Pudgy Penguins (PENGU) Price: Can Manchester City Deal Spark Breakout Rally?

TLDR

• Pudgy Penguins partners with Manchester City to release exclusive NFT collectibles and limited-edition merchandise
• PENGU price holds above $0.0117 support level with potential rebound target of $0.0136
• SEC delays decision on Canary PENGU ETF to March 11, 2026, causing 5-6% price drop
• MapleStory N launches winter collaboration with Pudgy-themed in-game quests and NFT companions
• Token trades around $0.01027 with gains of 30-50% over past 30 days and market cap near $700 million

Pudgy Penguins has announced a partnership with Premier League team Manchester City. The collaboration brings exclusive collectibles and merchandise to fans of both brands.

The partnership combines Pudgy Penguins’ NFT artwork with Manchester City’s global reach. Limited-edition items will mix digital art with physical products.

Details about the launch date and access methods will be shared soon. The announcement aims to create excitement among both Pudgy Penguins collectors and Manchester City supporters.

PENGU currently trades around $0.01027. The price sits slightly above the 20-day exponential moving average but below the 50-day EMA.

The token has gained between 30% and 50% over the past 30 days. Market capitalization stands near $700 million, making it a top-80 token by size.

Daily price movements remain in the low-to-mid single digits. However, the 90-day performance shows losses compared to 2024 peak levels.

Regulatory Timeline Extended

The SEC has postponed its decision on the Canary PENGU ETF until March 11, 2026. The proposed fund would hold both PENGU tokens and Pudgy Penguins NFTs.

The delay announcement triggered a 5% to 6% price decline. Traders reduced positions due to continued regulatory uncertainty.

A separate SEC complaint against early backer Shima Capital and founder Yida Gao caused a roughly 20% weekly drop. The action targets the investment fund rather than Pudgy Penguins directly.

Despite the regulatory headlines, price has stabilized above the $0.0117 support level. Crypto analyst Ali notes this level remains critical for potential upside movement.

If support holds, traders see a possible bounce toward $0.0136. Short-term momentum could attract buyers and support price recovery.

The MACD indicator shows the MACD line near the Signal line with the histogram close to zero. This suggests weak momentum in the current market.

A bullish crossover in early January has stalled. The pattern indicates weakening buying pressure and potential for consolidation.

Gaming and Network Expansion

MapleStory N has launched a winter collaboration featuring Pudgy Penguins content. The partnership includes in-game quests, NFT companions, and a dedicated web shop.

The gaming integration creates a connection between PENGU token liquidity and gaming users. NFT trading volumes for the core collection have increased weekly.

Floor prices for Pudgy Penguins NFTs have moved higher even as the token price fluctuates. The project has also appeared at the NHL Winter Classic in Miami and ran a holiday campaign on the Las Vegas Sphere.

Pudgy Penguins toys are now distributed through major retail stores. These real-world activations support the “IP first, token second” approach.

The project is building a ZKsync-based blockchain. The custom chain aims to route ecosystem activity through a dedicated environment.

This infrastructure would tie utility and fees directly to the brand. It reduces reliance on secondary markets for token value.

Traders watch the $0.013 level as a key resistance point. A clean break above this price would confirm a TD Sequential “9” reversal pattern.

Upside targets sit in the $0.016 to $0.022 range if the breakout occurs. Some technical models project potential moves toward $0.027 on extended rallies.

Downside support exists in the $0.011 to $0.0115 area. A drop below $0.0105 would signal the early-year price recovery has lost momentum.

The post Pudgy Penguins (PENGU) Price: Can Manchester City Deal Spark Breakout Rally? appeared first on CoinCentral.