The PENGU price broke above a tight triangle after 10 days of movement between $0.031 and $0.034.
A straight line from the breakout aims for $0.075 which could be hit if no strong pullback disrupts price action.
The rally from $0.016 began on July 10 and the chart now reflects a steep rise with very limited resistance ahead.
PENGU/USDT has shown a sharp breakout pattern, potentially heading for a strong rally toward the $0.075 level. A recent hourly chart captured on July 22, 2025, at 07:09 UTC displays a clear bullish formation. The token traded at $0.037203 at the time, reflecting minor intraday volatility.
https://twitter.com/ali_charts/status/1947596984489259129 Breakout from Consolidation Hints at Price Surge
A symmetrical triangle pattern formed between July 14 and July 21 confirmed a breakout. The consolidation showed tight price action between $0.031 and $0.034. This pattern typically precedes sharp directional moves in trending assets.
On July 21, PENGU/USDT exploded past the upper resistance of the triangle. This triggered a breakout surge that carried the price above $0.038. The upward momentum follows a well-defined ascending support line that began earlier in July around the $0.016 region.
The chart presents a clean trajectory with no overlapping resistance until $0.047. Given the angle of the breakout projection, the move to $0.075 could follow soon. This sets a steep yet technical target within the short to medium term.
Market participants tracking this token on Binance may interpret this as a shift toward bullish market sentiment. The projected continuation aligns with historical patterns seen in breakout formations across crypto markets. Investors often look for such consolidation phases followed by rapid price moves.
Volume and Structure Point to Strong Technical Confidence
The triangular consolidation seen before July 21 was long and narrow, indicating declining volatility. Such structure tends to compress price and act as a pressure coil before a move. When released, it often leads to exponential price activity.
The immediate rally past the triangle reflects market confidence. The slope of the current rally, charted from the breakout point, reflects a consistent upward projection. Price reached $0.039 before pulling back slightly to consolidate around $0.037.
This suggests strong continuation potential. The steep projected path on the chart now intersects the $0.075 mark within a few trading sessions. That value more than doubles the price from breakout, marking a potential 100% upside.
If this pattern holds, the next question emerges: Can PENGU sustain momentum long enough to meet this $0.075 target without major pullback?
Technical traders often gauge such setups for position entries, trailing stops, or resistance-based exits. In this case, the breakout formed after extended sideways action. That tends to draw more trading attention and volume.
Timing and Structure Favor Momentum Acceleration
The price pattern was charted over nearly 10 days, showing progressive narrowing. The base began forming after a steep climb from $0.016 to $0.034. This previous upward leg lasted from July 10 to July 14.
A retracement followed but held strong above $0.030, forming the triangle base. Buyers defended this level multiple times before breaking out decisively. That behavior reflects bullish market strength and low selling pressure.
From a pattern-measured move perspective, the height of the triangle can be mirrored from the breakout point. That estimation places the extended price target between $0.070 and $0.075.
As long as the price remains above the breakout base near $0.033, the bullish structure remains intact. The volume structure also appears to validate the breakout strength, given the fast price jump post-triangle.
