{"id":294493,"date":"2025-07-26T23:35:10","date_gmt":"2025-07-26T23:35:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/294493\/"},"modified":"2025-07-26T23:35:10","modified_gmt":"2025-07-26T23:35:10","slug":"can-pengu-avoid-an-18-pullback-watch-out-for-these-2-signs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/294493\/","title":{"rendered":"Can PENGU avoid an 18% pullback ? – Watch out for THESE 2 signs"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/strong><\/p>\n

PENGU rallied 16% and neared $0.0436 resistance, but rising Exchange Inflows, a bearish Long\/Short Ratio, and increased short exposure raise correction risks as traders anticipate a potential rejection from this level.<\/p>\n

Amid the ongoing market recovery, Pudgy Penguins [PENGU]<\/a>, a Solana [SOL]<\/a>-based memecoin, posted a 16% rally that pushed it to $0.0426, at press time, just shy of a key resistance level. <\/p>\n

But on-chain data now signals possible turbulence ahead.<\/p>\n

PENGU hits resistance again<\/strong><\/p>\n

The current uptrend has brought PENGU close to $0.0436, a level where the token previously faced an 18% rejection. If the rally stalls again, a short-term pullback could follow.<\/p>\n

At the time of writing the Trading Volume jumped 15% in the last 24 hours, reflecting heightened retail and investor activity. Still, the test of resistance is critical\u2014either bulls breach the ceiling, or bears reclaim control.<\/p>\n

On the 4-hour chart, PENGU has broken past a descending trendline, flipping the structure bullish. It now trades above the 21-period Exponential Moving Average, signaling upward bias.<\/p>\n

\"PENGU<\/a><\/p>\n

Source: TradingView<\/p>\n

Chaikin Money Flow stood at +0.10, indicating continued capital inflow and healthy demand.<\/p>\n

However, price remained locked below the $0.0436 resistance band, and any failure to break above could trigger profit-taking.<\/p>\n

If bulls succeed in clearing this hurdle, the next leg up could retest the previous high and potentially chart a new ATH.<\/p>\n

Bearish on-chain metrics cloud the rally<\/strong><\/p>\n

Despite bullish signals, on-chain metrics paint a more cautious picture.<\/p>\n

CoinGlass<\/a> data showed $2.03 million Net Exchange Inflow of PENGU in the last 24 hours, as of press time.<\/p>\n

\"PENGU<\/a><\/p>\n

Source: CoinGlass<\/p>\n

This significant inflow into exchanges suggests a potential sell-off, indicating selling pressure and further downside momentum, which PENGU is currently experiencing.<\/p>\n

At the same time, the Long\/Short Ratio dipped to 0.95, with Short Positions (51.06%) now outnumbering Long Positions (48.94%).<\/p>\n

This shows increased bearish speculation, with traders expecting a rejection near resistance.<\/p>\n

\"PENGU<\/a><\/p>\n

Source: CoinGlass<\/p>\n

While the short-term trend remains bullish, rising Exchange Inflows and negative sentiment in the derivatives market hint that a correction could be next.<\/p>\n

Unless buyers step in with strong volume and flip the $0.0436 zone, PENGU may revisit the lower support range around $0.038.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Ozzy Osbourne & the memecoin frenzy \u2013 How death became a DeFi event<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways PENGU rallied 16% and neared $0.0436 resistance, but rising Exchange Inflows, a bearish Long\/Short Ratio, and…\n","protected":false},"author":2,"featured_media":294494,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-294493","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114922161792004618","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=294493"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/294494"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=294493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=294493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=294493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}