PENGU Price Prediction: 24-hour volume surged by 60%, target price looks at $0.046

Amidst the overall market uncertainty, the Pudgy Penguins token PENGU has surged, rising 13% in the last 24 hours to $0.0372, with trading volume spiking 60%, significantly outperforming mainstream assets like Bitcoin and Ethereum. On-chain data shows 2.1 million USD equivalent of PENGU flowing out of exchanges, revealing signs of Coin Hoarding by Large Investors; the derivation market long positions have reached 7.67 million USD, while short positions are only 3.18 million, with bullish sentiment prevailing. The technical analysis confirms a bullish falling wedge breakout, with analysts targeting $0.041; if it holds above the $0.0365 support, it is expected to rise another 25% to challenge $0.0464. However, caution is needed regarding the liquidation risks triggered by the key levels at $0.03465 and $0.0379.

Against the trend, leading the rise: trading volume big pump by 60%, crushing BTC/ETH performance As the market generally experiences fluctuations, PENGU demonstrates strong Meme coin characteristics:

• Price surge: Currently reported at $0.0372, 24-hour rise 13% (CoinMarketCap)
• Volume Explosion: Trading volume surged by 60% compared to the previous day, attracting sudden capital attention.
• Crushing the mainstream: Significantly outperforming Bitcoin, Ether, and other large-cap assets, showcasing Meme
• Coin Explosive Power

On-chain signals: 2.1 million USD leaving the exchange, large investors hoarding coins The on-chain analysis platform CoinGlass reveals bullish core evidence:

1. Large Outflows from the Exchange: Within 24 hours, $2.1 million worth of PENGU was transferred out of the exchange, which usually indicates that investors are withdrawing coins for hoarding, reducing selling pressure and creating upward momentum.
2. Derivation Long Positions Crush: The current key price level gathers $7.67 million long positions vs $3.18 million short positions, showing strong leveraged funding betting on a rise.

Technical Breakthrough: Falling wedge breakout, Super Trend indicator turns green

(Source: TradingView) AMBCrypto Technical Analysis Confirms Rising Structure:

• Pattern Breakout: Daily confirmation of the breakout of the bullish falling wedge, ending the narrow consolidation and starting a trend market.
• Key Support: If it can hold above $0.0365 support level, the upside potential will be fully opened.
• Target Calculation: Short-term target $0.041 (analyst forecast), medium-term potential rise 25% to $0.0464
• Indicator Confirmation: Supertrend Indicator turns green and is below the price, clearly indicating long positions control the trend.

Risk Warning: Two Major Liquidation Points Lurking Leverage Treadmill Mines Despite the strong bullish signals, be wary of high leverage risks:

• Key Liquidation Points: $0.03465 (Lower Liquidation Area) and $0.0379 (Upper Liquidation Area)
• Long and Short Battle Point: Nearly tens of millions of dollars in leveraged positions are gathered here, and price fluctuations can easily trigger a chain liquidation waterfall.
• Over-leverage concerns: The current size of long positions is 2.4 times that of short positions, and a pullback may trigger a cascade.

[Conclusion] With the triple power of on-chain capital flight, technical structure breakthrough and derivatives bull crushing, PENGU is becoming a rare highlight of meme coins in the downturn market. The $2.1 million net outflow from the exchange reveals the determination of the whale to stockpile, the daily wedge breakout provides the technical upside momentum, and if it holds the $0.0365 mark, the target is $0.046. However, the two liquidation zones of $0.03465 and $0.0379 are like double-edged swords - they are not only short blocking points, but also can detonate the tragedy of high leverage and multiple kills. Investors need to pay close attention to the sustainability of energy and the changes in the liquidation heat map, and the next scene of this Meme coin counterattack show will be performed on the tightrope of greed and fear.