Pudgy Penguins price prediction: Range-bound action as PENGU slides below key averages

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Pudgy Penguins slides 8.78% today

Highlights

Pudgy Penguins launched Pudgy World, a browser-based game integrating crypto wallets, but immediately faced a phishing attack via a copycat website targeting user credentials.
Past scam attempts have not reversed the bearish price trend, with Pudgy Penguins’ token under broader market selling pressure.
PENGU trades in a volatile, range-bound pattern near $0.00720, with technical indicators signaling weak trend strength and continued downside risk.

Phishing risks intensify as Pudgy World launch boosts activity

Pudgy Penguins launched a new browser-based game, Pudgy World, on March 10, allowing users to explore a virtual world, customize avatars, and complete quests, with some features requiring cryptocurrency wallet connections. Shortly after the launch, a cybersecurity alert was issued by Malwarebytes Labs regarding a phishing campaign using a fake website impersonating Pudgy World to steal wallet credentials. Pudgy Penguins has previously faced similar scams though price action has remained under broader selling pressure.

Mixed momentum and volatility signal downside despite indicator divergence

Momentum signals on the daily chart are mixed, with MACD showing a mild buy bias while ADX indicates weak trend strength (neutral). RSI is in neutral territory but leans bullish, while CCI is overbought and Stoch RSI hovers near mid-range, hinting at possible exhaustion. BBP signals strong buyer dominance intraday, but the session saw a sharp 8.78% decline with the price opening nearly flat and now trending toward the session low ($0.00716), reflecting high intraday volatility and clear downward pressure after the open despite some internal indicator divergences.

Declines favored as weekly momentum fails to confirm recovery

For the coming week, the expected range is $0.00659 to $0.00786, centered around current levels and in line with typical volatility. With none of the key weekly momentum indicators giving a buy signal, there is a very low probability (less than 20%) of a sustained price increase in the near term, making declines more likely. Baseline scenario: price remains volatile but largely range-bound near current levels. Bullish scenario: a sustained breakout above immediate resistance at $0.00720 could target the upper end of the volatility band ($0.00786), while a break below short-term support ($0.00712/$0.00711) may quickly test the weekly low forecast near $0.00659.

Anton Kharitonov, analyst at Traders Union, sees persistent bearish pressure on Pudgy Penguins despite short-term technical supports. He notes that security risks and phishing attempts have weighed on sentiment, while price action remains volatile and weak. Key indicators show no clear bullish momentum and bear the risk of a further decline if support breaks. "Until we see a move above $0.00720 with sustained volume, further upside remains unlikely in my view."

Earlier, analysts noted that Pudgy Penguins was showing short- and medium-term bullish momentum but remained at risk of downside consolidation due to lingering long-term bearish factors. Current developments reinforce this cautious outlook, as elevated volatility and the lack of fresh buy signals suggest that traders should monitor the $0.00712 support for signs of further weakness or a possible reversal.

Source of Data: PENGU Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.