Pudgy Penguin (PENGU) Price Nears Key Breakout Zone – What Happens Next with PENGU Could Be Huge
PENGU, a rising meme coin, has grabbed traders’ interests after climbing nearly 10x from its lows around $0.0037.
In a recent YouTube video, the token’s creator broke down the current setup and shared two main strategies for those looking to enter, though only one still makes sense right now.
According to the video, the token has already made its big move from the bottom. That means the “buy the dip” window has likely closed.
Instead, the focus now is on a possible breakout above the $0.042–$0.045 zone. If PENGU price closes above that level with strong volume, it could be the start of a new rally.
What you'll learn 👉
Breakout Strategy Becomes the Main Option for PENGU
The trader made it clear: don’t rush in at the current price. Without a confirmed breakout, the risk of a sharp drop remains high, possibly as much as 90%.
The safer approach, he says, is to wait for a clean breakout and confirmed close above $0.045 before jumping in.
That resistance zone has held PENGU price back for a while now, and until it breaks, things could go either way.
The setup still looks strong, but confirmation is key. A breakout could flip that resistance into support and spark the next leg up.
Strong PENGU Chart, but Patience Needed
The PENGU chart shows a steady uptrend, with PENGU price knocking on the same resistance level more than once. So far, bulls haven’t been able to push through it.
Still, the structure remains intact, and volume is starting to pick up. The creator urged viewers to stay patient. Instead of guessing, he recommends waiting for that breakout to show real strength. That’s when momentum could really take off.
Can PENGU Hit $1?
With a market cap of around $1.9 billion, PENGU currently ranks 47th among meme coins. It sits behind top names like Dogecoin, Shiba Inu, and Pepe.
But if the bullish scenario plays out, the creator says $1 could be on the table during this cycle.
He wrapped up the video by inviting viewers to share their own predictions and check out his VIP group, where he shares two trade setups a day.
Read Also: Here’s Why Pudgy Penguins (PENGU) Price Is Pumping
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