Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Pudgy Penguins (PENGU) To Bounce Back? Key Breakout Signals Potential Upside Move

Pudgy Penguins (PENGU) To Bounce Back? Key Breakout Signals Potential Upside Move

CoinsProbeCoinsProbe2025/09/27 10:12
By:Nilesh Hembade

Date: Sat, Sept 27, 2025 | 09:40 AM GMT

The cryptocurrency market is showing signs of stabilizing after a week of steep declines. Ethereum (ETH), which had tumbled by over 10% in the last 7 days, marking a low of $3,829, has rebounded near the $4,000 mark. This relief rally is also lifting sentiment across altcoins , including Pudgy Penguins (PENGU).

PENGU, which suffered a sharp 18% correction over the week, is showing notable gains today of over 5%. More importantly, its chart is now flashing a key bullish breakout that hints at a potential upside move in the sessions ahead.

Pudgy Penguins (PENGU) To Bounce Back? Key Breakout Signals Potential Upside Move image 0 Source: Coinmarketcap

Falling Wedge Breakout

On the 4H chart, PENGU has confirmed a Falling Wedge breakout — a bullish reversal structure that often signals the end of a downtrend and the beginning of renewed upward momentum.

The wedge developed from the September 18 peak near $0.03966, with price gradually sliding lower while repeatedly finding support along the trendline base. Recently, PENGU rebounded from $0.02633 and pierced through the wedge’s resistance trendline near $0.02785. This breakout has already pushed the token toward a local high of $0.029, strengthening the bullish case.

Pudgy Penguins (PENGU) To Bounce Back? Key Breakout Signals Potential Upside Move image 1 Pudgy Penguins (PENGU) 4H Chart/Coinsprobe (Source: Tradingview)

The breakout is an important early sign that momentum could be shifting in favor of the bulls.

What’s Next for PENGU?

In the near term, PENGU may retest the breakout trendline before making another push higher. A decisive move above the local high of $0.029 would serve as a strong confirmation of strength, potentially attracting more buyers.

If that level is cleared, upside momentum could accelerate toward the next target at $0.03185, which aligns with the 200 moving average (MA) — a key resistance to watch.

However, if PENGU fails to sustain above the breakout level, short-term weakness could return, with $0.02633 standing out as the crucial support that bulls must defend to preserve the bullish structure.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

samczsun: The Key to Crypto Protocol Security Lies in Proactive Re-Auditing

Bug bounty programs are passive measures, while security protection requires proactive advancement.

ForesightNews 速递2025/12/11 11:53
samczsun: The Key to Crypto Protocol Security Lies in Proactive Re-Auditing

Millennials with the most cryptocurrency holdings are reaching the peak of divorce, but the law is not yet prepared.

The biggest problem faced by most parties is that they have no idea their spouse holds cryptocurrency.

ForesightNews 速递2025/12/11 11:53
Millennials with the most cryptocurrency holdings are reaching the peak of divorce, but the law is not yet prepared.

Using "zero fees" as a gimmick, is Lighter's actual cost 5–10 times higher?

What standard accounts receive from Lighter is not free trading, but rather slower transactions. This delay is turned into a source of profit by faster participants.

ForesightNews 速递2025/12/11 11:52
Using "zero fees" as a gimmick, is Lighter's actual cost 5–10 times higher?

Prize pool of 60,000 USDT, “TRON ECO Holiday Odyssey” annual ecological exploration event is about to begin

TRON ECO is launching a major ecosystem collaboration event during Christmas and New Year, offering multiple luxurious benefits across the entire ecosystem experience!

深潮2025/12/11 10:41
Prize pool of 60,000 USDT, “TRON ECO Holiday Odyssey” annual ecological exploration event is about to begin
© 2025 Bitget