The PENGU token, associated with Pudgy Penguins, is currently trading near $0.034, following a recent decline. Despite a 12% drop in the last 24 hours and a 9% weekly decrease, analysts are observing a potential bullish breakout.
Analyst Ali Martinez points out that PENGU has formed a “bullish pennant” on its 4-hour chart, a pattern that typically signals a strong upward move after a period of consolidation. The token is trading between a resistance level of $0.04-$0.045 and a support level around $0.035, which aligns with the 0.786 Fibonacci retracement. The token’s all-time high was previously $0.068.
Other technical indicators also support a potential rally. Martinez noted that the TD Sequential indicator has issued a buy signal, with a bullish divergence on the RSI. This aligns with the bullish pennant and projects a potential target of $0.110 if a breakout occurs. If PENGU continues to advance, analysts believe its next market cap levels could be around $0.19 for a $10 billion valuation.
However, the token is facing resistance in its current price zone, and a recent period of liquidations saw over $3.1 million in long positions wiped out in a single day, indicating significant volatility. Analyst Sjuul of AltCryptoGems suggests that buying opportunities may arise from any dips at this stage.
August 2025, Cryptoniteuae
