PENGU is consolidating near support, with participants eyeing a potential breakout that could drive prices towards the $0.10 mark.
After a healthy correction phase, market watchers suggest that PENGU could be gearing up for a strong recovery leg. With the current structure resembling a cup-and-handle setup, a decisive push higher may unlock targets well above recent ranges.
PENGU Cup and Handle Pattern Setting Up for Breakout
PENGU had a slower month of August as price was carving out a falling wedge, forming the early stages of a potential cup-and-handle structure. The setup shared by Jesse Peralta highlights how this pattern could develop if buyers maintain control. The neckline around $0.045 to $0.046 remains a key level, one that previously rejected rallies multiple times. For now, this level is still ahead, but if price works its way back there, it would confirm a major breakout.
Pudgy Penguins PENGU forms an early cup-and-handle setup, with a breakout target projected near $0.060. Source: Jesse Peralta via X
At present, PENGU Pudgy Penguins price trades closer to $0.028, which means the white lines on the chart are a projection of what could unfold if the cup-and-handle completes. Technically, the breakout target sits near $0.060, but the price would first need to reclaim mid-range resistances and prove sustained momentum.
PENGU vs DOGE: A Narrative Building
Following the developing cup-and-handle structure, sentiment around PENGU continues to build. Fuelkek’s post highlights an ambitious comparison: the idea of Pudgy Penguins flipping Dogecoin in the future. While it’s more of a bold projection than a technical call, it reflects the growing confidence in PENGU’s community-driven momentum and its ability to carve out space among top memecoins.
Pudgy Penguins’ current price is $0.02919, up 2.32% in the last 24 hours. Source: Brave New Coin
From a technical standpoint, PENGU still has work to do at current levels around $0.028, but the narrative itself is powerful. If price action continues to climb toward the neckline zone and breaks past it, the hype around “flipping DOGE” could further accelerate.
Pudgy Penguins Price Projection if Market Cap Matches DOGE
The conversation around PENGU vs DOGE gained another layer with nobi’s projections showing what happens if Pudgy Penguins matches Dogecoin’s current market cap. At its present price of roughly $0.029 and a market cap of $1.84B, the math suggests PENGU could trade around $0.52, nearly 18x higher, if it were to reach DOGE’s $32.7B valuation.
PENGU could climb to $0.52 if its market cap matches Dogecoin’s $32.7B valuation, according to nobi’s projections. Source: nobi via X
From Correction to Recovery: Pudgy Penguins’ Next Step
Crypto analyst CRG’s draws attention to an interesting detail: the last major correction for Pudgy Penguins lasted 39 days from peak to bottom, while the most recent one has stretched to 40 days. When patterns repeat in both duration and shape, it often signals that the asset is respecting cyclical flows, giving participants more confidence in identifying turning points.
PENGU has repeated a 40-day correction cycle, hinting at a potential bottom and paving the way for a recovery phase. Source: CRG via X
If this latest 40-day stretch does mark the bottom, the parallel with the previous cycle could add weight to the idea of another recovery phase unfolding. For now, PENGU Pudgy Penguins still sits in the early stages of confirming its move higher, but the consistency in consolidation timing adds another layer to the broader bullish narrative.
PENGU Pudgy Penguins Price Targeting $0.10 Post Correction
Building on the earlier cup-and-handle setup and the comparisons with DOGE, PENGU’s current structure is showing signs of a healthy reset. Ali Charts highlights how this correction mirrors the one from Q2, with price settling near the $0.025 zone, now marked as his buy area. Much like the previous consolidation phases, this pullback hasn’t broken key supports, suggesting it’s more of a controlled cooldown than a breakdown.
Pudgy Penguins PENGU is consolidating near $0.025, with Ali Charts eyeing $0.10 as the next breakout target post-correction. Source: Ali Charts via X
If momentum carries forward from here, the chart points towards $0.10 as the next logical target. That move would represent not only a recovery from the correction but also a fresh expansion leg, consistent with how PENGU has cycled in recent months.
Final Thoughts
PENGU has shown that even in the middle of corrections, its structure has remained disciplined and consistent. The recent 40-day reset is a reminder that cycles repeat, and when combined with the earlier cup-and-handle setup, the technical picture looks constructive rather than broken.
Whether it’s the bold comparison to Dogecoin or the steady buildup of support near $0.025, PENGU’s price action is keeping traders attentive to the next decisive move. Looking ahead, the $0.10 target becomes more realistic if buyers maintain control over mid-range resistances and continue absorbing selling pressure.