Pudgy Penguins strong Rebound of 14%: PENGU favored by Wall Street, technical patterns indicate a potential rise of 67%.

After several weeks of consolidation, the PENGU Token of Pudgy Penguins has rebounded strongly with a 14% rise, returning to the top of the daily Crypto Assets gainers list. Currently, the market capitalization of PENGU exceeds 2.4 billion USD, ranking in the top 50. This upward momentum is driven by multiple factors, including institutional exposure on Wall Street, successful viral marketing, and the launch of its mobile game. Additionally, the technical chart of the PENGU Token also shows a bullish pattern, with analysts predicting potential increases of 40% to 67%, challenging historical highs.

Wall Street Discovers Pudgy Penguins

After several weeks of consolidation, Pudgy Penguins has made a strong rebound with a dominant rise of up to 14%, reclaiming the top position on the daily crypto assets gainers list. Currently, the trading price of PENGU is $0.03836, with a market capitalization exceeding $2.4 billion, placing it among the top 50 crypto assets in the market.

Analysts are building their bullish case based on the institutional exposure and market technical indicators that the PENGU brand has been consistently gaining, aiming to break 40% and reach a new all-time high of over $0.06.

On September 17, the New York-listed company Bullish presented Pudgy Penguins and $PENGU to its high-net-worth investors during its second-quarter earnings report and conference call. The institutional exposure of the Pudgy Penguins series has recently been increasing the appeal of the PENGU Meme coin. NFT investors and Shards protocol investors noted that Pudgy Penguins is currently the only NFT/Meme coin project consistently recommended by Wall Street venture capital firms.

In June, this Solana-based Meme coin garnered Bitcoin-level attention, generating an average of 850 million internet interactions daily on platforms like Tenor and Giphy. Its viral expansion strategy also included Pudgy Penguins serving as the crypto mascot alongside VanEck during the Nasdaq opening bell ceremony. PENGU has also been adopted by Walmart, arcade game halls, ETF advertisements, games, and television shows.

At the end of August, PENGU announced that its mobile game Pudgy Party has launched globally on the App Store and Google Play Store. In less than 30 days, the game has recorded over 100,000 downloads with a rating of 4.1 stars, earning it Apple's "Our Favorite New Games" label on the App Store.

PENGU and Pudgy Penguins NFT have been included in the application documents for the Canary Capital ETF, which began in late March, introducing additional pump catalysts that may extend the appeal of the Token to traditional investment tools. Crypto Assets analysts revealed that PENGU has triggered a bullish rebound and is expected to resume its rise, targeting around $0.09, which is an increase of approximately 150% from the current price level.

Technical Analysis: PENGU Breakout Pattern, Target 67% rise to 0.065 USD

(Source: TradingView)

From a technical perspective, the PENGU/USDT chart reveals an Elliott Wave pattern, which completed a 5-wave pump structure from the initial low, followed by what appears to be a correction ABC pattern that bottomed out around $0.030 in September. The wave count suggests that this could be the start of the third wave in a larger bullish trend, which typically represents the strongest and longest movements in Elliott Wave theory.

The prediction line shows potential targets, with the most conservative target being around 0.051 dollars, representing about a 31% pump from the current level; while the more aggressive forecast extends to 0.058 dollars, providing approximately a 49% potential gain.

This bullish outlook is further supported by the clear bullish flag pattern formed after peaking at $0.046 in July. The flag structure typically indicates a continuation of the previous rising trend, and the measured target of this pattern predicts a rise to $0.065, representing about 67% potential upside from the current level.

The wave relationships and Fibonacci extension lines support these higher targets, especially considering that the third wave often extends to 1.618 times the length of the first wave, while the breakout of the triangular flag will provide additional confirmation for a bullish trajectory.

Conclusion

The strong rebound of Pudgy Penguins is not merely a speculative frenzy, but a result driven by solid fundamentals and strong technical signals. Through deep integration with Wall Street and successful cross-border marketing, Pudgy Penguins is transforming a digital cultural symbol into a brand with mainstream influence. The launch of the mobile game and the progress of the ETF application further solidify its position as a unique project in the crypto space. The ability of PENGU to form such a clear bullish pattern on technical charts reflects the market's strong confidence in its future growth potential.