PENGU Consolidates in a Bullish Flag Pattern, but This Price Level Could Decide the Next Rally

PENGU trades at $0.03311 within bullish flag, with $0.035 resistance key for breakout potential.

24h trading volume surged 398% to $695M, showing strong market participation during consolidation.

TD Sequential flashed a buy signal, with support steady near $0.028 and upside target at $0.050.

Pudgy Penguins (PENGU) is trading at $0.03311 after gaining 14.33% in the last 24 hours. Market structure places the token in a bullish flag formation, where consolidation follows a sharp rally. Analysts confirm that this setup often develops after strong expansions, and a confirmed breakout could move prices higher.

Bullish Flag Formation and Price Development

According to an analysis prepared by Kamran Asghar, PENGU’s price action established a long accumulation phase between February and July near $0.010. This period showed consistent support before a sharp breakout built the flagpole and lifted the token above $0.050 in late July.

After the rally, the chart entered a descending channel where price consolidated, creating the textbook bullish flag structure. Current levels show PENGU trading between $0.025000 and $0.035000, with resistance defined at the upper boundary and support near the lower edge. Technical patterns indicate that volume surged during the rally but tapered during the consolidation phase, confirming the structured development of the flag.

Recent trading activity positioned the price at $0.03311, where intraday swings moved steadily toward the higher boundary of the channel. Analysts observed that market conditions reflect controlled consolidation, preparing the token for a possible continuation of the earlier uptrend.

Market Activity and Supporting Indicators

CoinMarketCap data recorded PENGU’s market capitalization at $2.08 billion, marking a 14.33% daily increase. The unlocked market cap stood at $2.06 billion, while fully diluted valuation reached $2.94 billion. Circulating supply was reported at 62.86 billion tokens from a total of 88.88 billion.

Source: AliCharts(X)

Trading volume surged to $695 million in 24 hours, representing a 397.98% increase compared with earlier sessions. The volume-to-market cap ratio was measured at 33.21%, reflecting high market participation during the current rally

According to analysis from Ali Charts, the TD Sequential indicator generated a buy signal on the three-day timeframe, while support remained stable near $0.028000. Market positioning shows PENGU consolidating in a bullish flag pattern. A confirmed breakout above $0.035000 could extend the earlier rally, with higher levels aligning near $0.050.

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