Pudgy Penguins (PENGU) Price Prediction: Falling Wedge Breakout Targets $0.048 as Momentum Builds

PENGU is tightening near key resistance with bullish signals building, as participants eye a potential breakout above $0.036 toward the $0.048 zone.

PENGU is now flashing a cluster of bullish signals that could flip the script. Market watchers point to the falling wedge pattern, fresh RSI divergence, and a recent wave of whale inflows as signs that a bigger move may be just around the corner.

PENGU Approaches Breakout as Bullish Divergence Strengthens

PENGU is tightening up near a key inflection zone, with price action trading just below a downward-sloping trendline that has capped it for the last few hours. The 4H chart from Richie shows a strong compression pattern forming, lower highs converging into rising lows, hinting that volatility is about to return. What adds weight to this setup is the clear bullish divergence on the RSI: while price makes lower lows, momentum is steadily ticking higher, a classic signal that downside pressure is fading.

PENGU tightens within a falling wedge as RSI divergence hints at a potential breakout toward $0.048. Source: Richie via X

This divergence often acts as an early warning sign before sharp moves, especially when paired with a clean structure like this. If Pudgy Penguins manages to flip the descending trendline into support, the move could extend toward its previous high near $0.048. That would not only confirm the breakout but open the door for a full bullish continuation pattern to unfold.

Buy Signal Emerges as Pudgy Penguins Defends $0.0315 Support

Fresh from showing bullish divergence on the RSI, Pudgy Penguins is now clinging to a major support at $0.0315, right where volume profile activity is densest. This level has acted as a solid shelf in previous retracements, and the recent TD Sequential “9” candle now adds a new layer of interest, hinting at short-term exhaustion in the selloff.

PENGU defends the $0.0315 demand zone as a TD Sequential “9” buy signal flashes, hinting at a possible trend reversal. Source: Ali Martinez via X

If bulls can build momentum and clear $0.036, the path toward $0.044 becomes technically viable. This level aligns with the mid-range from July’s consolidation and would signal a structure shift.

Whale Accumulation Pushes PENGU Back Into Spotlight

Backed by the recent price structure and technical setups, PENGU has taken the lead in 24-hour whale inflows, logging over $3.76 million, nearly double that of the next closest asset. This data, shared by CryptoCurb, reinforces the growing interest behind the scenes as large wallets step in while price holds key structural zones. It comes right as the PENGU Pudgy Penguins price challenges the trendline breakout and shows bullish RSI divergence, adding further credibility to the narrative that buyers are positioning in advance.

PENGU tops whale inflow charts with $3.76M in 24 hours, signaling strong accumulation as key resistance levels come into play. Source: CryptoCurb via X

This level of inflow typically doesn’t happen in isolation. Combined with the TD Sequential buy signal and demand cluster near $0.0315, it creates a confluence that could trigger continuation if momentum builds. While short-term resistance remains at $0.036 and $0.044, the steady stream of capital from bigger players makes those levels increasingly breakable.

PENGU Price Prediction: Breakout Structure Targets $0.048+

PENGU’s market structure appears to be firming up as the chart shared by Syzygy outlines a clean breakout from a falling wedge pattern. The current setup shows PENGU is on the verge of flipping the wedge resistance into tentative support while aiming for the upper bound of its recent range. If price holds this breakout level, the stage could be set for a swift move back to the $0.044 to $0.048 region, the top of July’s consolidation and a zone previously defined as resistance.

PENGU breaks out of falling wedge with upside targets at $0.044–$0.048. Source: Syzygy via X

This comes just after confirmation signals from whale inflows and the TD Sequential indicator, reinforcing the idea that momentum is building from multiple fronts. The push through $0.036 would not only clear near-term resistance but also validate this wedge breakout as the start of a new leg up.

EMA Cluster Adds Volatility Risk to PENGU’s Breakout Setup

As Pudgy Penguins gears up for another potential breakout, the chart shared by Brownie shows price attempting to reclaim ground above a dense cluster of exponential moving averages (EMAs). The 50, 100, and 200 EMAs are now converging tightly overhead and below, creating a zone of both opportunity and risk. Breakouts through such EMA knots often come with sharp volatility spikes, either accelerating momentum or rejecting price with force.

PENGU tests a dense EMA cluster, with the 50, 100, and 200 EMAs converging, setting the stage for a volatile breakout. Source: Brownie via X

Final Thoughts: Will PENGU Manage a Breakout?

PENGU is showing all the early signs of a potential breakout, bullish RSI divergence, whale accumulation, TD Sequential signals, and now a potential breakout from a falling wedge. With price holding above the $0.0315 demand zone and eyeing key levels like $0.036 and $0.044, the setup looks increasingly constructive. The convergence of EMAs adds a layer of volatility risk, but also sets the stage for a sharp move if bulls take control.

Whether Pudgy Penguins can break through and sustain a move toward $0.048+ will depend on how it handles these upcoming resistance zones. Momentum is there, the structure is supportive, and large players seem to be stepping in early.