- Pudgy Penguins shows a bullish cup and handle pattern with a potential breakout target of $0.082.
- Pending ETF filing with CBOE backing and SEC review strengthen bullish sentiment for Pudgy Penguins.
- Rapid expansion in Asia boosts Pudgy Penguins’ recognition as a regionally powerful community-driven token.
The daily chart shows Pudgy Penguins ($PENGU) forming a bullish cup and handle that may lead to a breakout, but the closer resources in the direction of 0.082. Strong fundamentals and technical alignment are providing an encouraging setup for traders monitoring this emerging opportunity.
Bullish Cup and Handle Formation in Focus
Pudgy Penguins began forming its rounded base in late February 2025, gradually achieving higher lows. The pattern reached completion by early August, reflecting sustained accumulation.
Following a rally toward the $0.044 resistance, the asset entered a handle phase. This phase featured a measured pullback and sideways movement, maintaining structure above a key rising support trendline established in April.
Analyst Cites Strong Fundamental Drivers
According to crypto analyst Ali (@ali_charts), the technical outlook is reinforced by notable fundamentals. These include a pending ETF filing with CBOE backing, active SEC review, and rapid market penetration in Asia, where it is referred to as “Asia’s $DOGE.”
Such developments are considered capable of attracting wider investor participation. The combined presence of technical structure and news flow has heightened market attention on the $0.044 neckline as the critical breakout level.
Price Levels and Market Outlook
The measured move projection from the cup and handle formation suggests a target near $0.082, nearly doubling the current $0.03826 price. A daily close above the neckline with strong volume remains essential for pattern confirmation.
Failure to clear resistance could prolong consolidation within the handle, though the prevailing uptrend and supportive conditions favor bullish control. Traders closely tracking this structure are positioning stops beneath the handle’s low to preserve favorable risk-to-reward setups.
The above data shows a 1.02% daily price increase and an 11.53% rise over the past week, supported by a 24-hour trading volume of $724,695,941. The alignment of technical and fundamental drivers continues to keep $PENGU under active observation in the market.
