$PENGU is still 86% below its ATH. That’s an awkward number—not the kind of deep despair that makes you give up, but nowhere near a level where you’d feel confident going all in.
The real change in the market isn’t in the price, but in the volume. In mid-September, daily trading volume was hovering around $100M. On September 22, it jumped straight to $320M, then surged to $512M on September 23. The price climbed from $0.00684 to $0.01028 as volume quintupled. That’s real money getting involved, not just an emotional bounce from retail traders. Although the price is down 3% today, volume is still at $232M. Compared with the quiet $60M days a month ago, the market’s way of valuing it has changed.
What I care more about is the $0.01 psychological threshold. It’s both a psychological support level and a cost basis for many holders. If the price can hold above it, there may be room for the rally to continue. If it only spikes above and then falls back, this move will have been a burst from an extreme low, not a trend reversal. After all, the ATH is $0.068, and there are still several mountains to climb from here.
One easily overlooked fact: $PENGU is down 69.55% over the past year, and most people who bought it are sitting on losses. Whenever the price rebounds close to breakeven, selling pressure kicks in. That’s exactly why volume has gradually faded since September 24, while the price keeps testing $0.0095: supply is coming not only from underwater holders, but also from people who’ve waited a long time and finally see a chance to break even.
So the real dilemma now is whether to wait until the price holds above one cent before getting in, or to take on the risk of a pullback early at this level. A 5% stop-loss versus potential upside of 20%—it’s not an easy calculation either way.
There’s no standard answer, but it’s worth thinking through carefully. Are you the one who waits for confirmation, or the one who makes the first move?
The real change in the market isn’t in the price, but in the volume. In mid-September, daily trading volume was hovering around $100M. On September 22, it jumped straight to $320M, then surged to $512M on September 23. The price climbed from $0.00684 to $0.01028 as volume quintupled. That’s real money getting involved, not just an emotional bounce from retail traders. Although the price is down 3% today, volume is still at $232M. Compared with the quiet $60M days a month ago, the market’s way of valuing it has changed.
What I care more about is the $0.01 psychological threshold. It’s both a psychological support level and a cost basis for many holders. If the price can hold above it, there may be room for the rally to continue. If it only spikes above and then falls back, this move will have been a burst from an extreme low, not a trend reversal. After all, the ATH is $0.068, and there are still several mountains to climb from here.
One easily overlooked fact: $PENGU is down 69.55% over the past year, and most people who bought it are sitting on losses. Whenever the price rebounds close to breakeven, selling pressure kicks in. That’s exactly why volume has gradually faded since September 24, while the price keeps testing $0.0095: supply is coming not only from underwater holders, but also from people who’ve waited a long time and finally see a chance to break even.
So the real dilemma now is whether to wait until the price holds above one cent before getting in, or to take on the risk of a pullback early at this level. A 5% stop-loss versus potential upside of 20%—it’s not an easy calculation either way.
There’s no standard answer, but it’s worth thinking through carefully. Are you the one who waits for confirmation, or the one who makes the first move?