Pengu price holds $0.021 support as smart money inflows rise, is a reversal coming?

Pengu price holds firm at $0.021 support as smart money inflows increase, hinting at a potential bullish reversal from the current trade zone.

Pengu (PENGU) price action has remained highly volatile in recent sessions, but the defense of the $0.021 support level has provided a critical foundation for potential recovery. After an intense bearish expansion and capitulation, the market found strong buying interest at the point of control (POC) aligned with daily support.

The NFT market is also showing early signs of stabilization after weeks of decline, supported by a broader crypto rebound, a sentiment that appears to aid Pengu’s recent recovery momentum. This technical confluence triggered a rebound, suggesting that buyers are beginning to absorb supply in this key region.

Pengu price key technical points

• Support Level: Pengu price continues to respect the $0.021 support area, forming the current accumulation base.
• Resistance Target: A reclaim of the value area high could open a move toward $0.043, the next key resistance.
• Smart Money Divergence: Institutional inflows have increased since October 3, while price remains stable, signaling early accumulation.

From a technical standpoint, Pengu’s reaction at the Point of Control highlights the importance of this level in the broader market structure. The wick rejection and immediate rebound from the daily support zone indicate that sellers were exhausted at the lows, allowing buyers to regain short-term control.

Price is now consolidating just below the value area high, which remains the decisive trigger for a more extended bullish continuation.

Holding above $0.021 is essential for maintaining the current bullish structure. A loss of this level could invalidate the local bottoming setup and trigger another rotation lower. However, as long as the daily support remains defended, the probability of a rebound toward the $0.043 resistance zone remains strong. A daily close above the value area high would likely confirm a technical breakout, shifting momentum firmly in favor of the bulls.

On-chain data complements this setup, showing a consistent increase in smart money inflows even as Pengu trades within a narrow range. This rising inflow suggests that larger investors are accumulating quietly while retail participants remain uncertain.

Such divergences often precede strong moves, as smart money positioning tends to occur before visible price action confirms the shift in sentiment.

What to expect in the coming price action

If Pengu continues to hold the $0.021 support and reclaims the value area high, a short-term rally toward $0.043 becomes increasingly probable. Rising smart money inflows reinforce this bullish potential, suggesting that momentum is building beneath the surface.