PENGU price is starting to gain momentum again, and traders are paying close attention to one key level, $0.015. 

According to analyst AliCharts, while Pudgy Penguins has plenty of bullish fundamentals behind it, the real confirmation for a rally comes if the price can close above that mark on the daily chart. 

He believes that’s the level to watch for a major breakout. So far, PENGU has made several attempts to push through $0.015 but hasn’t been able to hold above it. 

The price is hovering just below, around $0.0136, while still showing signs of strength thanks to a consistent series of higher lows since April.

PENGU Chart Structure and Ongoing Pattern

The PENGU chart shows a clean ascending triangle pattern forming, a setup that often leads to a breakout when buyers keep stepping in at higher prices. 

The horizontal resistance around $0.015–$0.0175 has capped the upside multiple times, but buyers haven’t backed off. A strong trendline from March continues to act as support, and the structure remains in place.

'@pudgypenguins lays out plenty of bullish reasons for $PENGU. But from a technical standpoint, a daily close above $0.015 is what really sets the stage for a major bull rally! https://t.co/A9fnBDehK5 pic.twitter.com/EMez8ngt9S

— Ali (@ali_charts) June 30, 2025

This pattern has been building over the past few months, with price tightening and volume staying steady. It suggests the market is gearing up for a move. 

The key question now is whether that move will break out above $0.015 or get pushed back again.

Fibonacci Analysis and Price Zones

Looking at Fibonacci retracement and extension levels, $0.01245 (0.786 Fib) is acting as solid support. If PENGU price manages to clear the $0.015 barrier, the next price targets are mapped out at $0.0266, $0.0332, $0.0456, and even $0.0592.

These are all based on the same structure, measured from the rally that started back in early April. On the flip side, if the breakout fails, support levels sit lower at $0.0106 and $0.0080, offering potential areas where buyers could re-enter.

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Volume Behavior and Confirmation Signal

So far, every test of $0.015 has been met with resistance. But the longer price holds above the trendline and stays close to resistance, the more pressure builds. 

The last daily candle came close to closing above $0.015 but just missed, meaning the breakout hasn’t been confirmed yet.As AliCharts pointed out, the signal is clear: a daily close above $0.015 could set off the next leg higher. Until then, PENGU price remains in a holding pattern, with bulls staying patient and watching that breakout line closely.

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