Pudgy Penguins has expanded its Pudgy Vibes Trading Card Game to Target stores nationwide, a move the project claims means 75% of Americans live within 10 miles of a store that sells it. Despite this retail milestone, the project’s native token, PENGU, continues to trade under pressure at $0.005816, down 3% over the past 24 hours. Technical indicators show the price remains below key moving averages, while derivatives data points to cautious sentiment among traders.
PENGU price remains under pressure even as Pudgy Penguins achieves a major retail presence. The project announced its Pudgy Vibes Trading Card Game is now available in Target stores across the United States.
The official account stated the expansion means 75% of Americans live within 10 miles of a store that sells it, adding Billions will Huddle. PENGU currently trades at $0.005816, down 3.00% over 24 hours.
While the product launch strengthens the brand’s visibility, traders appear to be waiting for stronger bullish confirmation. The expansion into Target increases brand awareness and could introduce the project to consumers unfamiliar with NFTs or cryptocurrencies, strengthening the long-term growth narrative.
However, the daily chart still favors the selling side. PENGU trades below its 20-day, 50-day, 100-day, and 200-day exponential moving averages, suggesting the broader trend remains pressured. The Relative Strength Index reads 36.37, below the neutral level of 50 but above oversold territory.
According to data from CoinGlass, open interest has eased to around $58 million, indicating some leveraged positions have been closed as prices declined. Liquidation data shows periodic long liquidations during recent pullbacks, suggesting traders remain cautious.
Immediate support is around $0.0058, with resistance beginning near $0.0063 and extending toward $0.0068. A breakout above these levels with stronger momentum would suggest buyers are regaining control. If support breaks, sellers could push the token toward lower recent lows.
