Pudgy Penguins Soar: Why PENGU Just Skyrocketed 32% in a Single Day

Jakarta, Pintu News – Pudgy Penguins is one of the highest-gaining crypto assets today (14/7/25), after recording a double-digit surge on Monday.

This increase occurred after getting an endorsement from Tron founder, Justin Sun, through the X platform (Twitter). Check out more, let’s go!

PENGU Crypto Price Up 32.27% in 24 Hours

On July 14, 2025, the price of PENGU crypto surged to $0.02929 — roughly IDR 487 — marking a sharp 32.27% gain over the past 24 hours. Throughout the day, PENGU traded between a low of IDR 366.7 and a peak of IDR 516.2.

According to CoinMarketCap, the PENGU crypto market capitalization now stands at around $1.88 billion, with trading volume in the last 24 hours rising 196% to $2.12 billion.

Read also: Dogecoin Soars to $0.205 Today – Is $0.30 Within Reach?

Crypto PENGU surges thanks to Justin Sun’s support

The Solana -based meme coin inspired by the popular NFT collection recorded a 32% surge in price, following a wave of momentum on social media sparked by TRON founder Justin Sun.

Sun shared a cartoon image of a penguin depicted with his signature hairstyle and wearing a T-shirt with the TRON logo. Next to the picture, he wrote a caption: “OK. Everyone has become a penguin.”

The post quickly went viral in the crypto community and the Pudgy Penguins community, which greeted it with enthusiasm. Pudgy Penguins’ official account on X (Twitter) quoted Sun’s post, writing, “Everyone will Huddle.”

“Justin looks great here. Welcome to the Huddle,” Pudgy Penguins wrote in a post.

This viral moment has increased attention to PENGU, pushing the token’s price up and fueling further speculation about its potential upside.

Analyst Ali: PENGU Crypto Makes Textbook Bullish Retest

On the other hand, this surge in the PENGU crypto price comes just a few days after on-chain analyst Ali highlighted the impending huge momentum for the Pudgy Penguins token. He mentioned that the token has strong fundamentals.

“When comparing what PEPE achieved with PENGU’s current position, it feels like a once-in-a-lifetime opportunity. The difference? Pudgy Penguins has real fundamentals,” Ali wrote.

Ali also noted that PENGU made a“textbook bullish retest” on July 10 and predicted a short-term price target of $0.060 in August.

However, this prediction is contingent on approval from the US SEC(Securities and Exchange Commission) of Canary’s Spot PENGU ETF.

Read also: Bull Run Incoming? 3 Made in USA Cryptos Set to Explode Soon!

Interestingly, the SEC just acknowledged the filing a few days ago – a move that saw PENGU’s price jump more than 23% and hit its highest point in recent months.

PENGU Crypto Price Outlook

According to BeInCrypto, the PENGU/USDT chart on the 1-day timeframe (13/7) shows that the Pudgy Penguins token is experiencing a recovery rally, on its way to touching the all-time high of $0.07 recorded on December 17.

Technical indicators point to a strong confluence support zone between three Simple Moving Averages (SMAs) – namely the 50, 100, and 200 SMAs – at $0.012, $0.011, and $0.013 respectively.

Any selling pressure that may arise is expected to be contained by a significant buying impulse from this bullish accumulation zone.

Correspondingly, the Relative Strength Index (RSI) indicator also showed an increase in momentum, with a consistent pattern of higher highs and higher lows.

If buying pressure continues to increase, PENGU prices have the potential to break back through the important support level at the 50% Fibonacci retracement at $0.036.

Stronger buying pressure from this level could push PENGU to turn the most crucial Fibonacci level, 61.8% at $0.044, into a new support zone.

A clear daily candlestick close above this level could pave the way for PENGU to return to ATH $0.07. This rise would represent a jump of about 130% from the current price.

Conversely, if investors decide to take profits early, it could disrupt the ongoing rally.

A drop below the 23.6% Fibonacci retracement level could drop PENGU prices back into a consolidation phase below $0.019, where bulls may see buying opportunities at discounted prices around SMA lines.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Pudgy Penguins (PENGU) Skyrockets as Justin Sun Joins the Huddle. Accessed on July 14, 2025