBP) is at -0.001655, exhibiting sellers are lively. The Relative Energy Index (RSI) is at 42.78, which displays low shopping for energy. The RSI can also be beneath its common line, pointing to continued downward motion.
Merchants Watch Falling Wedge Sample
Satoshi Flipper famous that the PENGU 4-hour chart reveals a falling wedge sample. He mentioned,
“PENGU falling wedge continues to fill out properly as worth retests sturdy assist once more.”
This sample is usually tracked for breakouts, however no transfer has been confirmed but.
Crypto analyst Ali Martinez additionally identified that this space is essential for patrons. The market will possible react to any clear transfer above or beneath this zone.
The publish Robinhood Lists PENGU as Whales Purchase the Dip Amid 12% Worth Slide appeared first on CryptoPotato.