Latest Pangolin (PNG) Price Analysis

Deep Dive

1. V3 Ecosystem Momentum (Bullish Impact)

Overview: Pangolin V3, launched on 21 July 2025, has seen accelerated adoption with integrations into KyberNetwork (23 July) and VeloraDEX (22 July), enhancing liquidity and cross-chain trading efficiency.

What this means: These integrations expand Pangolin’s utility as a liquidity hub, attracting traders seeking optimized swaps and yield opportunities. The 24h trading volume surge (+253% to $2.45M) aligns with increased activity from these partnerships.

What to look out for: Sustained TVL growth on Avalanche subnets and additional V3 protocol integrations.

2. Technical Rebound (Mixed Impact)

Overview: PNG’s price ($0.122) rebounded near the Fibonacci 78.6% retracement level ($0.12235), while the RSI (14-day: 38.45) exited oversold territory.

What this means: Short-term traders likely capitalized on oversold conditions, but PNG remains below key moving averages (30-day SMA: $0.1376), signaling lingering bearish pressure. A close above $0.135 (50% retracement) could signal momentum reversal.

3. Avalanche Ecosystem Spotlight (Neutral Impact)

Overview: A 1 August analysis contrasted Avalanche’s institutional focus (featuring Pangolin) against Solana’s retail dominance, indirectly highlighting PNG’s role in Avalanche’s $1.4B DeFi TVL.

What this means: While not a direct catalyst, renewed attention to Avalanche’s ecosystem may have driven speculative interest in PNG. However, broader market fear (CMC Fear & Greed Index: 34) limits upside.

Conclusion

PNG’s 24h gain reflects a mix of technical buying, V3-driven liquidity growth, and ecosystem visibility. However, the token remains in a broader downtrend, requiring sustained demand to overcome resistance.

Key watch: Can PNG hold above the critical $0.122 Fibonacci level amid declining crypto-wide trading volumes (-58.9% 24h)?

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: PNG broke below its 200-day EMA ($0.144) and critical Fibonacci support at $0.133, triggering algorithmic sell orders. The RSI-7 sits at 24.75 – oversold but without bullish divergence.
What this means: Breakdowns below long-term moving averages often attract momentum shorting. While oversold conditions suggest possible relief, the MACD histogram (-0.0017681) shows bearish acceleration. Key support now at yearly low $0.123.

2. Post-V3 Profit Taking (Mixed Impact)

Overview: The July 21 V3 launch initially boosted volume 58%, but subsequent Kyber Network integration (July 23) failed to sustain momentum.
What this means: Traders often “sell the news” after major upgrades – PNG’s 30.2M circulating supply saw profit-taking as V3’s dynamic fees and concentrated liquidity failed to immediately boost protocol revenue. On-chain data shows exchange inflows spiking 41% post-launch.

3. Avalanche Ecosystem Strain (Bearish Impact)

Overview: Avalanche (AVAX) dropped 14.2% weekly vs. SOL’s 9.1% decline, dragging ecosystem tokens like PNG. AVAX’s TVL fell to $1.4B vs. Solana’s $6.7B.
What this means: As Avalanche struggles against Solana in the L1 race, capital rotates away from its DeFi tokens. PNG’s 0.93 correlation to AVAX over 90 days exacerbates the downdraft.

Conclusion

PNG’s drop reflects technical breakdowns, post-upgrade profit-taking, and Avalanche’s ecosystem struggles – a triple threat for holders. While oversold conditions suggest possible bounce attempts, the lack of bullish catalysts and broken support levels favor caution.
Key watch: Can PNG hold above its 2024 low of $0.123? A close below could trigger another 15–20% drop toward $0.10 psychological support.