After weeks of waddling under resistance, Pudgy Penguins has finally broken out with a splash of volume and a flurry of follow-through. Market participants are now eyeing a potential 20–30% move, especially as the price targets a key liquidity gap that has remained untouched since February.
Pudgy Penguins Flaps Its Wings, Breaks Out of Resistance
Pudgy Penguins has officially broken out of its key diagonal resistance, a trendline that’s capped its price since March. The move was confirmed with a clean close above the $0.0155 zone and has opened up a potential path toward the next major Fibonacci target at $0.044, as noted by crypto analyst Ali Martinez.
Momentum is building steadily, with the structure showing a solid series of higher lows since the April bottom. The Pudgy Penguins is now targeting $0.022 and $0.032 as the next upside levels on the chart.
From a technical view, the breakout aligns with a textbook ascending triangle formation, where the horizontal resistance finally gave way after multiple tests. As long as the price holds above the breakout point, the structure remains valid. Short-term pullbacks into support could be expected, but the trend now favors bulls.
Spot Volume Spikes on PENGU
After breaking key resistance, PENGU’s move is getting fresh confirmation from spot volume data. A 68% rally over the past week has now been met with rising buy-side activity, with $0.018 emerging as the clear pressure point. According to Erica Hazel, the SuperTrend indicator has flipped bullish, and shorts appear to be getting squeezed as the price builds momentum above breakout levels.
The volume bubble map from CryptoQuant adds further weight to this move. With the breakout now confirmed, $0.028 becomes the next key level to watch.
PENGU Price Eyes Gap Fill Play
After its strong breakout and retest earlier this month, PENGU is now targeting a clear liquidity gap left behind during the steep February drop. The current price structure is pressing right up against the $0.0158 to $0.0169 resistance band, which acted as a key breakdown point during that flush. The chart shared by ZGOD shows multiple wicks rejecting around this level, but the overall momentum remains bullish, especially with volume picking up and price making higher lows. If bulls push through this zone, the next gap-fill target sits near $0.0227 to $0.00250.
Price gaps, especially those formed by high-velocity moves, tend to act like magnets. Once price re-enters the gap zone, it often moves swiftly to fill it, with little resistance in between. In PENGU’s case, this isn’t just a minor imbalance; it’s a wide, clean zone from $0.0169 to $0.0250 that hasn’t been retested since the breakdown.
Smart Money Active Over PENGU
Smart money just put its stamp of approval on PENGU. According to on-chain data from StalkChain, shared by Abhi, Pudgy Penguin coin is now the #1 most bought token among tracked wallets over the past 24 hours. That puts it ahead of several top-cap coins in daily inflows.
This buying pressure also lines up perfectly with the technical breakout and gap-fill narrative. After reclaiming a critical level near $0.0155 and showing signs of follow-through, this latest surge in smart money interest could help accelerate the price toward that next target zone around $0.022 to $0.025.
PENGU Gets Boost With eToro Listing
In a latest Pudgy Penguins news update, $PENGU has just gone live on eToro, marking a major step forward. This new listing opens the door to a broader retail audience at a time when the coin is already riding a wave of momentum from its recent technical breakout. With smart money flowing in and bullish sentiment building, the eToro debut adds fuel to the narrative that PENGU may still have room to run as it targets higher resistance zones.
Final Thoughts
The sentiment seems to be aligning for Pudgy Penguins. A confirmed breakout, rising volume, smart money inflows, and a fresh eToro listing all paint a bullish short-term picture. With the chart structure holding strong and the $0.0169 to $0.0250 gap acting like a price magnet, participants are now watching closely for a potential swift move toward the $0.022 zone.
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2025-07-06 02:24