Pudgy Penguins (PENGU) Price Prediction: Breakout-Retest Combo Above $0.035 Sparks Fresh Upside Potential

After a brief cooldown, PENGU has reclaimed key levels and is now flashing early signs of a breakout. Market participants are watching closely, as the structure forming on lower timeframes resembles a textbook bull flag.

After going through a short phase of consolidation and correction, PENGU Pudgy Penguins price is starting to break out once again. The latest 15-minute chart from Muro shows a clean break and retest of the descending trendline that had capped price for much of the previous day. This type of reclaim, especially when followed by a supportive bounce, often signals a shift in momentum back in favor of the bulls.

PENGU reclaims descending trendline with a clean breakout and retest, hinting at renewed bullish momentum. Source: Muro via X

Now that the price has popped back above the trendline, eyes are on whether this move can gather strength and push towards the $0.0450 to $0.0470 region. It’s not a confirmed breakout yet, but the structure is starting to lean bullish once more.

Momentum isn’t just building on the chart, PENGU is now making headlines on the leaderboard, too. According to new data from SolanaFloor, PENGU has officially overtaken $TRUMP to become the second-largest memecoin by market cap on the Solana network, now sitting at $2.32 billion versus TRUMP’s $2.30 billion.

PENGU overtakes $TRUMP to become Solana’s second-largest memecoin by market cap at $2.32B. Source: SolanaFloor via X

Just as PENGU started reclaiming technical levels, this market cap milestone adds another layer of confidence for holders watching broader sentiment. If capital rotation continues within Solana’s memecoin space, PENGU could soon find itself in a stronger spot both technically and fundamentally.

As the breakout gains momentum, Pudgy Penguins is now inching closer to a major technical inflection zone. The volume profile and Fibonacci extension levels shown in CryptoS6’s chart highlight how the $0.035 to $0.037 area has acted as the final barrier before thinner resistance overhead. With price holding above this range, the path towards higher targets like the 2.618 Fib ($0.0450) and 3.618 Fib ($0.0585) becomes more visible and accessible.

Pudgy Penguins pushes past key resistance, eyeing $0.0450 and $0.0585 Fibonacci extension targets. Source: CryptoS6 via X

What’s especially interesting here is how the volume drops off dramatically above current levels, leaving very little overhead supply. That sets the stage for price discovery if bulls manage to sustain momentum. With the market already responding well to trendline reclaim and leaderboard gains, technicals now suggest that any close above $0.040 could act as a launchpad toward those higher extensions.

While technicals and market cap milestones have been fueling much of the recent PENGU hype, whale activity is quietly adding another important layer. As shown in the dashboard update from ah kek, there’s been a sharp uptick in whale holdings over the past few weeks, and what’s striking is how tightly that correlates with the upward move in PENGU’s price. Every major push in price appears to follow a rise in whale balances, which reinforces the idea that this rally isn’t just retail-driven.

Whale holdings in PENGU surge since late June. Source: ah kek via X

The chart also hints at a behavioral shift: whales began accumulating heavily in late June, even when price was still consolidating. That early accumulation phase looks to have set the stage for the recent move past $0.035. Now, with both whale holdings and price rising together again, the market is showing signs of deeper conviction behind the breakout

Adding to the technical confidence, the recent chart from famous crypto chartist Ali Martinez shows a well-formed bull flag pattern playing out. After the initial vertical impulse, price action moved into a clean consolidation range, creating a downward-sloping channel which is a part of bull-flag formation.

PENGU breaks out of a well-defined bull flag, reinforcing bullish momentum above $0.035. Source: Ali Martinez via X

The breakout from this structure aligns perfectly with the recent uptick above $0.035, signaling that PENGU may now be entering its next leg higher if buyers remain in control.

What makes this setup even more convincing is how the bull flag breakout lines up with fundamentals and other technical triggers. It acts as added confirmation.

The recent breakout in PENGU carries more weight than a typical memecoin pump. With a clean technical structure, increasing whale confidence, and a rapidly growing market presence on Solana, this move appears less like a short-term play and more like a coordinated shift. If the broader market holds up and bulls keep control, the road to $0.047 and beyond looks very likely.