The Pudgy Penguins NFT collection saw a 28% weekly drop in sales volume while its price floor held steady at 4.20 ETH. Meanwhile, the project’s utility token, PENGU, rallied by 10.06% in 24 hours, but technical analysis suggests this bounce may only be a temporary pullback within a broader downtrend.
The sales volume for the Pudgy Penguins non-fungible token collection has declined by just over 28% in the past week. Its price floor, however, has remained consistent around 4.20 ETH, maintaining a range of 4 to 4.5 ETH throughout February.
Separately, the platform’s utility token, PENGU, saw a 24-hour price increase of 10.06%. After hitting a low on Thursday, February 12th, the token climbed 13.19% on the charts.
Analysts note its recent momentum might not lead to lasting gains due to a long-term bearish trend. The 1-day timeframe revealed the swing structure was bearish, evidenced by a breakdown below the $0.0071 swing low from June 2025.
On the daily chart, the $0.0075 and $0.01 levels are identified as strong supply zones. Technical indicators remain bearish, with the OBV’s longer-term downtrend signaling prevalent seller volume.
The 4-hour chart analysis, using Fibonacci retracement levels, suggests the bounce could continue. The price may potentially reach the $0.007414 or $0.008 levels before facing resistance.
The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. This data is based on metrics from NFT market trackers and trading platforms.
