Pudgy Penguins Nears $0.044 Breakout Target Amid Bullish Cup and Handle Pattern

Pudgy Penguins ($PENGU) has emerged as a focal point for investors and traders, with analysts highlighting a potential breakout amid a well-defined bullish cup and handle pattern on the daily chart. The pattern, which began to take shape in late February 2025, has seen the asset achieve higher lows, culminating in a completed structure by early August. This formation indicates a period of accumulation followed by a measured pullback, with the current handle maintaining a key rising support trendline established in April [1].

The technical case for Pudgy Penguins is further strengthened by a pending exchange-traded fund (ETF) filing backed by CBOE, currently under review by the U.S. Securities and Exchange Commission (SEC). This development, combined with the project’s rapid expansion in Asia, has positioned Pudgy Penguins as a community-driven token gaining regional traction. In Asian markets, it is increasingly referred to as “Asia’s $DOGE,” underscoring its growing influence [1].

According to crypto analyst Ali (@ali_charts), the alignment of technical and fundamental factors is attracting broader investor interest. The asset is seen forming a critical breakout level at $0.044, with a measured move projection targeting $0.082—nearly double the current price of $0.03826. A daily close above this neckline with strong volume is necessary to confirm the pattern and validate the target [1].

The recent price action has shown a 1.02% daily increase and an 11.53% rise over the past week, supported by a 24-hour trading volume of $724.695 million. These figures reflect the increasing liquidity and engagement surrounding Pudgy Penguins [1]. Traders are actively positioning stops below the handle’s low to manage risk, while the prevailing uptrend suggests continued bullish control unless the asset fails to clear resistance.

The combination of a structured technical formation, supportive fundamentals, and a favorable market environment has placed Pudgy Penguins in the spotlight. Investors are closely watching for confirmation of the breakout at $0.044, with the potential to reach $0.082 if the pattern holds. As the ETF filing progresses through regulatory review, further developments could influence the trajectory of the asset in the coming months [1].

Source: [1] Pudgy Penguins Targets $0.082 Amid Cup and Handle Pattern and Strong Fundamentals (https://coinmarketcap.com/community/articles/68990975d3f2f1289a153185/)