PENGU saw an 18% surge amidst a memecoin market rife with uncertainty and divergence between traders and analysts. The data suggests that PENGU could maintain this trend in the short term if it achieves improvements in its liquidity.
On the charts of the past week, PENGU showed patterns similar to those seen during PEPE’s breakout. Whales increased their exposure to the token, with their balances rising by 23.6% in the last 24 hours.
This accumulation occurred in parallel with a $4.02 million deposit of PENGU tokens on Binance, which analysts noted as a potential liquidity stabilizer for any bullish move.
From a technical perspective and in the short term, PENGU is expected to settle at $0.01138, with options at $0.01382. A sustained push above these levels is cited as the confirmation signal for a bullish reversal, with split targets at $0.015, $0.022, and $0.034.
The data that could pave another path for PENGU
Despite positive indicators for PENGU, there are several key points where a different scenario could unfold. Sentiment is at a critical point, having fallen 95% since mid-January. This is causing retail buyers to withdraw, leaving large portfolios to drive the price action.
Positioning in derivatives is asymmetric: Binance cash-and-perpetual data showed long exposure of around $3.55 million compared to short exposure of approximately $1.37 million, a configuration that could produce violent price swings if stop-loss orders are triggered.
Furthermore, there is also some selling pressure, where the risk of liquidity injections being ineffective persists. This would leave support at $0.0084.
Analysts described the divergence between price and sentiment as “the textbook definition of a shakeout,” designed to weed out weaker hands and concentrate supply in larger wallets.
Investors and compliance teams should treat PENGU as a highly volatile, catalyst-driven instrument: a decisive and sustained breakout above $0.01382 and the recovery of the Ichimoku Kijun to $0.01138 would materially strengthen the bullish case, while a break below $0.0084 would require product managers and risk desks to reassess exposure and liquidity provision.
