After a period of slow movement, Pudgy Penguins (PENGU) token broke out of a consolidation pattern, hinting at renewed momentum. How high could PENGU price could go from here.
Pudgy Penguins price spent much of August in a sideways range. Since then it started forming a pattern called a bullish flag. A bullish flag usually appears after a sharp rise, followed by a short period of consolidation. It often signals the trend will continue once the price breaks above the upper boundary of the flag.
Ali, a market analyst, tweeted a key observation about PENGU price: “Successful bullish retest! Now $PENGU has resumed the rally to $0.090.” This suggests the token successfully tested support after its breakout, a healthy sign that the upward momentum is intact.
The chart shows a clear pattern. A previous spike led PENGU price to near $0.080. After that, it moved sideways, creating the flag. Breaking above the flag indicates buyers are stepping back in. Historically, such moves can lead to a swift continuation of the rally, especially when volume increases.
Pudgy Penguins has a dedicated following, and while hype is not a reliable indicator, interest tends to rise when clear patterns like bullish flags emerge. The combination of a breakout and positive momentum often attracts attention from traders looking for short-term opportunities.
What the Chart Suggests About the Next PENGU Price Target
The breakout above the bullish flag opens the possibility for PENGU price to test higher levels. Analysts often measure the flagpole—the height of the initial rise before the consolidation—to estimate potential targets. For PENGU, this could point toward levels above $0.090 if the momentum continues.
Ali also noted that maintaining the recent support level is critical. A pullback to retest previous support would not be unusual and could offer a cleaner entry point for buyers. Watching these levels helps understand whether the rally has strength or if it could slow down.
Pudgy Penguins rally shows that even after a slow consolidation period, tokens can regain momentum and offer fresh movement. Observing the breakout and testing of support levels provides clues about how high PENGU price could go. While exact targets are uncertain, the current chart setup gives a sense of direction.
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Watching the next few sessions for PENGU will reveal whether the rally maintains its strength. Investors and analysts will likely continue monitoring support, resistance, and volume to see if this token can keep its upward momentum alive.
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