# PENGU Was Below Three Daily EMAs as Short-Term Momentum Weakened By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38179 Published: 2026-10-22T18:14:16.000Z Updated: 2026-10-22T18:14:16.000Z Section: Investing > Two Oct. 22 market readings put the token below its 20-, 50- and 200-day averages, while daily and shorter-term momentum indicators diverged. Two Oct. 22 technical readings put PENGU below all three daily averages, though they differed on price and average values, leaving separate views of the token’s trend. One reading listed Pudgy Penguins (PENGU) at $0.007844, below its 20-day exponential moving average (EMA) of $0.008122, 50-day EMA of $0.008218 and 200-day EMA of $0.007854. A separate reading at 6:08 a.m. ET (10:08 UTC) put PENGU at $0.007819, with the averages at $0.008093, $0.008202 and $0.008123, respectively. Both readings placed the token below each average. Daily momentum indicators improved, while shorter-term readings weakened. The daily relative strength index (RSI) reached 48.5 over its last three completed readings, and the daily moving average convergence-divergence (MACD) histogram remained negative but narrowed. Hourly RSI was 32.5 and 15-minute RSI was 23.2; the hourly MACD histogram widened to the downside. An hourly pivot at $0.007869 and support at $0.007812 framed the latest completed hourly candle, which closed at $0.007854. The close fell between those two levels. The readings followed two consecutive gains in UTC daily closing prices through Oct. 21. PENGU closed that day at $0.00811374, up 1.9% from Oct. 20, marking a [second consecutive UTC daily closing gain](). The same Oct. 22 market snapshot put total cryptocurrency market capitalization at $2.78 trillion, down 2.87% over 24 hours, and Bitcoin (BTC) dominance at 59.52%. PENGU is a fungible token in the Pudgy Penguins ecosystem, deployed on Solana and EVM-compatible networks. ## Links in this article - [second consecutive UTC daily closing gain](https://www.tokenpost.com/news/investing/37640)