In the past 24 hours, whale wallets purchased more than 200 million PENGU, valued at over $2.4 million. These buyers each hold at least $1 million in tokens, according to blockchain data. Their growing positions come as PENGU continues its recent price rally.
This accumulation has intensified buying pressure, keeping upward momentum intact. As large holders continue to buy, they influence market sentiment, drawing in smaller investors and increasing demand.
So far, the bullish trend appears to hold. Whale activity remains one of the driving forces behind PENGU’s rally.
Meanwhile, technical indicators also point to sustained strength. Chart signals support the view that PENGU may continue climbing in the short term.
PENGU Breaks Out of Bullish Flag With 160% Upside Target
On June 29, 2025, the PENGU/USDT chart showed a clear breakout from a bullish flag pattern. A bullish flag pattern forms after a strong upward move, followed by a short downward-sloping consolidation. This pattern often signals a continuation of the prior uptrend once the price breaks above the flag’s upper boundary.
PENGU’s price has already climbed 22% from the breakout point. If the breakout confirms with sustained volume and a daily close above the flag, the projected target lies near $0.034660. That would mean a potential 160% increase from the current price of $0.013245.
The measured move comes from applying the previous rally height to the breakout point. The earlier rally began in late April 2025 and pushed the price sharply higher before PENGU entered a downward-sloping channel in May and June. That channel formed the flag portion of the pattern.
As of now, PENGU trades well above its 50-day Exponential Moving Average (EMA), which sits near $0.010551. The breakout also came with a notable volume spike, rising to 2.63 billion PENGU in 24-hour trading volume, according to the chart.
This technical structure indicates strong bullish momentum. If the price holds above the flag, further upside toward $0.034660 remains possible. Watch for continued volume support and daily closes above resistance to confirm the pattern’s full target.
MACD Flips Bullish for PENGU as Momentum Build
On June 29, 2025, the Moving Average Convergence Divergence (MACD) indicator for PENGU/USDT showed a bullish crossover. The MACD uses two lines—the MACD line and the signal line—to identify changes in momentum. When the MACD line (blue) crosses above the signal line (orange), it suggests growing bullish momentum.
Currently, the MACD line sits at 0.000505, while the signal line holds at 0.000253, confirming the bullish crossover. The histogram has flipped to green and continues rising, indicating that the distance between the two lines is widening.
This crossover follows a multi-week downtrend, during which the MACD histogram stayed mostly in the red. Now, with both lines turning upward and diverging, the chart signals that upward pressure is increasing.
This bullish MACD signal strengthens the breakout seen in the price chart and supports the possibility of further upside in the near term.
RSI Breaks Into Bullish Zone as PENGU Momentum Grow
The Relative Strength Index (RSI) for PENGU/USDT jumped to 63.46, crossing above the neutral 50 level. The RSI, which measures the strength of price movements on a scale of 0 to 100, often signals bullish momentum when it moves above 60.
The RSI surged from a recent low below 40, showing a sharp increase in buying pressure. The 14-day moving average of the RSI now stands at 47.18, but the current RSI value is well above it, indicating acceleration in upward momentum.
This bullish RSI signal aligns with the recent price breakout from the bullish flag pattern. It also supports the MACD (Moving Average Convergence Divergence) crossover seen earlier, which confirmed a change in short-term trend direction.
With RSI now in the upper bullish range but not yet overbought, the setup leaves more room for price growth while maintaining strong momentum.
Balance of Power Dips as Bulls Take a Breathez
On June 29, 2025, the Balance of Power (BoP) indicator for PENGU/USDT showed a reading of -0.54, signaling slight bearish pressure. The Balance of Power measures the strength of buyers versus sellers within a single trading period. Negative values suggest sellers are dominating short-term momentum.
Despite this dip, BoP often fluctuates rapidly and can show temporary weakness even during broader bullish trends. The current reading comes after PENGU’s breakout from a bullish flag pattern and a rising Relative Strength Index (RSI), which indicate strong overall trend direction.
In this context, the BoP decline may reflect brief profit-taking or consolidation rather than a trend reversal. Traders often use BoP in combination with other indicators like RSI and Moving Average Convergence Divergence (MACD) to assess whether sellers are gaining real control or simply slowing the rally.
Directional Movement Index Flips Bullish for PENGU
Meanwhile, the Directional Movement Index (DMI) for PENGU/USDT confirmed a bullish shift. The blue +DI line, which tracks buying pressure, rose to 35.57, climbing sharply above the orange –DI line, which tracks selling pressure and now sits at 15.18. The red ADX line, which measures trend strength, is currently at 15.56.
This crossover signals that buyers have taken control of the trend. The widening gap between the +DI and –DI lines suggests that upward momentum is building. The Average Directional Index (ADX) remains modest, but its slope indicates growing trend strength.
DMI trends often follow major price breakouts. In this case, the indicator supports the bullish flag breakout seen on the price chart. As long as the +DI stays above the –DI and ADX continues rising, momentum may remain in favor of the bulls.