Key Insights:
- PENGU price targets $0.041 after descending channel breakout confirmation.
- Pudgy Penguins NFT sales saw a modest rise in 24 hours.
- New exchange listings and institutional partnerships drive bullish price action.
PENGU price eyes $0.041 following a breakout from its descending channel pattern. The token also gained 136% over 30 days despite trading 47% below its $0.06845 all-time high.
Adding to the bullish performance, NFT sales data shows strong performance for Pudgy Penguins collections. On the other hand, new exchange listings are boosting trading access.
PENGU Price Eyes $0.041 Upside Target
Trader Ali identified the PENGU price breakout from a descending channel formation on price charts. This technical pattern typically means the end of a downward trend phase. The breakout move also sets a clear path toward the $0.041 price objective.
Analyst CRG notes that scenario 2 is currently playing out as predicted. The yearly opening of the PENGU price level provided strong support during the recent market turbulence. This key technical level held firm despite short-term price fluctuations and selling pressure.
The yearly open support level continues as a foundation for higher prices. CRG expects continued upward movement as long as markets maintain risk-on sentiment.
Short-term noise and volatility haven’t damaged the overall bullish structure. Technical analysts view the descending channel breakout as a bullish reversal signal.
PENGU NFT Collection Performance Shows Mixed Results
Pudgy Penguins holds fifth in 24-hour NFT rankings with $639,964 in sales volume. As per CryptoSlam data, PENGU only saw 13 transactions with 10 buyers and 10 sellers.
Sales increased 9.95% while transactions jumped 8.33% during the period. Weekly data reveals stronger sales for the collection with $5,000,790.
The seven-day period shows 96 transactions across 58 buyers and 72 sellers. Sales dropped 1.32% weekly. However, transaction volume grew 2.13% compared to previous periods.
Courtyard dominates both timeframes as the leading NFT collection by volume. The Polygon-based project generated $2.3 Million in daily sales and $13.8 million weekly.
Guild of Guardians Heroes on Immutable-Zk ranks second with $904,659 in 24-hour volume. Other collections have varying performance patterns across many blockchains.
SpinNFTBox on BNB maintains a consistent volume, whereas BRC-20 NFTs on Bitcoin gain traction. Despite recent reductions, CryptoPunks continues to lead Ethereum collections in weekly rankings.
PENGU Price Gains Momentum with Major Listings and Strategic Partnerships
Arkham Exchange announced PENGU trading pairs launching at 10 AM EST on August 8th. The platform will offer both spot and perpetual trading options for the token. This listing expands PENGU’s accessibility across different trading venues and user bases.
PENGU achieved significant institutional recognition through its VanEck partnership. The Pudgy Penguins mascot appeared at the NASDAQ opening bell ceremony in June 2025. This high-profile appearance brought mainstream financial market attention to the project.
NASCAR alliance expands PENGU’s reach into the motorsports and entertainment sectors. The cooperation includes Pudgy-themed digital stickers that are available on the Telegram messaging app. The coalition plans to bring Pengu characters to NASCAR’s international fans.
CRG highlights the project’s strong brand and intellectual property value development. The franchise generates hundreds of billions of views across social media platforms.
Physical toy products are now available in over 10,000 retail stores worldwide. PENGU price can breach this new price level. However, the bullish PENGU price action depends on the overall crypto market condition.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Source: https://themarketperiodical.com/
