Pugdy Penguins’ rally this year has already been impressive, but it may still have more room to run. Since April, PENGU price has surged by more than 800%.
According to analyst Ali, the current market structure suggests that this run might not be finished yet. His latest chart shows the PENGU meme coin trading inside a formation that looks like a bullish flag, a pattern that often precedes another sharp move higher.
What you'll learn 👉
Chart Signals PENGU Breakout Could Be Near
Ali’s chart outlines a consolidation phase after PENGU’s huge spike earlier in the cycle. The token’s price has been moving within converging trendlines, forming a triangular flag shape. This kind of setup can act as a springboard for the next rally if buyers regain control.
In his view, the breakout could send PENGU to new highs. Based on Fibonacci extension levels in the chart, potential upside targets stretch toward $0.055, $0.066, and even above $0.07 if momentum builds strongly. The market is now watching closely to see if the bullish flag resolves upward.
The next $PENGU breakout could be massive! This setup is building fast with strong fundamentals:
— Ali (@ali_charts) August 13, 2025
– Pending ETF filing backed by CBOE
– SEC review in progress
– Expanding rapidly in Asia pic.twitter.com/r4JLrySad2
PENGU ETF Proposal Brings Fresh Interest
Ali also pointed out that the chart is not the only reason to be optimistic about the PENGU meme coin. He highlighted a pending ETF proposal that could change how the market sees this project. Canary Capital has filed with CBOE for what would be the first investment product to combine a meme coin and NFTs.
Under the plan, the fund would allocate 80 to 95% to PENGU and 5 to 15% to Pudgy Penguin NFTs. A small portion would remain in crypto for transaction purposes. This unique mix could open the door for traditional investors to gain exposure to both the token and its NFT ecosystem in one package.
SEC Review and Expanding Asian Market
The SEC’s acknowledgment of the ETF filing has already had a visible impact. Following the news, the PENGU price jumped 30 percent in a day, trading volume topped $1 billion in 24 hours, and open interest climbed 52 percent to $278 million.
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At the same time, the project is pushing deeper into Asia. Major exchange listings on platforms like Upbit and Bithumb have boosted accessibility, while partnerships with Suplay Inc. are helping create branded merchandise. Integration with local fintech platforms and adoption within NFT and gaming circles are also strengthening the token’s position.
With a bullish chart setup, a pioneering ETF proposal under SEC review, and growing traction in Asia, the PENGU meme coin may not be done surprising the market yet.
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