Will PENGU Penguins Fly Again or Dive Deeper? 🐧💰

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TL;DR

  • PENGU flaps its wings at $0.030-$0.025 after a 21% weekly nosedive from the lofty heights of $0.047.
  • Analysts whisper sweet nothings about ETF dreams, Asian expansion, and toy fever as the saviors of PENGU’s plummeting price.
  • NFT collection takes a 17% dip, yet corporate collectors show a glimmer of hope with growing institutional curiosity.

Pudgy Penguins (PENGU) waddled to $0.031 at press time, down 6% in the last 24 hours and 21% over the past week. The token soared to about $0.047 before gravity decided it had enough. Now, it’s eyeing a major support point at $0.025, like a penguin on the edge of an ice cliff, contemplating its next move.

Analyst Ali Martinez saw the decline as nothing more than a routine dance of the markets.

“$PENGU dip to $0.025 looks like a healthy correction,” he tweeted, perhaps a bit too optimistically.

He hinted at a few feathers that might help PENGU regain its flight, such as a potential ETF filing, a warm welcome in Asian markets, and a surge in toy sales. As if penguins needed more reasons to be popular!

$PENGU dip to $0.025 looks like a healthy correction! With ETF filing, Asia growth, and millions of toy sales, upside potential remains strong.

– Ali (@ali_charts) August 18, 2025

A chart from Altcoin Sherpa places PENGU’s current price action within a key support range, marked by the 0.382 Fibonacci level at $0.030. The lower end of the zone hovers around $0.025, a spot where PENGU once took a breather during a breakout in July.

Sherpa noted that PENGU is returning to familiar territory.

“I’m still bullish on $PENGU but maybe just a bit more chop before it moves again,” they mused, adding a touch of caution to the mix.

The analyst suggested a patient approach, hinting that a bigger move might be brewing beneath the surface. Trading volume has slowed during the drop, much like a penguin slowing down before a leap. If the price holds above this zone, it might just find the strength to soar once more.

The broader Pudgy Penguins ecosystem also felt the chill. The NFT collection’s market cap dipped from $591 million to $491 million in a week. Yet, despite the cold front, the collection remains among the top NFT projects by value, a testament to its resilience.

Last week, BTCS Inc., a publicly listed blockchain company, announced it had added three Pudgy Penguins NFTs to its corporate treasury. This move suggests that some firms are beginning to see the charm in these digital collectibles, even if they do come with a hefty price tag.

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2025-08-18 17:57