Evaluating potential price surge for PENGU to reach $0.046 following its breakout
Pudgy Penguins (PENGU) Soars 13% and Poised for a Rally
In a bullish turn of events, Pudgy Penguins (PENGU) has surged by 13% at press time, dominating the PENGU market with no major hurdles for the memecoin's upward momentum.
This surge has resulted in traders building $7.67 million worth of long positions and $3.18 million worth of short positions. Based on recent price action, PENGU appears bullish and is poised for an upward rally.
Our technical analysis reveals that PENGU is poised for an upward rally. The token’s current technical indicators show a moderately bullish sentiment with a 14-day Relative Strength Index (RSI) around 56 (neutral to slightly bullish) and a 50-day simple moving average (SMA) near $0.0273. Volatility remains moderate (~11.72%).
Technical forecasts indicate PENGU is approaching key breakout zones, reinforcing potential upward momentum in the near term. The 'Supertrend' indicator for PENGU is green and positioned below the memecoin's price, suggesting that PENGU is in an uptrend and the bulls are in control.
The breakout of the bullish falling wedge pattern has opened the path for a significant price uptick for PENGU. Key liquidation levels for PENGU are at $0.03465 and $0.0379, suggesting potential over-leveraging.
Experts and on-chain metrics indicate a mixed but generally cautiously optimistic outlook for Pudgy Penguins (PENGU), with potential for a rally near or above $0.0464 depending on market conditions.
DigitalCoinPrice projects a broad price range in 2025, with a potential maximum reaching $0.0893 (+125%) but also a possible low of $0.0365 (-10%). This signals substantial upside potential beyond $0.0464 though it may also dip lower temporarily.
Another source expects PENGU to target approximately $0.0791 to $0.082 in late 2025 after breaking key resistance levels, reflecting bullish technical momentum and the possibility of surpassing its prior all-time high of $0.05738.
Bravenewcoin highlights strong on-chain bullish signals, particularly whale accumulation: major Korean exchange-linked wallets have acquired about 945 million PENGU (~$32 million), suggesting increased demand by influential holders which often precedes rallies. This accumulation supports a near-term rally estimate of 30–40%, which would take prices well above $0.0464.
However, risks remain with possible temporary dips below this level, reflecting moderate volatility in the meme coin market. Some forecasts remain conservative or show potential price declines by September 2025, with estimates around $0.0267 (-25%). This divergence suggests short-term volatility is likely.
On-chain analytics firm CoinGlass indicates that investors and traders have been accumulating and betting on the bullish side of PENGU, further supporting the bullish outlook. PENGU has successfully broken out of a descending channel pattern, another positive sign for the memecoin.
A crypto expert has predicted that PENGU is targeting $0.041. PENGU's Trading Volume jumped by 60% compared to the previous day, indicating increased investor and trader interest.
In summary, multiple expert forecasts combined with on-chain whale activity point toward a potential rally exceeding $0.0464, possibly reaching $0.08 or higher by late 2025 after overcoming resistance. However, risks remain with possible temporary dips below this level, reflecting moderate volatility in the meme coin market.
- As market sentiment leans bullish, the crypto market witnesses a surging BTC and Ethereum (ETH), with Pudgy Penguins (PENGU) leading the charge with a 13% surge.
- The growth in PENGU's market has resulted in traders building significant long and short positions worth $7.67 million and $3.18 million respectively, indicating a bullish trend.
- Technical analysis suggests that PENGU's technical indicators show a slightly bullish sentiment, with a 14-day Relative Strength Index (RSI) near 56 and a 50-day simple moving average (SMA) near $0.0273, while volatility remains moderate.
- The Supertrend indicator for PENGU is green and positioned below the memecoin's price, further reinforcing the bullish trend.
- The breakout of the bullish falling wedge pattern opens the path for a significant price uptick, with key liquidation levels at $0.03465 and $0.0379 predicting potential over-leveraging.
- Experts and on-chain metrics indicate a bullish outlook for Pudgy Penguins (PENGU), with potential rallies near or above $0.08 by late 2025 if market conditions remain favorable, despite the moderate volatility in the crypto market.
