PENGU Price: Ali Charts Sees Bull Run Setup as Three Indicators Turn Bullish
Pudgy Penguins’ PENGU token has entered a stronger technical setup after gaining nearly 12% on September 21, with crypto analyst Ali Charts identifying several indicators that could support a larger move. His latest analysis argues that a potential PENGU bull run may be approaching as volatility contracts and multiple weekly indicators turn positive.
PENGU closed September 21 around $0.00879 after opening near $0.00786, according to historical market data. The token also traded as high as roughly $0.00912 during the session, extending a recovery that has taken the price from about $0.00685 on September 15.
PENGU Technical Indicators Turn Bullish
Ali Charts’ first observation concerns Bollinger Bands on PENGU’s weekly chart. The bands are narrowing, a condition commonly described as a squeeze because the upper and lower bands move closer together as volatility declines.
A Bollinger Band squeeze does not determine the direction of the eventual breakout by itself. It indicates that volatility has contracted, meaning a larger price movement can follow if buying or selling pressure eventually becomes dominant. Ali Charts argues that the other indicators currently favor an upside move.
The Tom DeMark Sequential is providing another signal in the analyst’s setup. According to Ali Charts, PENGU has produced two consecutive weekly buy signals, beginning with a 9 setup and followed by a Combo 13.
Related: The Hottest Trending Altcoins Right Now: Where Smart Money Is Moving
The DeMark signals are being interpreted as evidence that the previous bearish phase could be losing momentum. Ali Charts says the combination can mark the beginning of a new nine-candle bullish countdown, although technical indicators are signals rather than guarantees of future price direction.
The Parabolic SAR has also turned bullish in his analysis. The indicator’s dots have moved below PENGU’s price, a configuration commonly used by traders to identify an upward trend and potential areas of dynamic support.
The combination is important because the indicators measure different aspects of price behavior. Bollinger Bands focus on volatility, the DeMark Sequential attempts to identify trend exhaustion, while Parabolic SAR tracks trend direction and potential reversal points.
PENGU Price Tests a Key Recovery Zone
The market has already started moving in the direction highlighted by Ali Charts. PENGU rose from a September 15 close of approximately $0.00685 to around $0.00879 on September 21, representing a gain of more than 28% over that period.
Trading activity has also increased during the recovery. CoinMarketCap reported renewed interest in PENGU around September 20, while historical data shows substantial trading volumes during the recent move. This indicates that the recovery has occurred alongside meaningful market participation rather than a negligible price change.
The immediate question is whether PENGU can maintain the momentum above the $0.009 area. September 21’s high near $0.00912 puts that level close to the current trading range, making a sustained move above it relevant for traders watching the technical setup.
A failed breakout would provide a different signal. If PENGU falls back below recent support and the Parabolic SAR reverses, the current bullish configuration could weaken. Likewise, a volatility squeeze can resolve in either direction, so the narrowing Bollinger Bands should not be treated as a standalone prediction.
For PENGU holders, Ali Charts’ analysis therefore presents a technical scenario rather than a confirmed bull run. The strongest part of the setup is the alignment between the Bollinger Band squeeze, consecutive DeMark buy signals and bullish Parabolic SAR. Whether those indicators translate into a sustained trend will depend on actual price action and trading volume.
The next phase of PENGU’s chart will determine whether the current signals develop into the broader move Ali Charts expects. A sustained breakout from the compressed weekly range would provide additional confirmation of the bullish thesis, while a reversal would weaken it. For now, PENGU has already delivered a sharp short-term recovery, giving traders a clear technical setup to watch as the token approaches the $0.009 resistance area.
About The Author
