Pudgy Penguins (PENGU) Price Prediction: Ascending Triangle Points to Major Upside Towards $0.025

Pudgy Penguins (PENGU) is making its way into the crypto space, and it’s grabbing attention alongside heavyweights like Bitcoin and Ethereum. With its price just above a cent, this low-cap token is catching the interest of the meme coin community. Is it a good time to buy Pudgy Crypto Penguins?

Pudgy Penguins’ current price is $0.1535, down -1.43% in the last 24 hours. Source: Brave New Coin

The Solana Post’s recent post shows that PENGU is now trending on CoinMarketCap, showing up alongside the likes of Bitcoin and Ethereum. The meme coin crowd seems to be turning its attention toward it, pushing it into the spotlight. At just over a cent, it’s low-cap but clearly on watch.

Pudgy Penguins climbs on CoinMarketCap’s trending list, capturing the attention of meme coin community. Source: The Solana Post via X

In crypto, trends often signal where the next real moves are building, and PENGU is starting to show up in those conversations. The community around it looks active, and that could further benefit Pudgy Penguins outlook.

After catching eyes on the trending list, PENGU is now drawing even more attention for its chart setup. Sasquatch’s latest post compares PENGU’s current range to PEPE’s pre-breakout structure. Both show a similar accumulation box, breakout test, and push toward the upper boundary. For PEPE, that move kicked off a 500% rally.

PENGU mirrors PEPE’s breakout pattern, setting the stage for potential upside. Source: Sasquatch via X

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, things could move quickly. The next resistance to watch is around $0.02500, and if momentum continues, a stretch toward the $0.04000 zone isn’t off the table.

Famous crypto analyst, Ali Martinez, adds another confirmation to PENGU’s bullish outlook. Pudgy Penguins is establishing a series of higher lows is 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.

Price forms an ascending triangle, with resistance near $0.018, setting up a potential 200% breakout. Source: Ali Martinez via X

This move is on the back of the alignment of both technicals and fundamentals. Pudgy Penguins price 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.

btc_zack is sounding the alarm on a potential short squeeze brewing in PENGU. His latest chart highlights aggressive short positioning on the funding rate charts, setting the stage for a rapid reversal. With PENGU holding firm after recent gains, any sudden upside pressure could force panic short coverings.

PENGU may be gearing up for a short squeeze, with upside potential targeting $0.23 and possibly new all-time highs. Source: btc_zack via X

The first major upside marker Zack points to is $0.23, and from there, towards all-time highs. While that may seem like a stretch now, it lines up with the broader breakout narrative forming across PENGU’s recent charts. If the squeeze does kick in, it could push the price considerably higher.

Adding to the recent bullish pressure, PENGU on the 4-hour chart is showing signs of lift-off. CryptoS6 points out that it is printing a golden cross, with the 200-SMA moving above the 100-SMA, a classic momentum shift toward bullish continuation. Furthermore, the velocity and acceleration signals have both flipped bullish, suggesting an accelerated phase ahead.

Price shows bullish signs with a golden cross and flipped velocity/acceleration indicators. Source: CryptoS6 via X

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 Pudgy Penguins 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.