PENGU price has plunged nearly 26% in the last 24 hours, reaching its lowest levels ever. Once the biggest meme coin on Solana, it has now been overtaken by TRUMP, BONK, and DOGWIFHAT.

Technical indicators, including the Ichimoku Cloud and DMI, suggest that bearish momentum is still growing, increasing the risk of further declines. Unless a strong reversal occurs, PENGU could continue setting new lows in the short term.

PENGU Ichimoku Cloud Shows a Bearish Setup

The Ichimoku Cloud chart for PENGU shows a clear bearish trend. The price is trading below both the conversion line (blue) and the base line (red), indicating short-term and medium-term weakness.

The cloud (Kumo) is red and sloping downward, reinforcing the bearish sentiment. Additionally, the lagging span (green) is positioned below the price, confirming that bearish momentum has been dominant.

With the price consistently staying below the cloud, there are no immediate signs of a trend reversal. The widening gap between the conversion and base lines suggests increasing bearish momentum.

For a trend shift, the PENGU price would need to reclaim the conversion line and eventually move into or above the cloud. Still, for now, the Ichimoku indicators continue to show strong downside pressure.

PENGU DMI Signals Strengthening Downtrend

PENGU’s DMI chart shows that its ADX has risen to 20.16 from 14.6 in just one day, indicating that the strength of the current trend is increasing.

The ADX measures trend strength, with values below 20 suggesting weak or indecisive trends, while values above 25 indicate stronger trends. The recent increase suggests that PENGU current trend is gaining momentum, though it is not yet fully established.

Meanwhile, the +DI has dropped sharply from 31.4 to 15.49, signaling a decline in bullish pressure, while the -DI has surged from 16.8 to 37.42, showing strong selling dominance.

This shift confirms that PENGU price is in a downtrend, with bearish momentum increasing. With the ADX strengthening, the downtrend could persist unless buying pressure returns to counter the selling dominance.

PENGU Price Prediction: Will It Continue Testing New Lows?

PENGU, which has a market cap of $1.08 billion, is currently trading at its lowest levels ever, falling below $0.018 for the first time. Once the largest meme coin on Solana, it was surpassed by TRUMP, BONK, and DOGWIFHAT.

Given the bearish signals from both the Ichimoku Cloud and DMI indicators, the likelihood of PENGU dropping below $0.017 appears high. The price remains well below the cloud, while the ADX has risen, confirming that the downtrend is strengthening. The -DI dominance further supports continued downside pressure.

However, if momentum shifts and PENGU price can reclaim key levels, a trend reversal could lead to a test of the resistance at $0.022, with further upside potential if buying pressure strengthens.

XRP price continues to show strong momentum after reaching new all-time highs in mid-January. The token is up nearly 10% in the last 24 hours, with its market cap standing at $181 billion and trading volume exceeding $10 billion.

Despite a slight dip in whale activity, the number of large XRP holders remains at historically high levels, signaling sustained interest. Key technical indicators, such as CMF and EMA lines, suggest a potential for further upside, though critical support levels will be crucial in determining XRP’s next move.

XRP Whales Are Down from Peak Levels

XRP whale addresses—those holding between 10 million and 100 million XRP—reached 305 on January 23 and 24, marking one of the highest levels ever recorded.

Since then, the number has slightly declined to 299, but it remains elevated, indicating sustained interest from large holders despite the recent dip.

Tracking whale activity is critical because these large holders often have the power to influence price movements through their buying and selling actions.

The current count of 299 suggests that while some whales may have reduced their holdings, overall confidence among major investors remains strong. This elevated level could support XRP price, as consistent accumulation by whales often signals long-term bullish sentiment.

XRP CMF Indicates Increased Accumulation

XRP’s Chaikin Money Flow (CMF) has risen to 0.19 from 0.08 just a day ago, indicating increased capital inflows and stronger buying pressure. This suggests that investors are accumulating XRP, a potential sign of bullish sentiment building in the market.

The CMF, which measures the volume-weighted average of accumulation and distribution, shows positive values when capital inflows exceed outflows.

With a reading of 0.19, XRP CMF highlights growing confidence among buyers, which could provide support for its price and signal potential upward momentum if sustained.

XRP Price Prediction: New All-Time Highs In February?

XRP EMA lines indicate the possibility of a golden cross forming, which could spark a new uptrend. If this bullish pattern materializes, XRP may rise to test the $3.28 resistance level.

Breaking past that, XRP price could climb further to $3.40 and potentially reach $3.50 for the first time ever.

However, if a downtrend emerges instead, XRP price could test the $3.03 support level. Losing this support might lead to a further decline to $2.82, with the potential to drop as low as $2.60 or even $2.32. This would represent a 26.5% correction.