Pudgy Penguins (PENGU) Set to Smash Through $0.040 Barrier as ATH Beckons
PENGU charges toward historic breakout territory—traders brace for potential record highs.
The Momentum Builds
Pudgy Penguins isn't just waddling—it's sprinting toward that critical $0.040 resistance level. Market watchers see all the classic signs of an impending surge, with buying pressure mounting and holders refusing to budge.
Breaking the Ice Ceiling
Clearing $0.040 opens the path to uncharted price discovery. The project's community-driven momentum—plus that classic crypto FOMO—creates the perfect storm for a parabolic move. Even traditional finance skeptics might need to acknowledge this isn't just another meme coin story.
Of course, in crypto, what goes up must sometimes crash spectacularly—but for now, the penguins are flying.
- Pudgy Penguins (PENGU) price surges after breaking out of a descending triangle pattern, confirming a bullish trend.
- Key resistance at $0.032 flipped into support, fueling strong upside momentum and attracting more traders.
- The next price target sits at $0.04+, with analysts eyeing a potential rally toward all-time high (ATH).
Pudgy Penguins (PENGU) is reflecting a remarkable strength with a notable gain in its value, in line with the growing crypto market. On the price chart, PENGU has broken out from the descending triangle pattern, which shows a strong potential ahead.
At the time of writing, PENGU is trading at $0.03382 with a 24-hour trading volume of $822.94 million and a market capitalization of $2.12 billion. The PENGU price over the last 24 hours is up by 16.82%, and over the last week, it is also up by 18.91%.
Source: CoinMarketCap
Also Read: Pudgy Penguins Release Mobile Game, PENGU Targets $0.035
PENGU Breakout Sparks Hopes of New ATH
According to the crypto analyst broski, PENGU has now technically broken out of its ranging daily triangle formation after weeks of consolidation. The breakout was a clear momentum switch, and traders are coming in as price action confirmed a bullish course. Technically, configurations such as this are typically spark triggers.
The key resistance area at $0.032 has now developed into support, a reality noted by various analysts as the spark points towards a larger move.
Once the zone was breached, momentum picked up pace promptly, driving the coin in the bullish camp as volume picked up pace. The market response points to growing hopes that we are headed towards a larger upleg in PENGU.
Source: X
The next big target is at $0.04+, a level traders believe could be reached in days given the strength of the breakout. Beyond the short-term gain, all the attention now is on the all-time high (ATH) of the project. Continued momentum and sustained inflows in liquidity could put PENGU on track for one of its largest moves yet.
PENGU Derivatives Spike Signals Fresh Market Inflows
PENGU derivatives activity spiked as volume jumped 334.42% to a record-breaking $1.21 billion, and open interest increased 36.46% to $383.57 million. The double spike is a precursor to new money entering the markets, as traders open new positions and FORM expectations of higher volatility.
Source: Coinglass
However, the OI-weighted funding rate increased by a slight 0.0050%, signaling leverage remains restrained despite inflow activity. The stability suggests the market is getting hot without excessive risk-taking but giving up room for sharper moves if momentum builds up.
Source: Coinglass
Also Read: Pudgy Penguins (PENGU) Eyes $0.046 as Wallet Accumulation Fuels Momentum
