PENGU Dumps 20% in 2 Weeks, But Analyst Predicts a Massive Rebound

PENGU, the Pudgy Penguins ecosystem's official community token, fell about 20% over two weeks to roughly $0.0074, leaving its market capitalization below $500 million, down from more than $2.5 billion. Analyst Ali Martinez said the token's daily TD Sequential indicator has issued a fresh buy signal, a technical measure he said has previously anticipated trend shifts. He noted August and mid-September buy signals preceded gains of 77.6% and 66.9%, while a sell signal less than a month ago came before a 31.5% drop. Martinez also cited PENGU's availability on SoFi, a platform serving over 15 million members.