PENGU Eyes $1.00+ After Breaking Long-Term Downtrend and Massive Gains

Key Insights:

• PENGU breaks long-term downtrend, gaining 936% since April, setting the stage for future surges.
• Crypto analyst Kaleo forecasts $1.00+ target for $PENGU, calling current levels “free” for buying.
• Trader sentiment remains overwhelmingly bullish, with $6.48 million in long positions dominating market sentiment.

Pudgy Penguins ($PENGU) has recently seen notable movement, gaining 8.2% and pushing the price to $0.03388. The coin is now targeting even higher levels, with traders predicting a potential rally to $ 1.00 or higher after breaking out of its long-term downtrend.

Breakout from Long-Term Downtrend

PENGU’s price has shown considerable improvement since breaking out of a long-term downtrend in April. The token has managed to reverse its previous bearish trend and gain momentum. This shift is viewed as a sign of growth and potential for further upward movement. The price increase started in April, and since then, the token has gained nearly 936%.

The breakout from the downtrend has been followed by a period of consolidation. This pattern is often regarded as a precursor to the next stage of upward movement. As the token stabilizes, experts suggest that $PENGU could be preparing for another surge. 

The Bull Flag Pattern and Future Expectations

Crypto analyst CryptoKaleo has projected that $PENGU remains undervalued under its previous all-time high, calling it “free” at current levels. According to Kaleo, a price target above $1.00 is highly probable, with the token potentially seeing significant upward momentum. His chart analysis shows a consistent bullish trend since early 2025, with resistance points around $0.17 and a potential market cap push toward $10 billion.

As of press time, $PENGU was trading at $0.030, with a 24-hour trading volume of over $435 million. Despite a recent 8.48% drop in the last 24 hours, the overall trend remains positive. With the previous gains and the current chart setup, traders are anticipating that the token may soon reach higher levels.

Trader Sentiment and Market Performance

However, data from CoinGlass reveals that traders are holding significant long positions on PENGU. The data shows $6.48 million worth of long positions compared to just $1.35 million in short positions. This indicates a dominant bullish sentiment among market participants. Traders are watching closely for any movements above the $0.03182 support level.

Traders are confident that PENGU will maintain its momentum above $0.03182, which is essential for maintaining a bullish outlook. The token has proven its ability to recover from downturns, and many believe it could continue to rise as the market remains favorable. While the token has faced some fluctuations, traders remain optimistic about its long-term potential.