A crypto analyst indicated that the full Benjo coin $PENGU

It started to resemble the Baby coin ($PEPE ) before its explosion.

The full Benjo may follow a similar path to PEPE

In a new post on X, analyst Ali Martinez discussed how it affects #PENGU the Baby coin (#PEPE ) in its price chart. Below are the charts shared by Martinez, comparing the trends of the two coins side by side.

In both charts, the analyst identified Fibonacci retracement levels for the assets, which are lines based on ratios from the famous Fibonacci sequence. The analyst identified the 1.0 level as the price peak for both assets. For PEPE, it is the highest price of 2023, and for $PENGU , it is the highest price at the beginning of 2025.

Similarly, the zero point was determined at the lowest price. More specifically, it is the lowest price following the aforementioned peak of the coins. Martinez then drew Fibonacci retracement levels between the endpoints, where each line represents a percentage of the retracement from high to low.

It seems that in the case of PEPE, a price bottom was followed by a sudden rise exceeding 0.5, which is the midpoint of the Fibonacci scale. This rise led to a pullback, but the upward momentum returned to the coin in 2024, resulting in a sharp explosion that surpassed its 2023 peak by a large margin.

From the Penguin chart #PENGUUSDT , it is clear that something similar was developing for it, as its price also witnessed a peak pattern above the Fibonacci retracement line of 0.5, followed by a decline, then a rebound. This rebound corresponds with the altcoin’s remarkable increase of 50% over the past week. Even with this increase, the asset was only able to return to the May peak.

Although there are some similarities between the price charts, it's worth noting that they are not an exact mirror. For example, the decline extended to 0.236 for PEPE, but the PENGU rebound occurred before this rebound.

Since the rebound has not been as strong as PEPE's rebound so far, it remains to be seen whether the rise of #PudgyPenguins will develop into something resembling a memecoin breakout. As the analyst points out, "A daily close above $0.015-0.017 could make this path unassailable."

Another indicator that may suggest a possible breakout for PENGU is this chart previously shared by Martinez, which shows that the altcoin has been moving within an ascending triangle over the past few months.


The "Pajama Penguin" coin recently rose to the upper boundary of the pattern, located at around $0.015. Typically, breaking through the resistance line of an ascending triangle is considered bullish. So far, the coin has not been able to surpass this line.

Price #باجى_باجينز

At the time of writing this report, the "Pajama Penguin" coin is trading at around $0.0148, up more than 4% in the past 24 hours.