Pudgy Penguins (PENGU) Price Prediction: Cup and Handle Breakout Could Drive 40% Surge
The post Pudgy Penguins (PENGU) Price Prediction: Cup and Handle Breakout Could Drive 40% Surge appeared on BitcoinEthereumNews.com. Pudgy Penguins is pressing against a key breakout level, with smart money inflows and bullish chart patterns fueling hopes for a move towards $0.05–$0.06. In the meme coin arena, Pudgy Penguins is quickly moving from underdog to serious contender. Over the past 24 hours, it climbed to third place in trading volume, overtaking some long-standing names and sitting just behind Dogecoin and PEPE. Pudgy Penguins Tests Key Breakout Zone in Cup and Handle Formation Pudgy Penguins is pressing against a well-defined breakout zone as a textbook cup and handle pattern nears completion. The neckline around $0.042 has been tested multiple times over the past week, showing sellers are still defending the level but with gradually diminishing reaction strength. Structurally, the rounded base of the cup has been followed by a controlled handle pullback, which is a classical bullish pattern. Pudgy Penguins eyes a breakout from its cup and handle pattern, with the $0.042 neckline in focus for a potential rally toward $0.080. Source: Crypto Tiger via X If the neckline is cleared with strong momentum, the measured move from this pattern points towards the $0.080 region. While confirmation is still pending, holding above $0.042 after a breakout would be key to validating the structure and opening the path toward the projected target. Smart Money Activity Adds Weight to PENGU’s Breakout Setup Fresh on-chain data from Stalkchain shows PENGU Pudgy Penguins leading smart money purchases over the past 24 hours, with more than $424K accumulated, significantly outpacing the next most-bought tokens. This type of buying activity, particularly when concentrated in a short period, often reflects conviction. This does align well with the ongoing cup and handle formation, adding a layer of confidence to the current bullish technical structure. PENGU tops smart money buy lists with $424K accumulated in 24 hours. Source:…
The post Pudgy Penguins (PENGU) Price Prediction: Cup and Handle Breakout Could Drive 40% Surge appeared on BitcoinEthereumNews.com.
Pudgy Penguins is pressing against a key breakout level, with smart money inflows and bullish chart patterns fueling hopes for a move towards $0.05–$0.06. In the meme coin arena, Pudgy Penguins is quickly moving from underdog to serious contender. Over the past 24 hours, it climbed to third place in trading volume, overtaking some long-standing names and sitting just behind Dogecoin and PEPE. Pudgy Penguins Tests Key Breakout Zone in Cup and Handle Formation Pudgy Penguins is pressing against a well-defined breakout zone as a textbook cup and handle pattern nears completion. The neckline around $0.042 has been tested multiple times over the past week, showing sellers are still defending the level but with gradually diminishing reaction strength. Structurally, the rounded base of the cup has been followed by a controlled handle pullback, which is a classical bullish pattern. Pudgy Penguins eyes a breakout from its cup and handle pattern, with the $0.042 neckline in focus for a potential rally toward $0.080. Source: Crypto Tiger via X If the neckline is cleared with strong momentum, the measured move from this pattern points towards the $0.080 region. While confirmation is still pending, holding above $0.042 after a breakout would be key to validating the structure and opening the path toward the projected target. Smart Money Activity Adds Weight to PENGU’s Breakout Setup Fresh on-chain data from Stalkchain shows PENGU Pudgy Penguins leading smart money purchases over the past 24 hours, with more than $424K accumulated, significantly outpacing the next most-bought tokens. This type of buying activity, particularly when concentrated in a short period, often reflects conviction. This does align well with the ongoing cup and handle formation, adding a layer of confidence to the current bullish technical structure. PENGU tops smart money buy lists with $424K accumulated in 24 hours. Source:…
What's Your Reaction?
