PENGU Targets $0.10 in Bullish Trend, as 4Hr TF Shows Strong Momentum

3 mins mins

Key Insights:

Analyst predicts $PENGU to reach $0.10, fueled by bullish flag pattern and strong support levels.
$PENGU’s price surge towards $0.06 could occur after completing bull flag, with breakout momentum.
Key resistance zones set for a breakout, with $PENGU eyeing a 3.12% gain towards $0.038.

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Pudgy Penguins ($PENGU) is showing strong upward momentum as analysts forecast a price target of $0.10. This comes after a series of positive technical and fundamental developments. The token is forming a bullish flag pattern, indicating potential for significant price gains in the coming weeks.

Bullish Flag Pattern Supports Positive Outlook

According to analyst ali_charts, $PENGU is on a bullish trajectory, with a price target of $0.10. The token is holding above key support levels, suggesting strong upward momentum.

The price is currently around $0.031023, and the chart reflects a consistent pattern of growth. Notably, the bullish flag pattern is viewed as a signal for a breakout to higher levels.

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External factors, including an ETF filing and expanding market presence in Asia, also strengthen this bullish outlook. Additionally, the token’s impressive toy sales are likely to have a positive effect on the price.

Analyst Predicts a Move Toward $0.06

However, Analyst ColdBloodShill has also provided a bullish forecast for $PENGU. The analyst believes the token could reach $0.06 after completing a bull flag pattern.

The flag’s clean formation suggests a potential breakout, with the token’s price currently around $0.034851. This breakout could trigger a sharp upward movement.

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The overall market structure and recent corrections indicate that the token is primed for a smooth continuation. If the bull flag pattern completes as expected, $PENGU could see significant gains in the short term.

Key Resistance Areas Point to Potential Breakout

Furthermore, Analyst CryptoBull_360 is also optimistic about $PENGU’s potential, noting that the token is approaching key resistance zones on the 4-hour time frame. These include horizontal levels, a trendline, and the Point of Control (PoC).

Analyst pointed out that a strong flip from this combined resistance area could trigger a major bullish rally. The rising volume suggests that a breakout is possible, pushing the price higher. If the breakout occurs, $PENGU has the potential to surge towards $0.038000, representing a 3.12% gain.

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As of now, $PENGU is trading at $0.035930 with a 24-hour trading volume of $1,022,808,378. The token’s price has increased 17.19% over the past 24 hours. Market sentiment remains positive, with analysts projecting further price growth.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.