Pudgy Penguins (PENGU) Price Prediction: Can Bulls Break $0.047 and Target $0.07 in August?
The post Pudgy Penguins (PENGU) Price Prediction: Can Bulls Break $0.047 and Target $0.07 in August? appeared on BitcoinEthereumNews.com. Pudgy Penguins is approaching its all-time high, with bullish patterns and surging on-chain activity hinting at a potential breakout toward the $0.07 target. Pudgy Penguins’ token is once again pressing up against a major technical wall. Trading around $0.03774, PENGU has been one of the top 100’s standout performers, building a steady uptrend of higher lows while holding firm above key support near $0.030. Pudgy Penguins Strong 90-Day Performance Sets the Tone PENGU has been one of the standout performers in the top 100 over the past 90 days, delivering a gain of more than 166% and climbing to $0.03774, according to CoinMarketCap data. This move has been supported by a steady uptrend structure, with higher lows forming consistently and price action holding above key short-term support near $0.030. The 20-day EMA continues to guide the trend upward, showing that momentum remains firmly with the bulls despite recent consolidation. Pudgy Penguins’ current price is $0.03774, up 1.62% in the last 24 hours. Source: Brave New Coin For Pudgy Penguins, the next key resistance sits near $0.047, with a potential breakout opening the door towards the $0.07 target. As long as PENGU maintains its higher-low formation and defends $0.030, the broader structure points towards a continuation of its outperformance in the weeks ahead. Cup and Handle Formation Strengthens PENGU’s Bullish Setup Building on its recent outperformance, PENGU’s daily chart shared by Ali Martinez highlights a well-defined cup and handle formation, a classic continuation pattern, positioned for a potential breakout. The neckline sits just under the $0.048 mark, with a measured move projection placing the upside target near $0.082. The handle’s consolidation phase has been relatively shallow, as sellers have been unable to gain much control in this phase. PENGU forms a textbook cup and handle pattern, eyeing a breakout above $0.048…
The post Pudgy Penguins (PENGU) Price Prediction: Can Bulls Break $0.047 and Target $0.07 in August? appeared on BitcoinEthereumNews.com.
Pudgy Penguins is approaching its all-time high, with bullish patterns and surging on-chain activity hinting at a potential breakout toward the $0.07 target. Pudgy Penguins’ token is once again pressing up against a major technical wall. Trading around $0.03774, PENGU has been one of the top 100’s standout performers, building a steady uptrend of higher lows while holding firm above key support near $0.030. Pudgy Penguins Strong 90-Day Performance Sets the Tone PENGU has been one of the standout performers in the top 100 over the past 90 days, delivering a gain of more than 166% and climbing to $0.03774, according to CoinMarketCap data. This move has been supported by a steady uptrend structure, with higher lows forming consistently and price action holding above key short-term support near $0.030. The 20-day EMA continues to guide the trend upward, showing that momentum remains firmly with the bulls despite recent consolidation. Pudgy Penguins’ current price is $0.03774, up 1.62% in the last 24 hours. Source: Brave New Coin For Pudgy Penguins, the next key resistance sits near $0.047, with a potential breakout opening the door towards the $0.07 target. As long as PENGU maintains its higher-low formation and defends $0.030, the broader structure points towards a continuation of its outperformance in the weeks ahead. Cup and Handle Formation Strengthens PENGU’s Bullish Setup Building on its recent outperformance, PENGU’s daily chart shared by Ali Martinez highlights a well-defined cup and handle formation, a classic continuation pattern, positioned for a potential breakout. The neckline sits just under the $0.048 mark, with a measured move projection placing the upside target near $0.082. The handle’s consolidation phase has been relatively shallow, as sellers have been unable to gain much control in this phase. PENGU forms a textbook cup and handle pattern, eyeing a breakout above $0.048…
What's Your Reaction?
