Pengu is falling 9%, but ATH Breakout is still within reach

Tl; Dr.

• Pengu rejected $ 0.043, but the daily map structure remains bullish above the short -term support.
• The whale activity increases on the Upbita as traders from Dogecoin shift to Pudgy Pinguins positions.
• Momentum shows early signs of blur like MacD plates, with $ 0.038 key for trend support.

Price withdraws from the resistance

Pudgy Penguins (Pengu) traded at $ 0.038 and marked a decrease of 9% in the last 24 hours. In the past week it has remained with around 5%. On the daily graph the price rejected the $ 0.043, which now functions as a resistance. This level has been tested several times, which shows increased sales in that area.

According to Market Watcher Lennaert Snyder, this type of pullback is expected under current market conditions. The total movement since July looks Bullish with the price that makes new higher lows and break higher. A further push further than $ 0.043 will validate the strength and a new high.

$ Promise Is a push away from printing a new Ath.

It rejected $ 0.43 resistance, which is normal to look at the market conditions.

Daily support is around $ 0.376, a retest there is a dream for longs.

Reclaiming $ 0.43 = fresh Ath.@pudgyypenguins are ready to fly high. pic.twitter.com/kkmt4outtq

– Lennaert Snyder (@lennaertsnyder) July 29, 2025

When Promise Know the level of $ 0.043 with volume support, graph tools suggest $ 0.073 as the next possible stop. This area comes up with a Fibonacci extension of a recent impulse wave. For now it must hold token above the short -term support and continue to press against resistance.

The layout from Snyder shows the path to $ 0.073 depends on the follow-up. Without that the market can stay in a range. A clean break and re -test would be the key to keep Bullish Momentum.

Large traders rotate in Pengu

Have trading activities on Upbit shown Strong interest of larger accounts, according to analyst Cas Abbé. They noted that the volume of Pengu Dogecoin has surpassed, which indicates a possible shift in Focus. Abbé added that some traders adjust their positions in favor of Pudgy Penguins.

After it fell after his $ 1.5 billion AirDrop, it actively bounced back and started climbing again. The current trading patterns imply that some traders will be looking for a larger movement in the coming weeks.

Momentum slow down on indicators

In the meantime, technical indicators provide mixed signals. The price remains above the 20-day advancing average, which confirms the upward trend in the short term. However, a rejection in the upper Bollinger band shows that the rally can cool down.

MACD values indicate that the main line is hardly above the signal line and the histogram has become flat. This suggests that the upward momentum has been delayed. A break under $ 0.038 could further unleash, while retaining a certain level of support can still cause an outbreak.