TLDR
- PENGU has risen to $0.006722, marking a 7.8% increase over 24 hours following a falling wedge pattern breakout
- Following support level defense, the token surged 17.36%
- The Pengu Card powered by Visa has gone live, introducing practical utility for token holders
- A proposed PENGU-linked NFT ETF faces regulatory hurdles, limiting institutional capital flow
- Critical resistance zone sits at $0.006930 — clearing this level could propel prices toward $0.0075–$0.0079
Pudgy Penguins (PENGU) has climbed to $0.006722, registering a 7.8% increase over the past 24 hours.
This upward movement comes after the token escaped from a falling wedge configuration, a technical pattern that signals diminishing selling pressure and emerging buyer dominance.
Prior to this breakout, PENGU defended critical horizontal support zones before launching a substantial 17.36% rally.
Market observers have dubbed this surge a February “waddle back” — a notable recovery that persisted despite weakness across the wider cryptocurrency landscape.
The introduction of the Visa-backed Pengu Card represents a significant development, providing token holders with tangible real-world functionality beyond speculative trading.
Meanwhile, a proposed NFT ETF tied to PENGU has encountered regulatory obstacles, creating headwinds for potential institutional capital inflows.
From a technical perspective, PENGU continues to trade beneath all significant moving averages.
The RSI (Relative Strength Index) has recovered from oversold conditions, suggesting the current upward momentum has legitimate technical support.
Key Resistance Levels
The critical price threshold demanding attention is $0.006930.
Should PENGU successfully breach and maintain a position above this barrier, near-term price objectives of $0.0075 and $0.0079 become viable.
Beyond these levels, $0.00783 represents a historically significant resistance point. Past breaches of this threshold have typically preceded more substantial price advances.
Additional resistance barriers exist at $0.0115 and $0.0141, which would become relevant should the uptrend maintain momentum.
Support Levels to Watch
On the lower end, crucial support zones include $0.00644, $0.00617, $0.00612, and $0.00586.
Should bullish momentum weaken and PENGU fail to defend these thresholds, a decline toward $0.0052 becomes plausible — representing a potential 22% retracement from present values.
Looking further down, $0.00452 has previously functioned as a temporary price floor based on historical data.
As of February 25, 2026, PENGU is positioned at $0.006722 with immediate resistance at $0.006930 serving as the next crucial test for the digital asset.
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