Plump penguins (PENGU)!

Buy on the dip or on the breakout? Pengu is consolidating in the range of $0.025 to $0.035.

Pudgy Penguins stocks (PENGU) are under pressure today, falling more than 1% and trading around $0.030. Just a few days ago, PENGU was leading the CoinGecko trends ranking, but now their momentum has weakened as experts await the next major catalyst.

Having risen nearly 400% in a few days, the token has entered a correction, prompting experts to discuss further actions.

Crypto analyst Ali Martinez noted that the price dynamics of PENGU still reflect the fractal from April to July, when a similar period of sideways movement preceded a strong rise. According to Martinez, this could be a reason to buy on the dip before PENGU attempts to make a new upward move.

Why is the price of PENGU falling?

Bearish pressure is intensifying due to the decision of the U.S. Securities and Exchange Commission (SEC) to postpone the approval of the Canary Spot Pengu ETF, pushing the launch date to October 12, 2025. The weakness is also attributed to several other key factors.

Firstly, the activity of new retail investors has slowed down, and early investors are taking profits. Secondly, the valuation of PENGU relative to Solana (SOL) has reached historical highs, making it difficult to justify further growth. Thirdly, large shareholders seem to be selling, which may indicate a decline in confidence.
Over the past week, the token is still growing by almost 2%. But the overall picture shows that, on a monthly basis, Pudgy Penguins has fallen by more than 24%. For Pudgy Penguins, this means that the key question is not whether it can achieve short-term growth, but whether its tokenomics can sustain value in the long term. Currently, PENGU is consolidating in the range of $0.025 to $0.035, which is a critical support zone. If this support holds, forecasts indicate a possible move towards $0.06–$0.07 in the short term. However, a breakout below $0.025 could jeopardize the optimistic outlook.