Pudgy Penguins (PENGU) Price Prediction: Consolidation Above Key Support Signals 25% Upside Potential

Pudgy Penguins is holding above key support, with the market watching closely for a breakout towards the $0.043 range high.

Pudgy Penguins PENGU is holding steady above the crucial $0.03 support zone. This level has become a strong base for price action, giving bulls a solid footing as they eye a potential push towards the $0.043 range high.

Pudgy Penguins’ current price is $0.03394, down -8.66% in the last 24 hours. Source: Brave New Coin

Pudgy Penguins Extends Lead in Memecoin Spotlight

In a memecoin market full of quick hype cycles, Pudgy Penguins has managed to carve out a unique and lasting presence. Crypto analyst Agents believes that over the past four years, the brand has steadily expanded beyond the crypto sphere, building a level of recognition and cultural relevance few in the space can match. That long-term groundwork now appears to be paying off, with PENGU emerging as a frontrunner in the current memecoin narrative, attracting consistent attention from both retail traders and broader audiences.

With retail FOMO yet to fully kick in, the stage could be set for a new wave of participation once the right catalyst hits. PENGU’s combination of strong brand positioning and accelerating exposure gives it the ability to maintain market leadership while others fight for short-term gains. The charts are showing signs of this momentum translating into a potential technical breakout.

Pudgy Penguins Market Cap Signals Room for Expansion

PENGU’s current $2B market cap paints a picture of untapped potential when stacked against its growing dominance in the memecoin arena. For a project with four years of brand building and mainstream recognition, this valuation sits well below what many expect it could reach in a full market cycle.

Pudgy Penguins consolidates above key supports, eyeing a potential market cap expansion toward $5B–$10B this cycle. Source: Fyre via X

On the technical side, the chart shows a healthy consolidation phase following the last push, holding well above key historical support levels. If momentum returns, and PENGU finds acceptance above $2.80B to $3.00B cap, it could act as a springboard for a larger move. From a broader market perspective, a $5B to $10B market cap target this cycle doesn’t look far-fetched, especially if retail FOMO aligns with memecoin sector strength.

PENGU Lining Up to Target Key Liquidity Zones

After bouncing from the swing golden pocket, PENGU is showing some controlled bullish push. Liquidity clusters pointed by crypto analyst Richie can be seen both at $0.04167 and $0.04800, representing short-side stop zones that bulls may aim to target. The structure suggests that each liquidity sweep could act as a stepping stone for continuation, forcing shorts to cover and fueling further upside pressure.

Pudgy Penguins targets key liquidity zones at $0.04167 and $0.04800, with bulls eyeing a push towards the mid-$0.05 range. Source: Richie via X

If this path plays out, a clean break above the $0.04800 zone could accelerate price towards the mid-$0.05 range, where the next significant liquidity pool resides. Market behavior around these levels will be critical, either confirming a sustained trend or setting up a deeper retest.

Pudgy Penguins Price Analysis

Pudgy Penguins continues to hold firm above the $0.03 support zone, a level that has acted as a reliable base for recent price action. Analyst Lennaert Snyder notes that maintaining this floor keeps bullish momentum intact, with the $0.043 range high being the next immediate target. The chart also leaves room for a brief liquidity dip before pushing higher, which could shake out weak hands and provide better positioning for buyers.

Pudgy Penguins holds steady above $0.03 support, with $0.043 as the next key breakout target. Source: Lennaert Snyder via X

If $0.043 is cleared, it opens the door to potential price rally, with little historical resistance overhead. This makes the current setup a pivotal moment, either confirming the start of a new impulsive leg or stalling for another consolidation phase.

Pudgy Penguins Market Cap Poll Highlights Mixed Sentiment

A recent community poll asking whether PENGU’s market cap could push above $2.5B by mid-August revealed a split in sentiment, with 64% voting “No” and 36% leaning bullish. While the project’s brand strength and growing visibility in the memecoin sector keep the long-term narrative intact, the market appears cautious about short-term acceleration.

Community poll shows 64% doubt PENGU will surpass a $2.5B market cap by mid-August, reflecting cautious short-term sentiment. Source: Saucci via X

This mixed sentiment could have arisen from the recent directionless trend. From a technical standpoint, such sentiment divides often emerge near key decision zones. If PENGU can maintain current support levels and build volume into the next breakout attempt, market confidence may shift quickly.

Final Thoughts: Bullish Scenario or Bearish Outlook?

Pudgy Penguins sits at an interesting crossroads. On one side, the project’s strong brand equity, four years of groundwork, and clear liquidity targets give it a roadmap for potential upside. Holding above the $0.03 base and eyeing $0.043 as the next breakout level keeps the bullish case alive, especially if retail momentum picks up in sync with sector-wide strength. A decisive push beyond the $0.048 mark could set the stage for a run into the mid-$0.05 range and possibly ignite a larger market cap expansion towards the $5B–$10B bracket this cycle.

On the flip side, the mixed community sentiment and recent sideways action can’t be ignored. Failure to clear near-term resistance zones could trigger deeper consolidation or a pullback toward key supports, testing the patience of holders before pushing for the major breakout.