Pudgy Penguins (PENGU) has fallen nearly 10% in 24 hours to around $0.0098 on Sept. 24, even as the token remains roughly 38% higher over the past seven days.
Summary
- PENGU fell nearly 10% in 24 hours while remaining roughly 38% higher over seven days.
- CoinGlass showed open interest near $156 million as derivatives activity cooled during the latest pullback.
- RSI at 67.15 remained below overbought territory while the Aroon Oscillator stayed positive near 57.
- Ali Charts identified weekly buy signals, while his $0.025 and $0.045 targets remain projections only.
- Spot netflow was slightly positive near $88,550, showing limited imbalance between exchange inflows and outflows.
CoinGecko data shows PENGU trading around $0.0098 during the latest check, with a 24-hour range between $0.009478 and $0.01111. Its market capitalization stood near $619 million, while 24-hour trading volume was approximately $376 million.
The token had climbed from $0.00685 on Sept. 15 to above $0.010 earlier this week, CoinGecko historical data shows. PENGU reached the $0.011 area before sellers pushed the price back under the psychologically watched $0.010 level.
PENGU price has slipped below $0.01 after its rally
The latest decline follows several days of strong gains. CoinGecko recorded PENGU at $0.00726 on Sept. 17 and $0.01003 by Sept. 22, showing how quickly the token advanced before the latest pullback.
CoinGecko still placed PENGU’s seven-day return near 38.2% during the Sept. 24 check. The token remained approximately 85% below its $0.06845 all-time high despite the weekly recovery, while its circulating supply stood at roughly 62.86 billion tokens.
No single verified project-specific event reviewed for this report established the cause of Thursday’s drop. Market data instead shows the decline occurring after PENGU reached its highest price in several months and after derivatives participation began cooling.
PENGU open interest has fallen as traders reduce exposure
A Sept. 24 CoinGlass snapshot showed derivatives volume down 12.68% at approximately $536.67 million, while open interest declined 11.66% to roughly $154.03 million. A later live reading placed open interest near $156.47 million and 24-hour futures volume around $576.31 million, showing how quickly the figures can change intraday.
CoinGlass recorded nearly $1.94 million in PENGU futures liquidations over 24 hours during that later reading. Falling open interest means fewer futures positions remain outstanding, although CoinGlass notes that position closures can result from voluntary exits or forced liquidations and do not identify a single directional cause.
Spot flows looked less decisive. The Sept. 24 CoinGlass netflow reading supplied with the market data stood near +$88,550, meaning exchange inflows were only slightly above outflows at that point. The recent flow series contained both positive and negative readings without a sustained run of large positive inflows.
Technical indicators remain positive but momentum is stretched
PENGU’s 14-period RSI stood at 67.15 in the chart data provided for Sept. 24. The reading remains above the neutral 50 level and below the conventional 70 overbought threshold, showing strong momentum without formally entering the usual overbought zone. The RSI moving average sat near 50.56.
The Aroon Oscillator was approximately +57.14, indicating that recent highs have occurred more prominently than recent lows over its 14-period window. Both measures remained positive despite the price rejection above $0.010.
The $0.0095 region therefore sits close to the token’s Sept. 24 intraday low of $0.009478 recorded by CoinGecko. A loss of that area would place PENGU below the short-term support identified by CoinLore, while a recovery above $0.0105 would move price back toward its recent highs.
Analysts are watching $0.011 before higher PENGU targets
Crypto analyst Ali Charts has pointed to several weekly indicators that he views as constructive. His Sept. 22 analysis identified contracting Bollinger Bands, consecutive Tom DeMark Sequential buy signals, a bullish Parabolic SAR flip and a SuperTrend buy signal.
Ali wrote “PENGU BULL RUN IS ABOUT TO START” while placing the midpoint of a parallel channel around $0.025 and its upper boundary close to $0.045. Both levels are analyst projections, not confirmed price outcomes. Independent coverage of his chart documented the same Bollinger Band, TD Sequential, Parabolic SAR and SuperTrend readings.
Two days later, Ali compared PENGU’s structure with an earlier PEPE cycle and wrote “PENGU ABOUT TO EXPLODE.” His comparison relies on a historical price fractal, so a similar past pattern does not establish that PENGU will follow PEPE’s previous trajectory.
Crypto Patel presented a different set of levels, identifying approximately $0.009 as a confirmed breakout zone and $0.0055 as higher-timeframe support. His projected levels were $0.015, $0.028, $0.043 and $0.060 if PENGU confirms a break and retest of its descending higher-timeframe trendline.
Patel stressed the need for confirmation, writing, “I don’t want to chase a candle. I want to see a clean break.” His $0.060 scenario represents a forecast based on technical structure and is not a verified future price.
Pudgy Penguins has fresh product activity behind the token
Pudgy Penguins has continued expanding its consumer products while PENGU trades through the current volatility. The project’s official store lists new fall products including stationery, water bottles, stickers and stress-ball sets, while a Sept. 23 report described a 12-product Pudgy Essentials release.
A separate corporate filing provided another verified ecosystem update. Mint Incorporation filed a Form 6-K on Sept. 15 stating that subsidiary Rice AI had entered a licensing agreement with Pudgy Penguins to develop and commercialize a limited-edition Blue Pengu Minibot. The filing describes the product as an AI-powered companion robot using Pudgy Penguins intellectual property.
Rice AI received a non-exclusive worldwide license for the product, according to the filing. The company will cover production, marketing, product compliance, warranty and after-sales support costs, while sales are planned through Rice AI-controlled e-commerce and physical retail channels.
