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

After falling sharply last week, PENGU is now on the rise again and has recorded a 13% increase in the last 24 hours. Moreover, it has gained 80% since the $0.014 low (on CoinGecko) marked during the market-wide ￰0￱ Support Remains Intact According to a weekly chart shared by Ali Martinez, PENGU is still holding within a descending channel that has been in place since ￰1￱ recent drop caused a long wick below the structure, but the candle closed back inside the ￰2￱ asset is now approaching $0.026, with support seen at $0.023. What happened on Friday was far from ￰3￱ call it a black swan; others call it extreme ￰4￱ charts now show insane wicks to the downside, but strip out the noise and you’ll see $PENGU holding ￰5￱ $0.023 holds, a breakout to $0.13 is in ￰6￱ — Ali (@ali_charts) October 13, 2025 Meanwhile, the analyst said Friday’s drop was “far from normal” and described by some as a “black swan” ￰7￱ the sharp movement, the price structure remains ￰8￱ support holds, a move toward $0.13 is still possible based on the channel’s breakout projection.

A separate analysis from CryptoPulse points to a bullish flag on the daily ￰9￱ dipping outside the formation, the asset quickly returned ￰10￱ suggests the pattern may still be in ￰11￱ next upside zone is projected near $0.032 to $0.034. Notably, the setup depends on the price remaining above the lower ￰12￱ noted that a drop below this line could shift the outlook, with $0.017 as the next support to ￰13￱ now, higher lows continue to form along the support ￰14￱ Indicators Turn Positive Short-term indicators are showing signs of ￰15￱ Bollinger Bands on the 4-hour chart show the price rebounding above the middle band, with resistance near $0.0296.

The MACD line has crossed above the signal line, and the histogram is back in positive territory, showing early momentum in favor of buyers.