Pudgy Penguins Surges 50% in Week, Mimicking Pepe's Price Pattern

An analyst has drawn parallels between the price trends of Pudgy Penguins (PENGU) and Pepe (PEPE), suggesting that PENGU may be on a similar trajectory to PEPE before its significant price surge. The analyst, Ali Martinez, highlighted the similarities in the price charts of the two cryptocurrencies, noting that PENGU's recent price movements resemble those of PEPE before its explosive growth.

Martinez compared the price charts of PENGU and PEPE, marking the Fibonacci Retracement levels for both assets. For PEPE, the 1.0 level was set at the high from 2023, while for PENGU, it was set at the peak from the start of 2025. The zero mark was taken at the bottom point following the aforementioned top in the coins. Martinez then drew the Fibonacci Retracement levels between the two endpoints, with each line corresponding to some percentage retracement from top to bottom.

In PEPE’s case, the price bottom was followed by a recovery surge that topped above 0.5, the midway point of the Fibonacci scale. This high led into a retrace, but bullish momentum returned for the coin in 2024, resulting in a sharp explosion where its price far surpassed the 2023 top. Similarly, Pudgy Penguins’ chart shows a pattern of a top above the 0.5 Fibonacci Retracement line, followed by a dip and now a rebound. The rebound in question corresponds to the altcoin’s impressive 50% rally over the past week. Even with this surge, however, the asset has only managed to return to the May high.

While there are similarities between the two price charts, it is not an exact mirror. For instance, the dip extended to 0.236 for PEPE, but the rebound came for PENGU before such a retracement could occur. With the rebound also not being as strong as PEPE’s so far, it remains to be seen whether Pudgy Penguins’ surge would end up evolving into anything like the memecoin’s takeoff. According to the analyst, “a daily close above $0.015–$0.017, and this train could be unstoppable.”

Another indicator pointing toward a potential breakout for PENGU is the Ascending Triangle pattern it has been traveling inside over the last few months. Pudgy Penguins has recently climbed to the upper line of the pattern, situated around $0.015. Generally, breaks above the resistance line of an Ascending Triangle are considered to be bullish signals. So far, the coin hasn’t been able to surge past the line.

At the time of writing, Pudgy Penguins is trading around $0.0148, up over 4% in the last 24 hours. The coin seems to have been climbing up in recent days, and if it can sustain this momentum, it may follow a similar path to PEPE's explosive growth. However, it is important to note that past performance is not indicative of future results, and investors should conduct their own research before making any investment decisions.