After falling sharply final week, PENGU is now on the rise once more and has recorded a 13% enhance within the final 24 hours. Furthermore, it has gained 80% because the $0.014 low (on CoinGecko) marked through the market-wide crash.
Channel Help Stays Intact
Based on a weekly chart shared by Ali Martinez, PENGU remains to be holding inside a descending channel that has been in place since July. The current drop brought on an extended wick beneath the construction, however the candle closed again contained in the channel. The asset is now approaching $0.026, with help seen at $0.023.
What occurred on Friday was removed from regular. Some name it a black swan; others name it excessive manipulation.
Most charts now present insane wicks to the draw back, however strip out the noise and also you’ll see $PENGU holding construction.
If $0.023 holds, a breakout to $0.13 is in play. pic.twitter.com/eQlbH0IzRU
— Ali (@ali_charts) October 13, 2025
In the meantime, the analyst stated Friday’s drop was “removed from regular” and described by some as a “black swan” occasion. Regardless of the sharp motion, the value construction stays legitimate. If help holds, a transfer towards $0.13 remains to be doable primarily based on the channel’s breakout projection.
A separate evaluation from CryptoPulse factors to a bullish flag on the every day chart. After dipping outdoors the formation, the asset shortly returned inside. This means the sample should still be in play. The following upside zone is projected close to $0.032 to $0.034.
Notably, the setup depends upon the value remaining above the decrease trendline. CryptoPulse famous {that a} drop beneath this line may shift the outlook, with $0.017 as the following help to observe. For now, larger lows proceed to type alongside the help stage.
Momentum Indicators Flip Optimistic
Quick-term indicators are displaying indicators of restoration. The Bollinger Bands on the 4-hour chart present the value rebounding above the center band, with resistance close to $0.0296. The MACD line has crossed above the sign line, and the histogram is again in optimistic territory, displaying early momentum in favor of patrons.
Market information reveals a shift in dealer positioning. The lengthy/brief ratio for PENGU has climbed from beneath 0.80 on October 10 to above 1.10 by October 12. Purchase quantity is outpacing promote quantity, pointing to elevated bullish sentiment amongst individuals.
Actually, the pattern suggests rising confidence in a doable breakout if help ranges are revered.
The publish PENGU Bounces 80% After Large Crash: Is $0.13 the Subsequent Goal? appeared first on CryptoPotato.