PENGU Price Eyes Major Upside as Analyst Compares Pattern to PEPE’s Historic Rally
The PENGU (PENGU/USD) price is generating fresh buzz in the crypto community after renowned market analyst Ali Martinez highlighted striking similarities between PENGU’s current price trajectory and the historic rally of #PEPE . If the pattern plays out as Martinez anticipates, the long-term targets could reach $0.24 and even $0.70, representing a multi-hundred-percent gain from present levels.
While such ambitious projections are far from guaranteed, the short-term technical setup for PENGU suggests that the asset is approaching a pivotal breakout zone. Traders and investors are now watching closely as order book dynamics reveal key resistance and support levels that could define the token’s next move.
Analyst Ali Martinez: PENGU Could Follow PEPE’s Footsteps
Ali Martinez, a widely followed cryptocurrency analyst known for identifying repeatable price fractals, has pointed out that PENGU’s chart closely mirrors PEPE’s historical price action during its early explosive growth phase.
Martinez believes that if the pattern holds, PENGU could reach two major upside targets:
First Long-Term Target: $0.24
Second Long-Term Target: $0.70
These targets represent potential gains of over 400% and 1,500% respectively from current price levels near $0.042, assuming the market follows a similar trajectory.
Short-Term Technical Picture: Resistance Levels in Focus
On the daily chart, #PENGU is facing immediate resistance between $0.04200 and $0.04313.
Order Book Insights: A significant ask wall of over 12.7 million PENGU tokens is clustered at $0.04200, creating a temporary barrier to upward momentum.
Breakout Potential: Clearing this resistance with strong volume could trigger a 1.5% rally toward the next resistance at $0.04300, setting the stage for a push toward higher levels.
If the breakout occurs, it could mark the beginning of the kind of sustained rally that Martinez is predicting over the long term.
source 24crypto dot news
