PENGU Primed for a Rally? $0.11 Target in Sight as Bullish Flag Pattern Emerges

Crypto traders, brace yourselves—PENGU might be gearing up for a comeback.

After weeks of sideways action, the token's chart is painting a bullish flag formation—a classic breakout signal that could send prices soaring. If the pattern holds, we're looking at a potential push toward $0.11.

The Technical Setup

Flags don’t lie—at least, that’s what chartists want you to believe. The consolidation phase has tightened just enough to hint at pent-up demand. A clean breakout above the upper trendline could trigger algorithmic buys and FOMO-driven rallies.

The Catch

Of course, in crypto-land, patterns break as often as New Year’s resolutions. A failed breakout could see PENGU retesting lower supports—because nothing says 'volatility' like a market fueled by memes and leverage.

So, will PENGU waddle to $0.11 or faceplant? Grab your popcorn—and maybe a risk management plan.

Bullish Flag Formation

Pudgy Penguins’ token, PENGU, is trading NEAR $0.034, with a 24-hour decline of 12% and a weekly decline of 9%. Trading volume stands at $1.13 billion. On the 4-hour chart, the asset has formed a bullish pennant, which consists of a sharp upward move, known as a flagpole, followed by consolidation inside converging trendlines.

Analyst Ali Martinez noted that PENGU shows a textbook bullish flag. The flagpole was formed during the price MOVE to $0.045 in July. 

Notably, the current range is between the upper resistance near $0.04–$0.045 and support near $0.035, which matches the 0.786 Fibonacci retracement. Other key Fibonacci levels are $0.029 (0.618), $0.026 (0.5), and $0.022 (0.382).

$PENGU is forming a textbook bullish flag, signaling a potential explosive bullish breakout toward $0.110! pic.twitter.com/XcugaQEZFW

— Ali (@ali_charts) July 31, 2025

Market Capitalization Levels and Price Range

K A L E O mentioned that PENGU is trading under its previous all-time high of $0.068. The token experienced a long decline into early 2025 before breaking two descending trendlines and entering its current range.

The next market cap levels are $0.19 for a $10 billion valuation and $1.10–$1.50, matching Dogecoin’s last cycle peak near $100 billion. These levels serve as the next price zones if the token continues to advance beyond the current resistance.

PENGU Signals Breakout as Longs Suffer

Martinez also reported that the TD Sequential indicator has issued a buy signal. The setup shows the trendline holding as support, a bullish divergence on the RSI, and price moving along the lower edge of its channel. 

Consequently, these technical conditions align with the bullish flag structure, which projects a potential target of $0.110 if an upward breakout occurs.

Furthermore, Analyst Sjuul, Founder of AltCryptoGems, notes that the token faces resistance at the current zone. Previous breakouts, such as the one near $0.017, also faced initial rejection before advancing further. 

The analyst also advises market participants to consider focusing on buying the dip opportunities at this stage.

Data from Coinalyze shows $4.0 million in liquidations over the last 24 hours. Long positions made up $3.1 million, while short positions totaled $955,900, all in perpetual contracts.