Pudgy Penguins (PENGU) Price Prediction: Bulls Eye $0.042 Resistance Before Targeting $0.10

Pudgy Penguins is consolidating above key support levels, with participants eyeing a potential breakout towards fresh highs.

After surging more than 160% in the past three months, Pudgy Penguins has managed to outpace nearly every major altcoin in the market. At the same time, technical setups are aligning with further bullish narratives.

Pudgy Penguins Extends Its Lead

Momentum for Pudgy Penguins continues to build, with Moon_Boy_Ranger pointing out that PENGU has outpaced nearly every major altcoin over the past 90 days, recording an impressive 162% gain. This outperformance puts it ahead of established names like OKB, AERO, and even Ethereum. The data reinforces how PENGU has moved from being just a memecoin narrative to positioning itself as a frontrunner in market performance.

Pudgy Penguins outpaces Ethereum, OKB, and AERO with a 162% surge over the past 90 days. Source: Moon_Boy_Ranger via X

Pudgy Penguins’ Cup-and-Handle Still in Play

Pudgy Penguins is currently shaping up inside a well-defined cup-and-handle formation, a bullish continuation pattern that often leads to major upside moves. The market cap structure shows the breakout zone forming around the $2 billion level, which has now flipped into a strong support base. This reclaim is significant since volume expansion during the breakout and contraction during the retracement both fit the classic handle formation, suggesting that the consolidation phase is corrective rather than trend-ending. Holding above the $2.00B mcap zone gives bulls a structural advantage moving forward.

Pudgy Penguins forms a classic cup-and-handle pattern, holding the $2B market cap support as bulls eye a breakout. Source: brvdy.eth via X

According to brvdy.eth, the broader market could stage a rally in the coming weeks, with a potential September pullback before the final push in Q4. This timeline would give PENGU room to complete its pattern targets.

If the market aligns with this projection, Pudgy Penguins could be one of the first assets to accelerate, leveraging both the technical structure and its growing narrative momentum.

Accumulation Base Sets the Stage for Next Move

Pudgy Penguins has entered another accumulation phase, mirroring the sideways basing pattern seen earlier this summer. The chart shows a tight consolidation range developing just above the $0.028 to $0.030 zone, where repeated retests have so far held as support. This structure resembles a classic re-accumulation channel, which often precedes a renewed leg higher once momentum returns. As long as price holds above this base, the setup favors continuation rather than reversal.

PENGU consolidates above the $0.028–$0.030 base, with analysts eyeing a potential breakout toward $0.08–$0.10. Source: Ali Martinez via X

Crypto analyst, Ali Martinez, believes, if this accumulation plays out as it is, then the potential breakout sequence could push PENGU towards the $0.08 to $0.10 region.

Combined with broader catalysts like ETF filings and Asian market expansion, this technical structure strengthens the bullish case. For now, the PENGU price prediction remains tilted toward further upside, provided the consolidation base continues to hold.

Smart Money Accumulation Strengthens PENGU’s Case

Fresh data from PENGU Pump highlights that Pudgy Penguins is attracting strong interest from “smart money,” ranking among the top two most bought tokens in the past three days. The accumulation has clustered heavily around the $0.033 level, suggesting whales and institutional-style buyers are building positions at this base. Historically, when heavy buying coincides with technical support zones, it reinforces market conviction and reduces downside risk, setting the stage for a more sustainable rally.

Pudgy Penguins sees heavy smart money accumulation around $0.033, signaling strong conviction for a potential breakout. Source: PENGU Pump via X

If this pattern continues, PENGU could be preparing for a decisive breakout. The accumulation base aligns with previous structural supports and ongoing narratives. With momentum consolidating at current levels, the next technical target points toward the $0.08 to $0.10 range, where a new ATH could be established.

Pudgy Penguins’ Technical Outlook

Pudgy Penguins is sitting on a key support level where both price action and RSI are lining up, making this zone a critical decision point. The chart shows that PENGU has defended the $0.031 area multiple times, with liquidity building below this recent low. A potential liquidity sweep could trigger a sharp reversal to the upside, a classic setup often seen when buyers step in after shaking out weak hands. The RSI structure also supports this case, as it is nearing oversold conditions.

PENGU defends the $0.031 support with RSI nearing oversold, as analysts eye a rebound toward $0.038–$0.042. Source: Richie via X

If this support continues to hold, crypto analyst Richie highlights that price could rebound toward the $0.038 level as the first upside objective. Beyond that, a stronger continuation move could target the $0.040 to $0.042 range, where previous supply zones converge with mid-term resistance.

Final Thoughts

Pudgy Penguins continues to stand out as one of the few projects blending strong technical setups with a growing sentiment. The consistent defense of support levels, combined with accumulation from larger buyers, shows that strength is still holding.

If the current structure holds, the next breakout could target $0.038 first, before opening the door to the $0.040 to $0.042 supply zone. A decisive push above these levels would shift momentum sharply higher, putting the $0.08 to $0.10 range on the table.