Pudgy Penguins (PENGU) is drawing attention across both technical charts and on-chain data. Crypto analyst Ali Martinez outlined several signals suggesting the token may be preparing for a move. The current price stands at $0.022 at press time, reflecting a 5% gain over the last 24 hours. Trading volume reached $223 million during the same period.
While the token saw a small dip over the past week, broader activity around the asset shows signs of renewed momentum.
Technical Setup Points to Breakout Zone
The chart shows PENGU forming a cup-and-handle pattern—commonly seen ahead of upward price moves. The base support around $0.0174 has held firm, and the price has been slowly climbing from that area. A key resistance level sits at $0.045. If the asset moves beyond this level, it could open the way for targets near $0.08, $0.114, and possibly $0.185, based on past Fibonacci-based projections.
Analyst Ali Martinez noted that “everything lines up for a new bull rally,” referring to t
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