With whales stepping on PENGU’s recent low, “uptober” could still be the tipping point for bullish Pudgy Penguins price predictions.
The meme coin remains 69% below all-time highs, and fresh smart money participation signals current levels as a reference point for a reversal.
Data from CryptoQuant showed a cluster of large whale order sizes, mirroring previous accumulation zones that preceded parabolic moves.
And Coinglass data suggests the accumulation comes with long-term holding intent. Exchange netflows have shown consistent outflows throughout the month, peaking at $14.2 million.
Traders are choosing to hold rather than keep liquidity on exchanges, reinforcing optimism that October could mark the start of Pudgy Penguins’ next major move higher.
Pudgy Penguins Price Prediction: Could PENGU Rally Before Halloween?
This pattern of large whale order sizes closely mirrors a 10-month cup-and-handle pattern.
PENGU is now consolidating within the handle, with a retest of its lower support possibly setting the stage for the next leg up—the setup whales appear to be betting on.
Momentum indicators support the bullish case. The RSI is building back up from near-oversold conditions, suggesting buyers are stepping back in at lower prices.
The MACD histogram also trends towards a potential golden cross, hinting at the early stages of a new uptrend.
A past demand zone at $0.29 is a likely breakout zone. Once flipped to support, the next level to watch is the pattern neckline at $0.48 for confirmation of the bullish structure.
Fully realized, the pattern could see the Pudgy Penguins price extend to $0.60, marking a potential 28x move from current prices.
However, the full move is unlikely to materialize before Halloween. Catalysts for demand, like continued U.S. interest rate eases running into 2026, will likely be required to fuel the move.
The immediate $0.29 level is a much more credible near-term target.
Best Wallet: The Smarter Way to HODL This Cycle
Traders are once again moving high-potential plays like PENGU off exchanges into self-custody. But this cycle, many are choosing Best Wallet ($BEST) over MetaMask or Exodus.
As traders pull high-potential plays like PENGU off exchanges and back into self-custody, many are opting for Best Wallet ($BEST) over the old go-tos MetaMask and Phantom.
The difference? Utility.
Best Wallet gives users an edge with its “Upcoming Tokens” feature, a built-in screener that highlights promising early-stage projects before they hit the spotlight.
This isn’t just another wallet. It’s made for the bull market—putting discovery, storage, and opportunity all in one place.
And it doesn’t stop at storage. With Bestcard, users can spend stablecoins anywhere Mastercard is accepted, bridging crypto seamlessly into everyday life.
So far, the presale has raised over $16.6 million, and momentum is only growing.
Early buyers of $BEST are positioning themselves ahead of listings — and ahead of the next wave of market upside.
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The post Pudgy Penguins Price Prediction: PENGU Price is Down 69% from ATH, Could it Rebound by Halloween 2025 As Whales Accumulate? appeared first on Cryptonews.
