Pudgy Penguins (PENGU): Cup Pattern Formation
Pudgy Penguins (PENGU) is forming a classic technical cup pattern that started in January 2025 and reached the bottom in April.
The MACD indicator still shows bullish momentum, while trading volume sharply increased in July — an ideal condition to perfect this cup pattern formation. This surge in volume indicates strengthening buying interest and validation from market participation.
If PENGU can break through the $0.036 level, this pattern will be confirmed, with a target increase to the range of $0.045–$0.048 (around Rp739–Rp787).
Meanwhile, a price drop to the $0.030–$0.032 area (around Rp492–Rp525) could present an attractive accumulation opportunity, as long as volume remains high and the technical structure is not damaged.
PENGU has become one of the interesting NFT-related token assets to monitor in the current altcoin cycle, especially with the strengthening technical pattern and growing community interest.