🐧 PENGU’s Wild Ride: Will It Crash or Soar? 🚀💸

by

Key Takeaways (Because Who Has Time for the Whole Story?)

PENGU, the Solana-based memecoin with more drama than a soap opera, rallied 16% and nearly hit $0.0436. But with rising Exchange Inflows, a Long/Short Ratio that’s moodier than a teenager, and shorts piling up, it’s like watching a penguin try to fly—it’s not going to end well. 🥶

In the midst of the market’s latest rollercoaster, Pudgy Penguins [PENGU], the Solana [SOL]-based memecoin that’s basically the class clown of crypto, posted a 16% rally. It’s now hovering at $0.0426, just a whisker away from its resistance level. Cute, but will it stick the landing? 🏊‍♂️💨

Spoiler alert: On-chain data says this party might be over before the cake is cut. 🎂🚫

PENGU Hits the Wall. Again. 🧱

The current uptrend has PENGU knocking on the door of $0.0436, a level where it previously face-planted with an 18% rejection. If history repeats itself, we’re in for a short-term pullback that’ll make your 401(k) look stable. 📉

Trading Volume jumped 15% in the last 24 hours, because apparently everyone and their grandma is watching this circus. Still, the real question is: Will the bulls break through, or will the bears reclaim their throne? 🐂🐻

On the 4-hour chart, PENGU broke past a descending trendline, flipping the structure bullish. It’s now trading above the 21-period Exponential Moving Average, which is basically crypto’s way of saying, “I’m kinda optimistic, but don’t quote me on that.” 📈

Chaikin Money Flow is at +0.10, which means money is still flowing in. But let’s be real, it’s like pouring water into a sieve—it’s not going to hold. 💦

If PENGU can’t break above $0.0436, expect profit-taking to kick in faster than a Black Friday sale. If it does, well, maybe we’ll see a new ATH. Maybe. 🚀

Bearish On-Chain Metrics: The Party Poopers 🎉🚫

Despite the bullish signals, on-chain metrics are the buzzkill at this crypto party. CoinGlass data shows a $2.03 million Net Exchange Inflow in the last 24 hours. Translation: People are dumping PENGU like it’s last season’s fashion. 👗🗑️

The Long/Short Ratio dipped to 0.95, with Short Positions (51.06%) outnumbering Long Positions (48.94%). Basically, traders are betting PENGU will face-plant at resistance. Again. 🕳️

While the short-term trend is still bullish, rising Exchange Inflows and negative sentiment in the derivatives market suggest a correction is coming. Unless buyers step in with the force of a thousand suns, PENGU might revisit $0.038. 🌞💔

Read More

2025-07-26 23:06