Pudgy Penguins (PENGU) Price Prediction: Approaching a Key Breakout Zone, Confirm a Close Above 0.045 USD to Get on Board

Pudgy Penguins (PENGU) has surged nearly 10 times from a low of about $0.0037, attracting the interest of traders, with a current price of $0.0303 reported in the Asian afternoon session today (17th). Analysts state that PENGU is approaching a key breakout zone, but it is safer to get on board again after confirming a close at $0.045.

PENGU token has surged significantly from the bottom, indicating that the window for "get on board" may have closed. The current focus is on the possibility of breaking through the range of $0.042 to $0.045. If the PENGU price closes above that level with strong trading volume, it may trigger a new round of rebound.

PENGU Price Analysis: Breakout Strategy Becomes Main Choice

Captain Altcoin quoted traders as saying not to rush to get on board at the current price. If there is no confirmed breakout, the risk of a significant drop remains very high, possibly up to 90%.

Traders say that a safer approach is to wait for a clear breakout and confirm that the closing price is above 0.045 USD before getting on board.

The resistance zone has been suppressing the PENGU price for a while, and before breaking through this resistance zone, the price trend could develop in any direction.

The current pattern still looks strong, but confirmation is key. A breakout above the resistance level may turn into a support level and trigger the next round of a pump.

(Source: Gate)

PENGU performs strongly, but patience is required

The PENGU chart shows a stable upward trend, with the PENGU price repeatedly hitting the same resistance level. So far, the bulls have not broken through that resistance level.

Nevertheless, the structure remains intact, and the trading volume has started to recover. The creator urges the audience to be patient. He suggests that instead of speculating, it is better to wait for a breakout to show its true strength. At that point, the momentum could truly take off.

Can PENGU reach 1 dollar?

The market cap of PENGU is approximately 19 million USD, currently ranking 47th among meme coins, just behind top coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE.

But if the bullish scenario is realized, the creators indicate that during this cycle, the price could reach 1 dollar.