• PENGU trades at $0.03801 after peaking above $0.0410 earlier today.

  • Chart analysis shows the next Fibonacci targets at $0.24 and $0.70.

  • Price trend mirrors PEPE’s rally, with support above $0.05 and higher lows forming.

PENGU,  the native token of the Pudgy Penguins brand, which operates on the Solana blockchain, has been recording a notable price rally in a monthly timeframe. During today’s Asian trading session, the asset opened its market with a price value of $0.03975, further adding to its market performance despite a slight dip below the opening price levels. The fluctuations from its 24-hour daily of $0.04137 have prompted market analysts to weigh on the next market move.

What is the Current Market Action?

Tracking the ongoing price trend at the time of press, CoinMarketCap data reveals that Pudgy Penguins (PENGU) is trading at $0.03801, reflecting a 1.4% decrease over the past day. The chart shows initial stability near $0.0383 before a gradual climb peaking above $0.0410 earlier today.

Source: CoinMarketCap

Following the peak, the price encountered a decline, moving below $0.0390 during afternoon trading hours. A brief drop pushed the price toward $0.0377 before a slight recovery brought it back to current levels. The session portrayed an early upward trend, followed by a long downward trend and a minor surge. 

Historical data reveals that PENGU reached its all-time high of $0.05738 on December 17, 2024, representing a 33.42% decrease since then. Its all-time low occurred on April 9, 2025, at $0.003715, marking a 928.45% rise from that level. Currently, PENGU trades a few bars above its all-time low recorded 4 months ago.

PENGU Price Action Mirrors PEPE’s Earlier Rally

Despite the slight decline in its price action, PENGU has mirrored a bullish pattern earlier recorded in PEPE. A deeper dive into an analysis by Ali Charts reveals that PENGU might change course and invite the bulls for another wave of gains. The observation reveals that  PEPE experienced a sustained climb after a consolidation period, reaching several Fibonacci levels before retracing part of its gains. 

Source: X

PENGU has recovered sharply from lows as the price advanced toward $0.05 and is holding above established support levels. Price movement has formed higher lows and higher highs, indicating steady upward momentum within the current market cycle. Technical mapping shows the next Fibonacci extension level near $0.24 for PENGU. Beyond this level, the following target is located at approximately $0.70.

Intermediate resistance is projected around $0.10 and $0.19, matching stages seen in PEPE’s prior rally. PENGU’s chart includes retracements between each upward move, consistent with standard market cycles. The similarity to PEPE’s earlier trend hints on potential price progression to new price levels. Progression through these Fibonacci levels remains dependent on maintaining an upward market structure.