PENGU Token Surges: $0.0348 Breakout Imminent as Bulls Take Control

PENGU isn't just waddling—it's sprinting toward a critical resistance level.

Key levels to watch: The meme coin flirts with $0.0348 as trading volume spikes 300% overnight. Whale wallets are loading up, and retail FOMO is building—classic recipe for either a moonshot or a 'rug pull' (this is crypto, after all).

Technical breakout or trap? The chart shows a textbook ascending triangle, but remember: in a market where 'fundamentals' mean which mascot looks cutest on a chart, TA is just astrology for finance bros.

What's next: If PENGU holds above $0.0320 through the weekend, expect a violent squeeze toward $0.040. Just don't bet your DeFi yield farm on it.

• PENGU spikes 13.9% in 24 hours and 46.9% in the week, defying the bearish pattern. 
• A breakout above $0.0348 could drive it toward the $0.039–$0.040 range. 
• PENGU’s coiling behavior and buyer activity at the Fair Value Gap show bullish action.

Pudgy Penguins (PENGU) is recapturing attention from traders and experiencing a surge in its price against the overall market. Its price over the last 24 hours is up by 13.93%, and over the last week it is also up by 46.9%.

The general market trend is now turning bearish as Bitcoin (BTC) starts its consolidation around its key support level. This movement has influenced the overall market badly, but PENGU is still moving in an upward direction.

At the time of writing, PENGU is trading at $0.03303 with a 24-hour trading volume of $1.19 billion, up by 7.93% over the last 24 hours. The coin has a market capitalization of $2.08 billion, which is also up by 13.37%.

Also Read: PENGU Price Analysis: Price Eyes $0.038 Resistance After Breakout

PENGU Price Coiling Pattern Signals Bullish Move

A prominent crypto analyst, BullishBanter, highlighted that token is currently showing a tight coiling pattern, which means the price is accumulating pressure for a breakout. Technical analysts classify this pattern as a period of low volatility, wherein the price is squeezed tightly between the support and the resistance zone before a sharp breakout. 

In PENGU’s case, the liquidity is stalled above a weak high, generally an important confirmation for the price because stop-losses and breakout orders for the traders exist just above it. This MOVE typically sets the stage for a fast upside squeeze in the event the level is taken out with good authority. 

Buyers have remained bullish for a primary Fair Value Gap (FVG) and the ascending trendline, solidifying bullish sentiment. Each time the price dips into this region, buyers move in off the sidelines, consuming supply and holding the template for the uptrend. 

PENGU Price Targets $0.0348 Breakout Level

This buying at the technical levels indicates market participants are positioning for a breakout, and the $0.0348 becomes the key resistance level to watch. A convincing break above this level WOULD most likely require an explosion of stop orders, short selling stops to be taken, and launching the token to higher price targets. 

A confirmed breakout above $0.0348 could see an abrupt price jump, more simply defined as a squeeze. Typically, the size of the consolidation area is evaluated by the trader for the price target prediction, which, in the case of PENGU, could see the $0.039–$0.040 area in the NEAR term. 

Volume confirmation shall be critical; unless a surge in trading activity appears, any breakout attempt could turn into a false move and leave the late buyers stranded. Experts advise a strong candle close above the resistance with an effective retest as the final trigger for the momentum buyers. 

However, risks remain if the coin is incapable of holding the current structure. A sharp rejection at $0.0348 or a breakdown below the defended FVG and the trendline could invalidate the bullish structure and send the price back into broader consolidation. 

Also Read: Pudgy Penguin (PENGU) Poised for a Explosive Breakout Beyond $0.045