Pudgy Penguins Mascot Races into F1 Spotlight After Kraken Victory—PENGU Targets $0.050 Surge

Move over, Red Bull—Pudgy Penguins just turbocharged its brand with a high-octane F1 debut. The NFT project's mascot clinched Kraken's contest crown, sending its token PENGU eyeing a $0.050 breakout.

From Meme to Mainstream

Forget 'quiet luxury'—crypto's playbook now includes penguins overtaking pit crews. The Kraken win slingshots Pudgy Penguins onto F1's global stage, proving even Web3 mascots can outmaneuver traditional sponsors.

Token Traction

PENGU's price action mirrors the hype, flirting with $0.050 as traders pile in. Because nothing says 'sound investment' like a cartoon bird leveraged 50x on futures—just ask the degens who missed Dogecoin.

Game on. The penguin has left the iceberg.

PENGU price prediction

Meanwhile, PENGU price continues to consolidate, with the 20-day EMA acting as a dynamic support, following a recent pullback to $0.0312. The price action appears to be shaping into what looks like a bullish pennant, characterized by narrowing highs and lows after a sharp upward MOVE in July.

This consolidation phase, accompanied by declining volumes, often signals that the market is pausing before potentially resuming its prior uptrend. A decisive breakout above the upper trendline around $0.0395–$0.0400 could open the door for another leg higher, while a breakdown below support at $0.0312 WOULD invalidate the pattern.

If buyers succeed in pushing PENGU above the pennant’s resistance, the initial upside target would likely be the late-July swing high NEAR $0.045, followed by the psychological $0.050 level. From the current price of $0.036, this would mark 25% and 39% gain, respectively.