Penguins Invade OpenSea, Crypto Flippers Panic-Is $0.04 the Next Fish?

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Key Takeaways

PENGU’s sudden ascension is thanks to OpenSea and a bullish breakout, presumably not involving actual fish, although the ADX technical indicator looks as confident as a penguin on roller skates.

Pudgy Penguins [PENGU] have finally waddled away from their cozy price igloo, breaching a bullish chart pattern and triggering the sort of buy signals that make technical analysts salivate into their keyboards.

Buy signal flashes

Ali Martinez, well-known analyst and purported penguin whisperer, has declared via X (formerly Twitter, currently shaped suspiciously like a bird cut-out) that the TD Sequential Indicator is showing all the excitement of a penguin with a fresh bucket of sardines.

This memecoin has attracted so much attention that the penguins are probably considering hiring security. With a tidy 16% gain in 24 hours, PENGU was trading at $0.03317 at press time, featuring more hype than the average Antarctic disco.

Why is PENGU’s price rising?

What is sending the price hurtling upward like a penguin on a greased slide? The answer, dear reader, lies in the unprecedented popularity of Pudgy Penguins NFTs and the peculiar ways humans choose to spend their money. 📈🐧

On September 4th (a day not previously renowned for Penguin drama), OpenSea announced its integration with Pudgy Penguins NFTs. In a breathtakingly official post on X, OpenSea declared,

“Penguins have come home. OpenSea is now the official marketplace for both Pudgy Penguins and PENGU.”

Pudgy Penguins confirmed this news, presumably while wearing monocles and tiny top hats, announcing OpenSea is now their official nest.

Since then, the PENGU token itself has taken off like a flightless bird in denial, up 18% and busy rehearsing for its next gravity-defying trick.

PENGU price action and technical analysis

AMBCrypto’s technical experts, armed with an alarming number of charts and coffee, noted that PENGU broke out of a bullish falling wedge-not to be confused with a normal wedge, which would crumble under the pressure.

On the daily chart, PENGU had apparently been building this suspense since July 2025, which means either extraordinary patience or the world’s most distracted penguin.

If PENGU manages to not slip on the ice at $0.032, history suggests it could march up to $0.040 with optimism rivaling a penguin attending an ice cream factory opening. The $0.0365 level, however, looms like the unwelcome cousin at a family reunion. 🧊

The SuperTrend indicator has turned green and is now lurking below the price, giving traders something to cheer about apart from their coffee. 🟢

Unfortunately, the Average Directional Index (ADX) is at 18.85, politely indicating that the momentum is as weak as a penguin attempting ballet.

Traders look for these levels

Latest data suggests the key penguin paddling points are $0.02993 on the low side and $0.03405 on the high, according to CoinGlass, which presumably has a special mode for flightless birds.

Apparently, traders have hoarded $14.10 million in long positions and $4.90 million in short positions. The bulls are running things, but as every penguin knows, even the best ice can crack. 🐧💸

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2025-09-09 01:17