Pudgy Penguins expands to SoFi – Here’s how PENGU can reclaim $0.008

PENGU expanded onto SoFi as a fresh buy signal and fading bearish pressure raised recovery prospects.

Written by Evans Boto

Reviewed by Jacob Thomas

Updated 19:00 EDT October 20, 2026

PENGU gains access to 15M SoFi members – Can fading bearish pressure fuel recovery?

Pudgy Penguins’ PENGU has extended its presence in traditional finance as SoFi bank launched PENGU’s trading to over 15 million members across its platform.

The announcement notably marked another crucial milestone for the memecoin, expanding its availability beyond the conventional crypto exchange platforms.

According to Pudgy Penguins’ official handle on X, SoFi customers have been offered the opportunity to buy, sell, and hold PENGU directly through the financial platform. Importantly, SoFi was listed as the first nationally chartered bank to provide cryptocurrency services to its members.

This crucial integration therefore expanded PENGU’s accessibility via an already established financial institution, which would potentially introduce the token to new investors.

Additionally, the development aligned with renewed attention toward PENGU’s technical price outlook following a fresh bullish signal.

A market analyst spots another potential PENGU rally

Notably, a prominent crypto analyst identified a fresh TD Sequential buy signal on PENGU’s daily chart, implying another possible price upswing. The analyst particularly highlighted the indicator’s previous signals, which preceded considerable price movements.

To be specific, the buy signal on the 7th of August preceded a 77.64% price expansion, while the signal on the 15th of September preceded a 66.94% price advance. However, the sell signal on the 25th of September preceded a 31.58% price decline, highlighting the indicator’s recent track record.

Building on these observations, the market analyst identified the memecoin’s broader pattern of higher highs and higher lows. Accordingly, the analyst suggested another potential price surge approaching 70%, with $0.013 emerging as his possible upside target.

A look at the prevailing PENGU’s price action

At the time of reporting, PENGU was valued around $0.007517 after retreating gradually from the $0.0100 supply region, pushing its correction toward a crucial support.

Notably, on the daily timeframe chart, the correction brought prices toward the lower boundary of the $0.0075–$0.0080 Order Block (OB), where the bulls encountered a crucial test. Interestingly, the MACD’s negative histogram bars had started to shrink gradually, implying that bearish pressure was fading.

Here, it is important to note that the MACD line remained negative at -0.000352, below its signal line at -0.000248. The Stochastic RSI readings of 8.46 and 5.24, meanwhile, reflected deeply oversold conditions, validating the possibility of a price recovery.

A sustained defense of the $0.0075 support could therefore support a rebound towards the $0.0080 region, potentially pushing toward $0.0090 and eventually the $0.0100 supply zone.

Liquidation clusters reveal PENGU’s next price targets

Aside from the technical setup, Binance’s 24-hour Liquidation Heatmap visibly highlighted considerable leveraged positions surrounding PENGU’s prevailing trading range. The strongest overhead liquidity clusters emerged around the $0.0078 region, creating an important liquidity target above the prevailing market price.

Additionally, another notable liquidation band developed around the $0.0073 region, exposing a competing liquidity zone below the market price. A price recovery towards the $0.0078 region could trigger short liquidations, which could likely accelerate a price rally towards the $0.0080 area.

On the contrary, renewed selling pressure could, however, pull the memecoin towards $0.0073 before any meaningful recovery materializes. Overall, PENGU’s shrinking bearish pressure favored a potential recovery, even though reclaiming the $0.0080 level remained crucial for validating stronger upside prospects.