PENGU Bounces 80% After Massive Crash: Is $0.13 the Next Target?

After falling sharply final week, PENGU is now on the rise once more and has recorded a 13% improve in the final 24 hours. Moreover, it has gained 80% since the $0.014 low (on CoinGecko) marked throughout the market-wide crash.

Channel Support Remains Intact

According to a weekly chart shared by Ali Martinez, PENGU continues to be holding inside a descending channel that has been in place since July. The current drop induced a protracted wick under the construction, however the candle closed again inside the channel. The asset is now approaching $0.026, with assist seen at $0.023.

What occurred on Friday was removed from regular. Some name it a black swan; others name it excessive manipulation.

Most charts now present insane wicks to the draw back, however strip out the noise and also you’ll see $PENGU holding construction.

If $0.023 holds, a breakout to $0.13 is in play. pic.twitter.com/eQlbH0IzRU

— Ali (@ali_charts) October 13, 2025

Meanwhile, the analyst mentioned Friday’s drop was “removed from regular” and described by some as a “black swan” occasion. Despite the sharp motion, the value construction stays legitimate. If assist holds, a transfer towards $0.13 continues to be doable primarily based on the channel’s breakout projection.

A separate evaluation from CryptoPulse points to a bullish flag on the each day chart. After dipping outdoors the formation, the asset rapidly returned inside. This suggests the sample should still be in play. The subsequent upside zone is projected close to $0.032 to $0.034.

Notably, the setup is determined by the value remaining above the decrease trendline. CryptoPulse famous {that a} drop under this line may shift the outlook, with $0.017 as the subsequent assist to watch. For now, greater lows proceed to type alongside the assist degree.

Momentum Indicators Turn Positive

Short-term indicators are displaying indicators of restoration. The Bollinger Bands on the 4-hour chart present the value rebounding above the center band, with resistance close to $0.0296. The MACD line has crossed above the sign line, and the histogram is again in constructive territory, displaying early momentum in favor of consumers.

Market knowledge exhibits a shift in dealer positioning. The lengthy/brief ratio for PENGU has climbed from under 0.80 on October 10 to above 1.10 by October 12. Buy quantity is outpacing promote quantity, pointing to elevated bullish sentiment amongst individuals.

In truth, the development suggests rising confidence in a doable breakout if assist ranges are revered.

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