The price of Pudgy Penguins (PENGU) is drawing attention after crypto analyst Ali identified a significant technical breakout that could set the stage for a major rally.
According to his chart analysis, PENGU has broken through a key resistance level and may now be headed toward the $0.044 mark — nearly triple its current price of $0.01587.
As of July 6, 2025, PENGU has a market cap just shy of $1 billion and has seen a weekly gain of nearly 20%, despite a slight dip of 1.31% over the last 24 hours. The asset is also experiencing strong trading activity, with a 24-hour volume of over $234 million.
Ali’s chart shows the asset forming a classic ascending triangle pattern, with the breakout point around $0.0155. This bullish structure typically suggests increasing upward pressure and a potential surge once resistance is breached.
Key Support and Resistance Levels:
- Immediate support: Around $0.01330 (previous trendline support)
- Current resistance: Around $0.017 (minor resistance post-breakout)
- Major target: $0.044 (projected breakout target)
With momentum building and strong technical signals, PENGU may be positioned for a notable rally, provided it holds above support and volume remains elevated.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/pudgy-penguins-pengu-breaks-out-as-analysts-eye-major-upside-potential/