Crypto analyst Ali (@ali_charts) highlighted a potential dip in PENGU toward $0.025 as part of a broader market correction. His chart shows that after recent declines from local highs near $0.039, the token may retrace further to test lower support. He frames this drop as a “healthy correction,” pointing to a possible consolidation phase before the next leg up.
The analysis ties price action to several external factors. Ali mentioned the upcoming ETF filing, strong growth in Asian markets, and revenue from millions of toy sales as fundamental drivers that could fuel demand. These factors suggest that despite short-term weakness, long-term prospects remain positive.
The chart projection outlines a near-term sideways move, followed by recovery and a steep rally potentially above $0.10. Ali emphasizes that corrections of this nature often reset the market structure, providing the base for larger upward moves.
Analyst Altcoin Sherpa (@AltcoinSherpa) shared his outlook on PENGU, noting that he missed buying at the lower green support zone shown on the chart. He indicated he might start a position at current levels and add more if the price declines further. The chart highlights Fibonacci retracement levels, with the 0.382 level near $0.0317 and deeper supports extending toward $0.0225.
Sherpa emphasized that PENGU stands out in the meme coin sector because it combines multiple features. He described it as a hybrid project spanning memes, NFTs, and real revenue generation. This mix, he argued, provides the token with stronger fundamentals compared to typical meme assets.
The analysis points to consolidation around key retracement levels after a strong rally in July. The highlighted support zone between $0.027 and $0.032 continues to act as a crucial area for buyers. While Sherpa expressed caution about entry timing, he reinforced confidence in the project’s long-term potential given its multi-sector positioning
The Pudgy Penguins NFT ecosystem has come under pressure as market capitalization dropped 17% in one week, sliding from $591 million to $491 million. Despite the decline, Pudgy Penguins still ranks among the most valuable NFT collections.
At the same time, institutional participation is beginning to surface. Nasdaq-listed blockchain firm BTCS Inc. revealed that it acquired three Pudgy Penguins NFTs for its corporate treasury. The purchase highlights how companies are testing NFTs as part of broader digital asset strategies.
Short-term volatility remains in play, but PENGU’s medium-term direction will hinge on two factors. The first is the potential approval of institutional products such as ETFs. The second is continued expansion across Asian digital and physical markets. For now, investors are closely monitoring the $0.025 support level as a key line in the sand.
On August 19, 2025, the PENGU/USD chart revealed the formation of a bullish pennant pattern after an extended rally. A bullish pennant forms when price surges sharply upward, creating what is called the flagpole, and then consolidates in a narrowing structure between converging trendlines. This consolidation usually occurs on declining volume. When confirmed, the breakout typically resumes in the direction of the original uptrend.
At the current price of about 0.03125, PENGU is testing the lower boundary of the pennant structure. The fifty-period Exponential Moving Average sits above at 0.03375, acting as short-term dynamic resistance. Regaining this level would add strength to the bullish case. Volume has decreased notably during the consolidation phase, which aligns with the expected behavior of a pennant. This contraction in activity indicates market participants are waiting for a decisive move before committing further.
Momentum indicators also support the setup. The Moving Average Convergence Divergence remains close to the zero line, with the signal and MACD lines intertwined. This neutral positioning reflects indecision but also suggests that momentum could expand once a clear breakout occurs. A turn upward in the MACD histogram would further confirm renewed buying pressure.
If price confirms the breakout by closing above the descending resistance line with strong volume, the technical target projects a sharp continuation move. The measured move, based on the height of the flagpole, implies a gain of roughly three hundred seven percent from the current level. This projection points toward 0.127 as a possible upside target.
For now, the consolidation zone between 0.031 and 0.033 remains the level to monitor closely. Holding this base keeps the pattern intact, while losing it would weaken the bullish structure and postpone the projected rally.
On August 19, 2025, the Relative Strength Index (RSI) chart for PENGU showed a reading near 35.67, placing the token close to the oversold threshold of 30. The moving average of the RSI stands at 39.66, slightly above the current RSI, which confirms bearish momentum in the short term.
Throughout July and early August, the RSI fluctuated between 35 and 70, reflecting alternating periods of strength and weakness. The sharp peaks above 70 in mid-July indicated overbought conditions that preceded local tops, while the repeated dips below 40 signaled growing selling pressure. This recent decline toward 35 reinforces that sellers are dominating.
Despite weakness, the current zone near 35 is notable because it often acts as a reversal region in trending markets. If RSI dips further toward 30, it would mark classic oversold conditions, increasing the probability of a relief bounce. However, if RSI fails to reclaim 50 and continues trending below the moving average, the bearish momentum will likely persist.
This RSI setup aligns with the ongoing consolidation seen in price action. It suggests that while PENGU faces short-term downside risk, the approach toward oversold conditions may set the stage for a momentum shift once demand strengthens.
