Pudgy Penguins (PENGU) Price Prediction for July 27
The post Pudgy Penguins (PENGU) Price Prediction for July 27 appeared on BitcoinEthereumNews.com. Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly. What’s Happening With Pudgy Penguins Price? PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around $0.04350. On higher timeframes, the daily chart confirms that Pudgy Penguins price action has broken free from its long-term accumulation box between $0.006 and $0.021. The breakout was supported by volume and Smart Money BOS markers. PENGU price is now forming higher highs and higher lows, showing a textbook uptrend structure with bullish continuation potential. The directional movement index (DMI) on the daily chart remains bullish. The +DI is leading at 61.5 while -DI continues to weaken. This is reinforced by a sharp uptick in the Money Flow Index (MFI), currently at $78.59. The reading signals aggressive capital inflow, though it is nearing overbought conditions. Why Is The Pudgy Penguins Price Going Up Today? The latest rebound is being driven by strong structural defense and signs of momentum returning. The 30-minute RSI has moved back above 66.30 and continues to flirt with the 70 zone. This suggests a possible breakout setup. Meanwhile, VWAP has now flipped into support near $0.04196, with price comfortably trading above it and pressing toward the upper session band. From a Smart Money Concepts perspective, multiple BOS (Break of Structure) levels were reclaimed this week. PENGU is now attempting to break above the most recent…
The post Pudgy Penguins (PENGU) Price Prediction for July 27 appeared on BitcoinEthereumNews.com.
Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly. What’s Happening With Pudgy Penguins Price? PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around $0.04350. On higher timeframes, the daily chart confirms that Pudgy Penguins price action has broken free from its long-term accumulation box between $0.006 and $0.021. The breakout was supported by volume and Smart Money BOS markers. PENGU price is now forming higher highs and higher lows, showing a textbook uptrend structure with bullish continuation potential. The directional movement index (DMI) on the daily chart remains bullish. The +DI is leading at 61.5 while -DI continues to weaken. This is reinforced by a sharp uptick in the Money Flow Index (MFI), currently at $78.59. The reading signals aggressive capital inflow, though it is nearing overbought conditions. Why Is The Pudgy Penguins Price Going Up Today? The latest rebound is being driven by strong structural defense and signs of momentum returning. The 30-minute RSI has moved back above 66.30 and continues to flirt with the 70 zone. This suggests a possible breakout setup. Meanwhile, VWAP has now flipped into support near $0.04196, with price comfortably trading above it and pressing toward the upper session band. From a Smart Money Concepts perspective, multiple BOS (Break of Structure) levels were reclaimed this week. PENGU is now attempting to break above the most recent…
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