{"id":15660,"date":"2025-08-26T08:02:45","date_gmt":"2025-08-26T07:02:45","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=15660"},"modified":"2025-08-26T08:02:46","modified_gmt":"2025-08-26T07:02:46","slug":"pengu-explosive-rebound-following-massive-liquidation-event","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/pengu-explosive-rebound-following-massive-liquidation-event\/","title":{"rendered":"PENGU: A Explosive Rebound Following a Massive Liquidation Event?"},"content":{"rendered":"\n

Liquidity Woes: PENGU Faces Intense Selling Pressure<\/strong><\/h2>\n\n\n\n

The drop in PENGU price is closely tied to market<\/a> liquidity flight. In just one day, outflows reached nearly $70 million<\/strong>, while the Open Interest on CoinGlass fell to $332.66 million<\/strong>.<\/p>\n\n\n\n

\"pengu<\/figure>\n\n\n\n

This decline indicates that both long and short traders are exiting the market<\/a>. Long positions were closed more frequently than short positions, with larger liquidations<\/strong> affecting long traders in recent days.<\/p>\n\n\n\n

The Open Interest-weighted Funding Rate chart for PENGU shows a sharp collapse, dropping from 0.0265% to 0.0063%<\/strong>. This confirms that many long traders are no longer active. Despite these massive outflows, the Open Interest<\/strong>-weighted Funding Rate remained in positive territory, indicating that bullish interest<\/strong> still persists in the PENGU market.<\/p>\n\n\n\n

Buyers Remain Active Despite Pressure<\/strong><\/h2>\n\n\n\n

CoinGlass Spot Exchange Netflow data shows investors continue to actively purchase PENGU. Over the past 72 hours, they bought more than $14.5 million worth of PENGU<\/strong> and transferred these assets to private wallets. This trend suggests fewer tokens are available on exchanges for potential sales.<\/p>\n\n\n\n

\"pengu<\/figure>\n\n\n\n

On the chart, PENGU is approaching a key support level within a bullish triangle pattern<\/strong>, creating potential for a rebound. In fact, the chart structure indicates a minor decline before a bounce.<\/p>\n\n\n\n

PENGU: A Technical Rebound Intriguing Traders<\/strong><\/h2>\n\n\n\n

The technical indicators confirm this outlook. The Chaikin Money Flow (CMF)<\/strong> highlights a gradual increase in buying volume, with a reading of 0.04. This bullish trend<\/strong> suggests that buying activity should continue.<\/p>\n\n\n\n

\"pengu<\/figure>\n\n\n\n

Meanwhile, the Average Directional Index (ADX) has fallen to 20.91, showing that bearish momentum<\/strong> is weak. When price diverges from ADX<\/strong>, it often indicates a lack of strength in the trend, increasing the probability of a reversal. Overall, despite the liquidity outflow, bullish sentiment is strengthening<\/strong>, suggesting that the bearish phase is likely temporary.<\/p>\n\n\n\n

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Buy PENGU easily on Bybit and earn 20 dollars!<\/a><\/div>\n<\/div>\n\n\n\n

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