Pudgy Penguins ($PENGU) Shows TD Sequential Buy Signal While Price Approaches Critical Support Level

TD Sequential Buy Signal: The $PENGU token has triggered a TD Sequential “9” buy setup on its 3-day chart, indicating potential exhaustion of its bearish trend and a possible short-term rebound if it holds above the support zone of $0.015-$0.016.

Price Targets and Market Sentiment: If $PENGU maintains its support, it could target price levels of $0.020-$0.023, with historical data suggesting that similar setups often precede price recoveries, especially when market sentiment stabilizes.

Whale Activity and Ecosystem Growth: Increased whale activity and expanding partnerships within the Pudgy Penguins ecosystem are enhancing its recognition as a leading meme coin, which may contribute to price stabilization despite short-term volatility.

Technical Analysis and Trading Watch: Traders are monitoring for a bullish candle close above the previous 3-day high to confirm renewed buying momentum, while failure to maintain the current support could lead to further declines.