Analysts Say Pudgy Penguins (PENGU) Price Is Headed for a Rally – Here’s What the Chart Shows

PENGU is gaining traders’ interests again after analysts spotted a chart setup that looks ready for another big move

PENGU price is trading around $0.03304, consolidating after a massive 936% run earlier this year. Two popular analysts on X (formerly Twitter), Nekoz Tek and PatrickH, believe the price action is hinting at a possible breakout soon.

Analysts See Signs of a PENGU Breakout

In his post, Nekoz Tek told followers to “pay attention,” explaining that PENGU had already broken a long downtrend back in April and launched into a strong ninefold rally. Since then, the chart has been shaping a bull flag, a pattern that usually appears before another leg higher.

Okay, pay attention. We're tracking $PENGU.This chart is primed for a breakout.Braked out a long-term downtrend in April.Already gained 936%.Now consolidating in a strong bull flag.The next leg up is going to be explosive. This is how you can spot early moves. Don't say… pic.twitter.com/0dBxRhnRoK

— NekoZ (@NekozTek) October 5, 2025

Echoing the sentiment, PatrickH wrote, “The penguin might be ready to fly again,” indicating that the token could be close to breaking out of its current range

Both analysts point to the same structure: a falling wedge pattern where volatility keeps tightening, often a sign that a big move is around the corner.

What the PENGU Chart Is Telling Traders

The PENGU chart shows that the token has built strong support around $0.030, a price zone that buyers have defended several times

The PENGU price is now sitting slightly above that level, hovering near $0.033, after bouncing off the wedge’s lower boundary.

Source: X/PatrickH

If PENGU is able to close persuasively over $0.035–$0.036, momentum is likely to pick up speed rapidly. The next resistance zones are at $0.050, $0.070, and the psychological zone of $0.10.

Those ranges are based on past highs and Fibonacci retracement levels, which give traders a clear guide for possible profits.

What to Watch Next

For now, the key level to hold is still $0.030. A drop below that line could weaken the bullish setup and push the PENGU price back toward the mid-$0.02 range

But if the base holds and volume rises on the breakout, it could confirm the start of PENGU’s next rally.

As both analysts hinted, the penguin might indeed be ready to fly, but the breakout confirmation will tell the real story.

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The post Analysts Say Pudgy Penguins (PENGU) Price Is Headed for a Rally – Here’s What the Chart Shows appeared first on CaptainAltcoin.