Pudgy Penguins (PENGU) is making waves! A 120% rally, whale accumulation, and cup and handle patterns. Can PENGU reach $0.044? Dive into the analysis!

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Pudgy Penguins (PENGU) is heating up! With a massive rally and increasing whale interest, can this meme coin waddle its way to new heights?

Pudgy Penguins: Catching Serious Attention

Pudgy Penguins is turning heads after posting a massive 120% rally. While other altcoins struggle, PENGU is building strength with a clean technical structure and growing whale support. This isn't just another meme coin; it's showing real potential.

The Rally and Consolidation

After a steep 120% surge, PENGU is holding its ground, trading near local highs around $0.015. The one-month chart shows nearly 290% returns since early June. Recent pullbacks have been shallow, and volume remains healthy, suggesting a bullish outlook. If buyers keep supporting this range, PENGU could be setting up for another leg up.

Volume Trends and Key Levels

As PENGU consolidates, volume is quietly climbing. The next move hinges on whether PENGU fills the nearby price imbalance lower. If that gap is tested and defended, it sets up a solid springboard for another expansion leg. The $0.013 to $0.014 region is acting as firm support, and Fibonacci extension points to $0.044 as the next logical target. A break above $0.017 resistance could be the launchpad for another leg higher.

Whale Accumulation: A Silent Force

Whale wallets holding over 8.88 million PENGU have grown by 2.56% over the past 90 days. This accumulation adds crucial support beneath price action. If this trend continues, it could provide the structural backing needed for PENGU to make a real attempt at its $0.044 breakout target.

Cup and Handle Formation

A new cup and handle formation is developing on the daily chart, hinging on a confirmed breakout above the $0.017 level. A confirmed breakout with rising volume would validate the pattern and potentially trigger a move towards the $0.028 to $0.030 zone. As long as PENGU stays above the $0.014 support floor, this pattern holds its bullish potential.

Pudgy Penguins Price Prediction: Eyes on $0.017 Breakout

Following PENGU’s triangle breakout and increasing whale activity, the setup favors continuation. The $0.013 to $0.014 region is acting as firm support, and the Fibonacci extension points to $0.044 as the next logical target.

Is a Pullback Imminent?

Pudgy Penguins price has soared 53% in the last month. The surge in PENGU price has made the token the top monthly gainer among major cryptos. The price is now on pause after a massive 53% surge over the past month, reaching a high of $0.001750. PENGU has found support around the 0.382 Fib level ($0.01413) and is bouncing off this level.

Final Thoughts: The Road Ahead

What makes PENGU stand out right now isn’t just the size of its rally, it’s how well it’s holding together. It’s building structure, retesting key zones, and showing clear signs of buyer interest. The $0.017 level may be the near-term hurdle, but the overall setup is preparing for a second leg. So, keep an eye on those penguins; they might just surprise you!

News data source: kdj.com

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