Pudgy Penguins (PENGU) Surges 8% Amid Bullish Momentum

Pudgy Penguins (PENGU) has recently gained significant attention in the cryptocurrency market, with its price surging over 8% on both the daily and 4-hour charts. The token is now approaching a critical resistance zone between $0.0175 and $0.020, with traders eagerly awaiting whether it will break through or experience a pullback.

After months of sideways movement and a prolonged downtrend that began earlier this year, PENGU's price finally broke above a key descending trendline in late June. This breakout sparked a rally, and the focus is now on whether the momentum can sustain the price into the next leg higher. The daily chart shows that PENGU had been in a downtrend for most of 2025, but this changed near the end of June when it burst from a downtrend pattern with force. The price has been increasing steadily since then, aided by increasing volume and consecutive green candles. The token is now trading above its 200-day moving average, which could indicate a longer-term trend reversal.

The 4-hour chart paints a clear picture of an uptrend, with PENGU price riding a rising trendline since around June 27, consistently printing higher highs and higher lows. It’s also holding well above the 200-period SMA at $0.0107, confirming that short-term momentum is still in favor of the bulls. However, the price is now bumping up against the red resistance zone. If buyers can break through $0.019 with volume, the next possible targets sit around $0.022–$0.024. If not, there may be some sideways action or a pullback.

The Relative Strength Index (RSI) on both PENGU charts is in overbought territory, 75.56 on the daily and 70.81 on the 4-hour. This indicates strength but also suggests that things might be a bit overheated in the short term. There’s a bearish divergence on the 4-hour chart, where the price made higher highs but the RSI made lower highs. This is usually an early warning sign that momentum may be weakening, even if the price is still rising.

If PENGU price does not break through resistance, support levels at $0.012–$0.013 or even as low as $0.010 could be triggered. Those markets have done well in the past and could sell again if the market cools off. For now, the structure is still bullish, but this resistance test could be a make-or-break moment. Traders will be watching closely to see if this rally has more fuel or if it’s time to take a breather.

PENGU's current price is $0.1535, and it has been showing strong potential for a breakout. The token is making its way into the crypto space, catching the interest of the meme coin community. Its price, just above a cent, has been drawing comparisons to other successful meme coins like PEPE, which experienced a 500% rally after a similar breakout pattern. PENGU's chart setup mirrors PEPE's pre-breakout structure, with both showing an accumulation box, breakout test, and push toward the upper boundary. This technical similarity has sparked optimism among traders and analysts.

Technically, PENGU is sitting near the top of its range with volume starting to build. If bulls manage to break above the $0.016 level with conviction, the next resistance to watch is around $0.02500. If momentum continues, a stretch toward the $0.04000 zone isn't off the table. According to the analyst's forecast, the token is establishing a series of higher lows, forming an ascending triangle with resistance sitting just above the $0.018 mark. If that ceiling gives way, the measured move from this formation points toward a potential breakout target near $0.044, roughly a 200% move from current levels.

The bullish outlook for PENGU is further supported by the alignment of both technicals and fundamentals. The token has seen new partnerships, growing user activity, and a sharper narrative around utility. As the price trades near the end of this ascending triangle, the Pudgy Penguins price prediction scenario looks increasingly bullish. Additionally, momentum indicators on the 4-hour chart are showing signs of lift-off, with a golden cross and flipped velocity/acceleration indicators suggesting an accelerated phase ahead.

The main catalyst behind PENGU's sudden breakout appears to be a pivotal regulatory development that could change the landscape for meme coins. This development, along with the increasing momentum and bullish signals, has pushed PENGU into the spotlight. The token is now trending on various platforms, capturing the attention of the meme coin community. With little resistance in the current range and short interest building up, a breakout could trigger a squeeze that sends PENGU even higher.

In conclusion, Pudgy Penguins (PENGU) is showing strong potential for a breakout. With a solid technical setup and increasing momentum, it’s heading towards a crucial resistance level at $0.018. If PENGU's price can break through this level with strong volume, it could push toward the next resistance at $0.02500. The formation of an ascending triangle and bullish signals from momentum indicators further support the idea of a potential rally ahead. However, traders should remain cautious as the token navigates this key resistance level, which could make or break the rally.