PENGU Faces Diverging Technical Signals as Pattern History Clashes With Recent Breakdown

Analyst Ali links past rallies to recurring bullish flags with projections near $0.10 based on earlier channel trends.

A sharp drop below $0.025000 disrupted the prior structure and changed focus to near term recovery or deeper support tests.

RSI at 35.33 and a bearish MACD crossover show fading momentum and potential pressure toward the $0.015000 zone.

PENGU’s price action has shifted into a complex phase where earlier bullish structures now compete with fresh signs of short-term weakness. Analyst Ali recently pointed to a sequence of bullish flags forming across multiple months, noting that a breakout from the current setup could launch price toward $0.10

The view comes from earlier rallies that advanced in impulsive bursts and then cooled inside descending channels. However, the latest market behavior has broken from that pattern, introducing a different technical tone that traders are now dissecting.

Earlier Channel Breakouts

PENGU rallied sharply between late April and early May, climbing from about $0.0040 to roughly $0.0200. After that move, price consolidated in a downward-sloping channel before another spike in mid-July pushed it near $0.0400

According to analyst Ali, those rallies formed a repeating rhythm of expansion followed by compressed pullbacks, leading observers to track a second descending channel that developed from August to October

That channel ranged between about $0.0270 and $0.0390. The upper boundary aligned with resistance, while the lower boundary acted as a base during each dip. Because of those earlier recoveries, projections pointed to a possible breakout above the upper trendline, with some dotted outlines indicating a potential climb toward $0.105000

Each upswing appeared to build on prior momentum, reinforcing the idea that consolidations were functioning as temporary pauses rather than trend shifts. That perspective remained in focus as long as the price held the lower support near $0.0270.

Breakdown Disrupts the Constructive Structure

However, recent trading action has disrupted that framework. PENGU fell sharply from the $0.030000–$0.040000 band and slipped below the prior $0.025000–$0.035000 consolidation zone

The most recent daily candle showed a long lower wick, raising the possibility of a liquidity flush or capitulation move. Notably, the drop placed price outside the previously stable channel tied to mid-year activity.

Source: TradingView

The RSI is at 35.33, approaching common oversold territory under 30. That reading indicates weakening buying pressure while also hinting at potential exhaustion if momentum slows

In addition, the MACD is a bearish crossover, with the MACD line at –0.000593 below the signal line at –0.000684. Histogram readings remain in negative territory, confirming persistent downside momentum.

Key Levels and Next Move

For now, the $0.025000–$0.027000 area has become an important test. A daily close back above that zone could neutralize some of the recent damage and open space toward $0.030000–$0.033000

Otherwise, extended trading below $0.022000 may validate another slide, with deeper support near $0.015000–$0.018000. The recent move has pulled attention away from the earlier bullish channel and forced a reassessment of momentum heading into the next phase.

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