One of the most closely followed tokens, $PENGU, is signaling its best rebound since the tough seven-day decline. On-chain data provided by Nansen shows that the token fell 6.4 percent in the past week, falling between 0.012007 and 0.011238. The decline has put pressure on the upside, but the asset is now starting to show strong signs of stabilization and a revival in interest.
A reversal was formed around the critical support at $0.01. Market indicators confirm this $hostage The price hit a strong bottom at this point, ending the downward momentum and triggering the first major rebound in several days. With the November 22 low at $0.009993, the coin has improved 13.3 percent in just three days, and this could be an early indicator of a potential trend reversal.
Intensification of the accumulation of whales
One of the main factors causing $PENGU is the involvement of ancient whales. According to Nansen, the whales are now making 2.9 times their usual average purchases, which represents a significant deviation from their previous weekly purchases. The improvement in the local bottom on whales was helpful in strengthening the 0.01 support area and injecting more confidence into the trading community.
Large contributors not clearing a downtrend are usually a good sign of potential upside, and here, the whales appear to be gearing up ahead of a reversal cycle. They coincide with increased liquidity and new spot demand.
Deploying the new wallet results in an influx of new capital
New entrants to the chain are another important indicator. The new wallets are said to have injected $1 million $hostageThis indicates interest from new investors even after the recession. The new headlines starting to become active indicate a new influx of both retail and mid-tier traders which seems to support the argument that sentiment has changed at a faster rate than expected.
The combination of Pisces and the New Wallet has produced multi-layered buying pressures that have directly led to a bounce in the recent past.
Top traders maintain strong holding positions
Nansen statistics also show that the best traders still have between 85% and 100% of their holdings in PENGU dollars. This high level of retention indicates to high-level traders that they have confidence in the medium-term direction of the asset. Rather than exit on a drawdown, highly rated portfolios chose to hold their exposures, which gave them structural support during the recent bear market.
These strong hand dynamics usually lead to long-term recovery periods because experienced traders are more likely to anticipate future liquidity expansions and volatility changes.
Trading volume rises as the market reverses
The most convincing way to assess whether $PENGU is rebounding is a sharp increase in trading activity. The 24-hour trading volume rose to $174 million, making the token one of the most active assets of its kind. The bounce usually has high volume that confirms the validity of the trend, and the PENGU dollar data indicates a significant resurgence of market interest.
This increase in volume over a short period of time and price stability indicate that traders are entering the market with more conviction.
Forecast: $PENGU regains interest as sentiment fluctuates
After testing their support at $0.01 with no issues at all, increasing whale buying, new capital coming in, and steadily increasing volume, $PENGU appears to be in the first phase of a potential recovery cycle. Signs on the chain are now positive, although volatility is still a factor.
