Analysts Say Pudgy Penguins (PENGU) Price Is Headed for a Rally – Here’s What the Chart Shows
PENGU is gaining traders’ interests again after analysts spotted a chart setup that looks ready for another big move.
PENGU price is trading around $0.03304, consolidating after a massive 936% run earlier this year. Two popular analysts on X (formerly Twitter), Nekoz Tek and PatrickH, believe the price action is hinting at a possible breakout soon.
What you'll learn 👉
Analysts See Signs of a PENGU Breakout
In his post, Nekoz Tek told followers to “pay attention,” explaining that PENGU had already broken a long downtrend back in April and launched into a strong ninefold rally. Since then, the chart has been shaping a bull flag, a pattern that usually appears before another leg higher.
Okay, pay attention. We're tracking $PENGU.
— NekoZ (@NekozTek) October 5, 2025
This chart is primed for a breakout.
Braked out a long-term downtrend in April.
Already gained 936%.
Now consolidating in a strong bull flag.
The next leg up is going to be explosive. This is how you can spot early moves. Don't say… pic.twitter.com/0dBxRhnRoK
Echoing the sentiment, PatrickH wrote, “The penguin might be ready to fly again,” indicating that the token could be close to breaking out of its current range.
Both analysts point to the same structure: a falling wedge pattern where volatility keeps tightening, often a sign that a big move is around the corner.
What the PENGU Chart Is Telling Traders
The PENGU chart shows that the token has built strong support around $0.030, a price zone that buyers have defended several times.
The PENGU price is now sitting slightly above that level, hovering near $0.033, after bouncing off the wedge’s lower boundary.
If PENGU is able to close persuasively over $0.035–$0.036, momentum is likely to pick up speed rapidly. The next resistance zones are at $0.050, $0.070, and the psychological zone of $0.10.
Those ranges are based on past highs and Fibonacci retracement levels, which give traders a clear guide for possible profits.
What to Watch Next
For now, the key level to hold is still $0.030. A drop below that line could weaken the bullish setup and push the PENGU price back toward the mid-$0.02 range.
But if the base holds and volume rises on the breakout, it could confirm the start of PENGU’s next rally.
As both analysts hinted, the penguin might indeed be ready to fly, but the breakout confirmation will tell the real story.
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