PENGU price could flip bullish if buyers reclaim $0.010

Pudgy Penguins traded near $0.0067585 on June 11, gaining 1.22% over 24 hours, according to crypto.news market data. 

The PENGU token remained weak on a wider timeframe, with a 1.72% seven-day loss and a 33.41% drop over 30 days.

The latest Pudgy Penguins price action shows a token trying to stabilize near the bottom of its broader range. However, stronger futures activity and weak technical momentum show that traders are still dealing with a fragile setup.

PENGU price holds near its lower range

PENGU traded between $0.0063418 and $0.0068 over the past 24 hours. Its market cap stood at about $425.09m, while trading volume reached $95.98m.

The token remains far below its all-time high of $0.068447, recorded on Dec. 17, 2024. It also remains above its all-time low of $0.0037152, reached on Apr. 9, 2025.

The daily chart shows that Pudgy Penguins has been in a broad downtrend since the July-August peak. Price fell from the upper region near $0.03404 and later moved into a lower trading range.

The current range sits between support near $0.00602 and resistance around $0.01323. PENGU now trades close to the lower end, meaning buyers still need to defend the base before a recovery can form.

RSI and MACD show weak momentum

The nearest support remains $0.00602. A clean break below that level would weaken the current market structure and could bring lower price levels back into focus.

On the upside, the first recovery zone sits between $0.0087 and $0.0100. PENGU recently failed near that area, making it the first level traders may watch if buyers return.

A stronger recovery would need price to reclaim that zone and then move toward $0.01323. Until then, the chart still points to consolidation rather than a confirmed trend reversal.

The RSI sits near 44.55, while its signal line is higher near 53.69. That shows momentum has cooled after the latest rebound and remains below the level usually linked with stronger buyer control.

Pudgy Penguins (PENGU) price chart, source: TradingView

The MACD also remains slightly bearish. The MACD line sits below the signal line, while the histogram stays negative.

This does not show heavy selling pressure by itself. However, it confirms that sellers still control short-term momentum while PENGU trades near support.

Derivatives activity rises as spot flows stay quiet

Coinglass data showed PENGU derivatives volume rose 37.63% to $139.91m. Open interest also increased 6.71% to $61.76m.

Rising open interest means more futures positions are being opened. When this happens near a support area, price can become more sensitive to sudden liquidations.

The spot flow chart gives a different signal. PENGU netflow has become much smaller and more balanced since January, after large swings during the earlier selloff.

During the stronger decline, spot netflow showed large spikes, including one negative move near $14m in October. That showed heavy movement between buyers, sellers and exchanges during the main downtrend.

The latest netflow reading stood near $247.31 while PENGU traded close to $0.00678. That figure is very small compared with earlier multi-million-dollar movements.

Pudgy Penguins (PENGU) spot inflow/outflow, source: Coinglass

This means the latest spot flow does not show strong buying or selling pressure. The market looks more active in derivatives than spot trading for now.

Vibes TCG update adds Solana attention

Pudgy Penguins also received fresh ecosystem attention after announcing a limited edition Vibes TCG Season 3 drop. The project said Starter and Collector Bundles would go live on June 11 at 3:30 p.m. ET.

The drop is set to run for 48 hours or while supplies last. The official Solana account also amplified the update, writing, “Bringing the vibes back on Solana.”

This brand activity may help keep PENGU in market discussion. The token is closely linked to Pudgy Penguins’ wider consumer, gaming and collectible ecosystem.

Earlier reports noted that Pudgy World had helped lift attention around PENGU by linking the token to gaming and brand activity. That type of update can support short-term interest, especially when trading volume is already rising.