TLDR:
- PENGU price bounced at the 0.618 golden ratio after dropping to $0.009579.
- at $0.0123 now defines the next breakout path toward $0.017.
- Volume jumped 45.7% in 24 hours, pushing weekly gains to over 14%.
- Analysts see $0.025 as the next target if bullish momentum continues.
The price of Pudgy Penguins (PENGU) is showing renewed bullish momentum after a clean technical correction.
Recent price action suggests a potential upward continuation, interesting traders and analysts. Market activity has picked up, with stronger buying pressure emerging at key levels.
Analysts are now watching as PENGU tests a critical level that could define its short-term direction. A sustained hold here could open the door to further gains soon.
PENGU Price Bounces After Touching 0.618 Fib Level
PENGU recently retraced to the 0.618 Fibonacci level, a zone often referred to as the “golden ratio.” The correction brought the token down to approximately $0.009579 before rebounding with strength. This level is commonly seen as a reliable in uptrending markets.
Following the bounce, the price climbed above the 0.786 retracement level, ing $0.012258 and reaching around $0.012493. This upward move signals growing confidence among bulls after the pullback.
After a clean correction to the 0.618 Fib, often called the golden ratio, $PENGU is rebounding with strength.
Reclaiming $0.0123 as could pave the way to $0.017, and potentially $0.025. pic.twitter.com/hE85daTBaY
— Ali (@ali_charts) June 11, 2025
The $0.0123 level is now being watched as a key in the ongoing recovery. Crypto analyst Ali suggested that holding this zone could clear the path for the next resistance at $0.017. This level reflects a previous swing high and is seen as a logical target if the current trend holds.
Beyond that, the $0.025 level aligns with the 1.272 Fibonacci extension, a common bullish target during strong market moves. Crypto Claws echoed this view, adding that momentum could carry PENGU toward new highs if is maintained.
Trading Volume and Market Interest on the Rise
Recent data shows the PENGU price is $0.01169, with a 24-hour volume of $177.6 million. This represents a 5.73% price increase in the past day and a 14.52% rise over the week.
Additionally, the surge in volume, up 45.70% from the previous day, signals increasing market interest.
Such activity indicates that traders are actively positioning around key levels. The strength of the rebound and rising demand both the bullish outlook for now.
If the $0.0123 zone holds as , analysts see clear room for upside toward $0.017 and possibly $0.025. The move off the golden ratio suggests strong hands are defending the trend. With momentum and volume leaning bullish, PENGU appears set for another leg up.
