Pudgy Penguins (PENGU) Price Prediction: Cup and Handle Formation Eyes Breakout Above $2B Zone Towards Multi-Billion Market Cap

Pudgy Penguins holds firm above key support as market watchers eye a breakout past $0.037 that could trigger its next major rally.

Pudgy Penguins is once again showing signs of a major price breakout ahead. After the last few days of struggling activity, PENGU is showing strength at key support levels, and market watchers suggest momentum is quietly building.

Ali Martinez Goes Bullish on Pudgy Penguins

Pudgy Penguins has been a front runner in memecoins, and now it’s starting to bring fresh innovations to the crypto field. The launch of Pudgy Party, a mobile game now live on both the Apple App Store and Google Play, marks a major step in expanding the project’s reach beyond NFTs. Famous crypto analyst Ali Martinez claims to be doubling down on his bullish stance for PENGU.

Ali Martinez doubles down on his bullish outlook after the Pudgy Party game launch. Source: Ali Martinez via X

Cup and Handle Formation Bring Bullish Hopes

Following the hype around Pudgy Party’s launch, PENGU Pudgy Penguins is now catching attention on the charts with a classic cup and handle formation taking shape. This bullish continuation pattern often signals the potential for a strong upside move once the handle completes and resistance breaks. Market structure shows that after consolidating around the $1.8B market cap zone, PENGU has built a solid base that could fuel the next wave higher if buying pressure continues to stack up.

PENGU forms a bullish cup and handle pattern, with price eyeing a breakout towards a $6B market cap in 2025. Source: Whale.Guru via X

Analyst Whale.Guru has pointed to this setup, suggesting that PENGU’s next major target could be a $6B market cap in 2025. Technically, the breakout zone lies around the $2B level, and clearing this would open the path toward higher valuations.

PENGU Consolidates Before the Next Move

PENGU is showing resilience around the $0.03 level, with price holding steady despite recent volatility. This consolidation zone has become an important base, as Pudgy Penguins repeatedly defend the $0.028 to $0.029 range.

Price holds steady near $0.03 as analyst notes smart money accumulation. Source: Olking via X

On the 1H chart, both the 7-day and 30-day moving averages are aligning closely under price, a sign that short-term momentum is slowly turning in favor of buyers. Holding above these averages could give PENGU the fuel it needs to test higher levels in the near term.

The real level to watch is the $0.037 resistance, which has capped rallies in recent weeks. A clean breakout above it would confirm a shift in momentum, potentially opening the door to $0.04 and beyond. Analyst Olking notes that “smart money” appears to be accumulating here, which fits the narrative of strong hands preparing for the next leg up. As long as the $0.028 floor holds, Pudgy Penguins Price Prediction remains bullish.

Short-Term Resistance Levels to Watch for PENGU

PENGU Pudgy Penguins price has been consolidating tightly after its mobile game launch hype, and the charts are starting to show a battle between bulls and bears. The token has defended the $0.028 to $0.030 zone multiple times, but a clear descending trendline still hovers above, acting as resistance. Breaking through this line with volume would be a strong signal, while failure could trigger another quick dip before any sustained upside.

Pudgy Penguins faces short-term resistance at $0.037, with analysts warning of possible manipulation before a breakout towards $0.045. Source: SwissTrader via X

Analyst SwissTrader notes that a potential “manipulation move” could occur before the price expands higher, which makes sense given the current wedge formation. Technically, holding above $0.028 keeps the structure intact, but upside momentum will only be confirmed once $0.037 is broken. If that level clears, Pudgy Penguins Price Prediction points towards a measured move near $0.045.

Final Thoughts: Bullish Scenario or Bearish Outlook?

Pudgy Penguins finds itself at a critical turning point where both bulls and bears are watching closely. On the bullish side, consolidation above $0.028 and repeated defenses of key support suggest strong hands are quietly accumulating. Breakouts above $0.037 could flip momentum decisively, with price action opening the door towards $0.04 to $0.045 in a short span. Combined with growing community momentum and the added push from the Pudgy Party game launch, the setup gives traders reasons to stay optimistic.

On the bearish side, failure to clear resistance could leave PENGU stuck in its wedge formation, forcing another round of pullbacks before any sustainable upside. If $0.028 gives way, short-term sentiment may drop, bringing pressure back into the lower ranges.