PENGU USD Primed for 400% Explosion? Meme Coin Shatters Resistance
PENGU just ripped through key technical levels—traders are betting this meme coin's ready to moon.
The Setup
Patterns don't lie. That +400% surge target isn't just hopium—it's backed by a textbook breakout structure. Retail's piling in while whales accumulate quietly.
Meme Magic or Market Sense?
Forget fundamentals—this is pure momentum play. PENGU's narrative sticks, and in crypto, stories often outperform spreadsheets. Just ask the 'serious investors' who missed Doge's first run.
Risks? Obviously. This ain't a Treasury bond—it's a volatile altcoin. But when memes break out, they tend to break big. Trade accordingly.
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On Coinglass, most traders are bullish on PENGU USDT. The long/short ratio is above 1.5, especially on Binance. This could mean that most traders and accounts on the world’s largest crypto exchange are optimistic about what lies ahead. Despite this skew, PENGU trading volume is down across most perpetual exchanges. While it is over $420M on Binance, trading volume is down nearly -8%.
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Is PENGU USD Ready For a +400% Spike?
From the
PENGU ▼-4.93% daily chart, the path of least resistance is northward.
Over the last six months, the PENGU price has more than doubled, adding +180%. Meanwhile, gains have been impressive in the last three months. PENGU USD surged a remarkable +300%.
pudgy penguinsPriceMarket CapPENGU$3.24B24h7d1y
The local support for the PENGU price is at $0.03 and $0.025. On the upper end, PENGU crypto bulls must comprehensively close above $0.04 and ideally, $0.045 on rising trading volume. If PENGU bulls take over, PENGU USD could extend gains posted over the last three months, racing towards December 2024 highs of around $0.07.
On X, one trader thinks PENGU USD is on the cusp of posting a 4X rally in the coming few days. He notes that the PENGU price is breaking out from a “textbook” cup-and-handle formation. When it does, PENGU crypto could easily fly to $0.22, a +400% spike.
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The cup-and-handle formation is a bullish pattern closely monitored by chartists. From the PENGU USD price action, the immediate resistance marking the rim of the “cup” is $0.04.
A close above this level opens up the PENGU price for a retest of December 2024 highs and eventually, $0.22 as the analyst projects.
What will Drive The Pengu Price To Fresh All-Time Highs?
How the PENGU price accelerates to new all-time highs depends on multiple factors.
If SOL USD breaks above $300, interest in Solana-based tokens like PENGU will increase, lifting demand.
Besides this positive correlation between Solana and Pengu, institutions are exploring the meme coin. In March 2025, Canary Capital filed for a Canary Spot Pengu ETF with the United States SEC.
$PENGU & Pudgy Penguin NFT ETF.
First of its kind.
History
pic.twitter.com/pFoD8LsnJI
— Luca Netz
(@LucaNetz) March 20, 2025
Unlike other ETFs, including Bitcoin and Ethereum, the fund will comprise +80-95% of PENGU and +5-15% Pudgy Penguins NFTs.
The regulator acknowledged the S-1 registration in July 2025, but the application is still under review.
Moreover, Pudgy Penguins, which is linked with PENGU, is aggressively expanding its brand into Asia. The Pengu Wonderland launch has driven its popularity in China and South Korea.
With presence in Asia, Pengu is being strategic, strengthening its cultural footprint while concurrently driving the utility of PENGU via in-game purchases and NFT integrations.
PENGU USD To Surge +400%? PENGU Meme Coin Breakout
- The Pengu price is solid, adding over +300% in three months
- Will PENGU USD close above $0.04?
- Analyst targets $0.22 if PENGU crypto breaks $0.04
- Spot Pengu ETF under review
