PENGU price target: Pudgy Penguins (PENGU) confirmed a bullish flag and is targeting $0.076, supported by rising open interest, ETF filing momentum, Asia expansion, strong toy sales and Pudgy Party downloads that together strengthen adoption and upside potential.
PENGU price target: Bullish flag targets $0.076; ETF filing and ecosystem growth boost momentum — read the latest analysis and trade implications.
What is PENGU’s price target after the recent breakout?
PENGU price target is set at $0.076 following a confirmed bullish-flag breakout. Analysts list intermediate targets at $0.046, $0.055 and $0.065, with support near $0.035 based on Fibonacci retracement and 12-hour chart structure.
How did technicals signal the breakout?
On the 12-hour chart, a falling channel breakout near $0.036 completed a bullish flag pattern, projecting stepped targets through $0.076. The token is holding above the 0.5 Fibonacci retracement at $0.035, signaling a favorable risk-to-reward for continuation trades.
$PENGU broke out of a bullish flag, targeting $0.076! With ETF filings under review, Asia expansion, millions of toy sales, and Pudgy Party on major app stores, the project shows heightened adoption and potential upside. pic.twitter.com/ZPlJNIfJH7
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At press time, PENGU traded at $0.03741, recording a 3.6% daily gain according to Coingecko. Market capitalization is reported at $2.35 billion with 24-hour trading volume near $466.7 million. Circulating supply stands at approximately 62.86 billion tokens, providing market liquidity for active flows.
CoinGlass data shows open interest rose by 23.39% to $461.98 million. Short liquidations totaled $583.86K versus $120.53K from longs, indicating sellers are being squeezed and buyers are strengthening positions. This imbalance commonly precedes accelerated upside in similar breakouts.
Pudgy Penguins are seeing multiple adoption signals: an ETF filing scheduled for early October, expansion into Asian markets, millions of retail toy units sold, and the Pudgy Party mobile game surpassing half a million downloads on Android and iOS. These real-economy touchpoints add utility and brand recognition beyond speculative trading.
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