$PENGU /USDT

Current Status & Technical Context

Current price: −1.5 %) from a range of $0.0346 to $0.0376.

Strong accumulation by institutional investors (smart money) is highlighted, approximately $424 K in 24 h, supporting a 'cup and handle' pattern in technical formation.

The community and social presence are on the rise: PENGU won the Kraken Meme Coin Showdown, generating global visibility with its mascot in a Formula 1 car.

It is becoming one of the favorite meme-coins for accumulation by whales in August, boosting its narrative as a rising asset in the space.

Its NFT collection recently surpassed the market cap of Bored Ape Yacht Club, positioning itself as the second most valuable globally.

Technical Scenarios

Bullish

A close above $0.042 (neckline of the cup-and-handle) with volume would validate the technical breakout. This could lead PENGU towards the range $0.05–$0.06, and in extension, $0.08.

Some more optimistic predictions suggest a recovery to $0.079 by the end of the year and up to $0.20 by 2030, supported by the roadmap and ecosystem adoption.

Consolidation (Moderate)

If it remains above the support of $0.033–$0.035, technical options for a reattempt at breakout remain. The technical sentiment is still largely bullish.

Bearish

A drop below $0.033 could open the door to corrections towards $0.030 or even lower, eroding the current technical structure.

Key Projections

Horizon Estimated Bullish Target

Short term $0.05–$0.06, via breakout of the cup-and-handle.

August 2025 Technical target around $0.08, if momentum persists.

End of 2025–2030 Models suggest a ceiling up to $0.098–$0.20.

Technical-Strategic Recommendation

✅ Buy Close above $0.042 with healthy volume Aiming for $0.05–$0.06 → extension $0.08 ~$0.033

🔁 Wait Retraces towards $0.033–$0.035 with clear support Wait for re-entry for a new breakout attempt ~$0.030