PENGU drop 21%, dey test $0.025 support for ETF and Asia hopes

Published: 2025-08-18 14:57:00 |

Pudgy Penguins token (PENGU) don drop 21% for di past week, e start from local high of $0.047 come down reach $0.031 as we dey report. Di drop put PENGU for one critical support zone wey dey between $0.0302 and $0.0251, which na 0.382 Fibonacci retracement mark. Analysts see dis movement as healthy correction and dem highlight some potential good things we fit make PENGU price go up, like upcoming ETF filing, market growth for Asia, and strong toy sales wey connect to di brand. Technical analysts like Altcoin Sherpa dey flag di $0.025 level as strong floor since trading volume slow down during di pullback. If e fit hold pass dis support, e fit help PENGU bounce back go di recent highs. Di NFT market metrics also feel di effect: Pudgy Penguins collection market cap drop 17% to $491 million. But institutional interest still steady as BTCS Inc. recently add three Pudgy Penguins NFTs enter dia treasury, showing say corporate adoption dey grow. For traders, dis PENGU correction fit give better buying chance around di $0.025 support level, with chances for price up if ETF approval come on time and Asia market still dey grow. To monitor trading volumes and NFT valuation trends go important to understand PENGU short-term momentum and long-term outlook.

Bullish

PENGU drop by 21% enter key Fibonacci support zone at $0.025 na show say e be better correction, no be breakdown. Historical pattern for altcoin market dey often show say support level go dey test again before big rebound, especially when fundamental catalysts dey. For this case, possibility of ETF filing, steady growth for Asian markets, and strong merchandising revenue from toy sales dey create strong bullish story. Plus, corporate adoption of Pudgy Penguins NFTs by BTCS Inc. dey show increasing institutional interest wey fit boost investor confidence. If trading volume hold steady and $0.025–$0.030 range hold, PENGU fit continue to trend upward. Short term traders fit make use of oversold conditions, long term investors go dey watch ETF timelines plus broader NFT market dynamics. Overall, all these factors dey point to bullish outlook for PENGU market performance.