Pudgy Penguins bounced cleanly off $0.02122 and now trade above both EMAs with RSI holding steady at 66.45.
$PENGU is pushing toward $0.04006 after a 200% run, backed by ETF filings, volume strength, and branding momentum.
Coinbase and Polkadot changed PFPs to penguins as volume hit 817.5K and Pudgy NFTs jumped 25.8% to 11.8 ETH.
Pudgy Penguins is building a strong continuation after defending structure around breakout zones and printing clear bullish intent. Price has held its key levels, with momentum now driven by chart structure, ETF updates, and widespread brand momentum.
Breakout Structure Maintains Bullish Control
Pudgy Penguins has maintained structure perfectly after bouncing off the $0.02122 zone. This zone was previously marked as critical for validation, and the price never broke below it. Buyers stepped in exactly at that level, reinforcing the move with conviction.
Price action continued upward from that bounce, forming a rounded handle pattern above the previous resistance band. The base held between $0.015 and $0.022 as each dip produced higher lows, indicating consistent accumulation. After coiling into the neckline, the price is now curling upward again.
Source: (X)
Following the breakout, the price jumped 20% and reached $0.02286, pushing directly into the $0.025 neckline. Volume has remained stable near 817.5K, with RSI sitting at 66.45, reflecting healthy momentum. Price also remains above both the $0.02122 and $0.01922 EMAs, confirming the trend structure is intact.
Momentum Builds as Volume and RSI Stay Bullish
Pudgy Penguins has now entered the breakout continuation zone as volume held firm through recent consolidation. That accumulation beneath the neckline aligns with structure-driven price strength. This rounded base now acts as the foundation for the next move.
Each reaction to the EMAs confirmed directional bias. The price stayed above the moving averages after retests, reinforcing bullish structure on the 4H timeframe. RSI has held without crossing into overbought extremes, giving room for further expansion.
From this pattern, Pudgy Penguins is building toward the $0.04006 breakout target. That target aligns with psychological resistance and the top of the rounded setup. The recent bounce confirmed that the structure remains in favor of bulls.
ETF Buzz and Branding Power Elevate Sentiment
Pudgy Penguins continues gaining attention as major names switch their profiles to penguin-themed avatars. Coinbase, OpenSea, MoonPay, and Polkadot have all joined that trend, driving visibility and community strength. This branding momentum is now intersecting with technical upside.
ETF talk has moved from speculation to filings. June’s Canary proposal included 80–95% PENGU weighting, and the SEC decision is expected soon. HyperLiquid’s listing on July 10 boosted volume while Pudgy NFTs jumped 25.8% to 11.8 ETH, showing increased traction.
Source: TradingView
Pudgy Penguins has already rallied from $0.0077 to $0.023. The price now trades above the critical $0.02122 level and holds near resistance. With structure respected, volume firm, and branding fueling sentiment, this breakout continues unfolding toward $0.04006.
If Pudgy Penguins eventually mirrors Dogecoin’s peak market cap, the price would hit $1.42, marking a 66x move from here.
