- PENGU price has surged 295% this month, supported by rising trading volume and renewed market activity.
- Analyst Ali Martinez projects a $0.24 target, citing price similarities between PENGU and PEPE’s historic pattern.
- Speculation around a PENGU ETF filing and Pudgy Penguins’ anniversary boosts community attention and market optimism.
Crypto analyst Ali Martinez has indicated that PENGU may be on track for a major breakout, following a price structure similar to PEPE’s rally. Martinez shared on X that if this pattern continues, PENGU could climb to $0.24. The token recently hovered near $0.04, making the projected surge a significant move within the current cycle.
Earlier this month, Martinez pointed to a critical range between $0.015 and $0.017. A close above that range has historically aligned with strong upside momentum. Since then, PENGU has displayed signs of accelerating strength, mirroring the early stages of PEPE’s explosive growth.
Performance Metrics Support Bullish Sentiment
Over the past week, PENGU’s price jumped more than 30%. Every month, it has risen by approximately 295%. Despite this strong growth, the token remains under its December 2024 high of nearly $0.069. Alongside the price movement, spikes in open interest and trading volume have continued to rise, indicating increased investor attention.
According to MarketCapOf data, if PENGU achieves the same market cap as PEPE, it could trade around $0.17. While the current valuation remains lower, the trajectory suggests a possible climb that could narrow this gap in the near term.
Community Events and ETF Speculation Stir Market Activity
Social media discussions have added to the bullish sentiment, with speculation about a potential PENGU ETF filing. Some users claim that such a development could lift the token’s value to $0.30. Additionally, the fourth anniversary of Pudgy Penguins has drawn renewed attention to the NFT project, which remains closely tied to PENGU’s utility and visibility.
With growing momentum, increasing trading activity, and a pattern that mirrors a proven breakout path, market participants are closely watching PENGU’s next move. The convergence of technical signals and social narratives continues to drive interest.
