Pudgy Penguins (PENGU) Price Prediction: Wedge Breakout and Google Trends Flip Fuel $0.041 Target

PENGU is nearing a breakout after reclaiming key technical levels, with rising interest and volume hinting at a potential rally toward $0.041.

PENGU has just broken out of a falling wedge formation, a move that’s catching attention as participants eye the $0.041 resistance zone. With a reclaim of the 50 SMA on the 4-hour chart and volume ticking up, early signals suggest bulls might finally be stepping back in.

PENGU Falling Wedge Structure Approaches Breakout

PENGU is shaping up for a key technical moment as price action nears the end of a well-defined falling wedge formation. On the 4-hour chart, the descending trendlines are converging right at a historically strong support zone, hinting that a breakout could be closer than many think. These wedge structures typically signal trend reversals, and given how tightly PENGU is coiling, the pressure is building for a directional move.

PENGU coils tightly within a falling wedge, with support holding strong and eyes now on a potential breakout toward $0.047. Source: Satoshi Flipper via X

What adds weight to the setup is the clean test of support. While momentum has cooled off, the repeated respect of the yellow accumulation band signals buyers are quietly stepping in. If bulls can push past the upper wedge resistance, the next major test sits near the $0.0470 zone, a level that also aligns with prior rejection highs.

PENGU Reclaims 50 SMA on 4H Time-Frame

Following the potential breakout, PenguWhale shows that PENGU has now closed a 4-hour candle above the 50-period Simple Moving Average (SMA), a development that could signal the beginning of a short-term trend reversal. This is the first confirmed close above the 50 SMA since the broader correction started in late July. While this is not an explosive milestone in itself but it’s a technically clean trigger that tends to assist the overall price action.

PENGU reclaims the 50 SMA on the 4H chart for the first time since July, backed by rising volume and renewed bullish momentum. Source: PenguWhale via X

What makes this move more compelling is the uptick in volume that accompanied the reclaim. After days of declining trade activity, volume began ticking higher right as price cleared the 50 SMA barrier. That kind of response can be a sign that sidelined buyers are re-entering the market, especially if follow-through is seen above $0.038. A strong close above this could set the tone for continuation toward the $0.043 to $0.047 resistance band.

PENGU Outpacing Peers on Google Trends

While most eyes remain towards the technicals, Google Trends data quietly suggests that PENGU may be stealing the spotlight. Over the past 30 days, PENGU has overtaken SHIBA in global web search interest. A notable flip given SHIBA’s significantly larger $7.2B market cap versus PENGU’s $2.2B.

PENGU surpasses SHIBA in global Google search interest, signaling rising retail buzz just as bullish technicals take shape. Source: Scott via X

This shift in search interest adds another layer to the bullish structure forming on the charts. As PENGU reclaims its 50 SMA and breaks out from a falling wedge, the timing of this trend-driven narrative could amplify upside momentum. With strong technicals aligning alongside growing retail curiosity, PENGU may be positioning for its next breakout rally.

PENGU Maintains Structure as Open Interest Cools

While the broader market dealt with volatility, PENGU quietly held its ground, showing notable resilience even as BTC stumbled. The latest update from Byzantine General highlights a series of encouraging on-chain signals: a clean break of the short-term downtrend, negative funding rates, and no excessive leverage in open interest.

PENGU holds firm above key support with stable open interest and no over-leveraging. Source: Byzantine General via X

Technically, price front-ran the $0.03 support with a visible bounce, and open interest remains stable, suggesting no aggressive longs have entered just yet. This kind of positioning can create the right environment for a more organic move higher, especially if spot demand starts picking up. Compared to the earlier reclaim of the 50 SMA and the falling wedge setup, this update reinforces the idea that PENGU price prediction remains well-supported both technically and structurally.

PENGU Price Prediction Targets $0.041 as Price Breaks Descending Channel

The latest update from Ali Martinez shows PENGU finally breaking above a well-defined descending channel, a pattern that has contained price action since late July. This breakout comes with clean validation across multiple touches of both upper and lower bounds, reinforcing the integrity of the structure. With price now trading outside the channel and gradually lifting towards the mid-Fibonacci levels, the $0.041 target appears technically justified.

PENGU breaks above a multi-week descending channel, with Fibonacci targets pointing toward $0.041 as bullish momentum begins to build. Source: Ali Martinez via X

Zooming in, the Fibonacci extensions align closely with historical congestion zones, particularly around $0.0387 and $0.041. The upward tilt forming right after the breakout suggests that momentum could be shifting in favor of bulls, especially if PENGU manages to reclaim the $0.037 handle with conviction.

Final Thoughts: Can PENGU Keep the Momentum Going?

PENGU is showing signs of a genuine trend shift, with technicals aligning across multiple timeframes. From reclaiming the 50 SMA to breaking out of a falling wedge and holding firm on open interest, there’s a growing case for upside continuation. The $0.041 resistance zone now stands as the next key test, and if bulls can flip that level, a move towards $0.047 may come quicker than expected.

That said, this rally still needs follow-through. Spot demand must remain strong, especially with broader market volatility still in play.