Will PENGU continue to rise? | Credit: Hameem Sarwar
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Key Takeaways
PENGU has broken out of a long downtrend and is pressing key resistance at $0.010.
Bullish momentum remains intact as indicators strengthen, supporting a possible breakout.
The $0.0090 zone remains critical for trend continuation, as holding above support could sustain the rally
Pudgy Penguins has exited a prolonged downtrend, reaching its highest level in three months. The breakout suggests improving sentiment around the asset.
Still, such recoveries often face resistance. Sustained inflows could drive additional gains. However, weakening demand may expose the token to renewed downside pressure.
What’s next for PENGU’s price?
PENGU Targets Fresh Upside
PENGU is testing a critical breakout zone after an extended four-hour uptrend pushed the price to the edge of $0.010, a level now acting as a major supply barrier.
Buyers have maintained control, and momentum still favors continuation.
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The memecoin has printed higher lows and higher highs for weeks.
The latest impulsive rally drove the price into resistance after a steady accumulation phase around $0.0063, suggesting the move is structurally supported rather than purely speculative.
Momentum signals are strengthening on the 4-hour chart.
The Money Flow Index (MFI) has surged to 85.14, deep in overbought territory.
While that often raises short-term caution, it also reflects heavy capital rotation into the asset. In trending markets, overbought readings often confirm strength before reversal.
Meanwhile, the Awesome Oscillator (AO) remains in positive territory and is expanding upward again after a mild cooldown. That suggests bullish momentum is reaccelerating, not fading.
PENGU’s price just tagged resistance with a sharp wick and held near the highs, rather than collapsing.
That often points to consolidation beneath resistance, a pattern frequently seen before breakout attempts.
If PENGU’s price closes above $0.010, breakout confirmation could attract fresh momentum, traders
Momentum Mirrors Past Rally
Building on this short-term strength, the broader structure shows similarities to past market behavior.
Last April, the same setup triggered a three-month surge that nearly delivered a 10x move, outperforming most major memecoins and pushing prices back toward all-time highs.
“Shouldn’t be a surprise to anyone that PENGU is one of the leaders of the current rally. Fully expect to see a move similar to what we saw last April from here, except for this time when it reaches previous ATHs, I don’t expect it to stop.” Popular crypto trader Kaleo, noted.
A similar breakout has now formed again, signaling renewed buyer control and improving market structure. However, conditions are different this cycle, with faster liquidity rotation and weaker conviction across memecoins.
Still, strong brand recognition continues to support sentiment. Furthermore, PENGU’s price structure could remain bullish, but follow-through volume will determine whether it breaks highs or fades at resistance.
On-chain data further strengthens this outlook, with open interest surging by 15%, signaling rising speculative activity and fresh capital entering derivatives markets.
As shown below, the price climbed more than 8% in the latest session and is now trading near $0.0097, its strongest level in weeks.
Notably, buyers pushed the token above the descending trendline that had capped rallies since late 2025, suggesting a potential trend reversal is underway.
Meanwhile, the daily timeframe shows that momentum indicators are strengthening.
The Moving Average Convergence Divergence (MACD) remains in positive territory and continues to widen, reflecting growing buying pressure.
At the same time, the Relative Strength Index (RSI) has surged to 73, showing strong momentum but also warning that near-term conditions are overbought.
Therefore, some short-term cooling cannot be ruled out.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
