Pudgy Penguins on the Rise as PENGU Breaks Out, Signaling the End of Its Correction Phase

Jakarta, Pintu News – After a rough period, the Pudgy Penguins token is now starting to show signs of recovery. The token’s price is attempting to break back through an important resistance level, and recent price movements indicate that the bottom may have already been reached.

On the other hand, a number of significant developments surrounding the project have also helped keep the community’s attention on it. Let’s take a closer look at the latest price action to see the potential direction of the next move, as analyzed by the CCN website.

Pudgy Penguins Latest News

The Pudgy Penguins token project has burned over $357 million worth of tokens, while the number of token holders has now surpassed 868,000 wallets.

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Their mobile game, Pudgy Party, reached 500,000 downloads in just two weeks since its launch. The game was developed in conjunction with Mythical Games, which regularly releases new content and feature updates.

Recently, Pudgy Penguins also entered into a partnership with Sharps Technology to expand exposure to the Solana Digital Asset Treasury (DAT) space.

With a market capitalization that now exceeds $2 billion and a price surge of 780% so far this year, Pudgy Penguins has further cemented its position as one of the top crypto brands. However, there is now a new competitor called Pudgy Pandas, which is starting to attract attention in the Asian market.

Pudgy Penguins (PENGU) Price Analysis

The price of the Pudgy Penguins (PENGU) token almost set a new all-time high on July 23, but failed to break it by less than 2%. Since then, the price has fallen quite sharply and confirmed that the horizontal resistance area at $0.043 is still a strong obstacle.

PENGU hit a low of $0.027 on September 1, before bouncing back and breaking out of a descending wedge pattern on September 8.

The breakout of this wedge pattern signals that the price of PENGU may have bottomed and has the potential to continue its gradual rise towards new record highs.

Furthermore, PENGU’s price return above the $0.033 horizontal area reinforces the bullish sentiment. If PENGU is able to form a higher low, the potential for a quick rise towards the $0.043 resistance area is wide open.

However, there is a slight caveat: technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are currently in neutral. Nevertheless, the overall price prediction for PENGU remains bullish.

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What’s Next for PENGU?

In line with its price movement, wave analysis (wave count) also shows that PENGU has the potential to set a new record high in the near future.

Based on these calculations, Pudgy Penguins has completed the fourth wave of a five-wave bullish pattern. The fifth wave is expected to take the price towards $0.058.

The target is derived from the 1.61 external Fibonacci extension of the fourth wave, and would mark a new all-time high for PENGU. Since the previous third wave has already experienced an extension, it is unlikely that the fifth wave will do the same.

Therefore, the fifth wave is expected to be similar in length to the first wave, which is consistent with the target at $0.058.

Overall, the latest breakout as well as the return of the price above the key support level suggests that PENGU is preparing for the next phase of its rise.

If this momentum continues, the chances of breaking record highs are growing. With a combination of positive price action and strong fundamentals, Pudgy Penguins remains one of the tokens worth monitoring closely this month.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Pudgy Penguins (PENGU) Price Breakout Signals Long-Term Bottom. Accessed on September 17, 2025