PENGU bounces 80% after massive crash: is $0.13 the next target?

PENGU recovers 13% after flash crash and regains key support. Analysts expect a breakout towards $0.03-$0.13 if momentum continues.

After falling sharply last week, PENGU is now on the rise again, registering a 13% gain in the past 24 hours. Furthermore, the price has risen 80% since the low of $0.014 (on CoinGecko) during the market-wide crash.

Channel support remains intact

According to a weekly chart shared by Ali Martinez, PENGU is still holding within a declining channel that has been active since July. The recent fall caused a long fuse under the structure, but the candle closed back into the channel. The asset is now approaching USD 0.026, with support at USD 0.023.

What happened on Friday was far from normal. Some call it a black swan; others call it extreme manipulation.

Most cards now show crazy fuses at the bottom, but remove the noise and you’ll see $ Promise holding structure.

If $0.023 holds, a breakout to $0.13 is in play. pic.twitter.com/eQlbH0IzRU

— Ali (@ali_charts) October 13, 2025

Meanwhile, the analyst said Friday’s decline was “far from normal” and was described by some as a “black swan”. Despite the sharp movement, the price structure remains valid. If support holds, a move towards $0.13 is still possible based on the channel’s breakout projection.

A separate analysis of CryptoPulse points to a bullish flag on the daily chart. After diving outside the formation, the asset quickly returned inside. This suggests that the pattern may still be in play. The next upside zone is projected near $0.032 to $0.034.

The setup mainly depends on the price staying above the lower trend line. CryptoPulse noted that a drop below this line could change the outlook, with $0.017 as the next support to watch. For now, higher lows continue to form along the support level.

Momentum indicators turn positive

Short-term indicators are showing signs of recovery. The Bollinger Bands on the 4-hour chart show the price recovering above the middle band, with resistance near $0.0296. The MACD line has broken above the signal line and the histogram is back in positive territory, showing early momentum in favor of buyers.

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Market data shows a shift in traders’ positioning. The long/short ratio for PENGU has risen from below 0.80 on October 10 to above 1.10 on October 12. Buying volume exceeds selling volume, indicating increased bullish sentiment among participants.

In fact, the trend indicates growing confidence in a possible breakout if support levels are respected.