The post Pudgy Penguins (PENGU) Price Prediction: Pitchfork Channel and 10-SMA Trigger Hint at $0.075 Breakout appeared on BitcoinEthereumNews.com.

PENGU is holding strong above key support, with fresh breakout signals and bullish setups hinting at a potential move toward new local highs. PENGU remains one of the strongest altcoins despite the ongoing short-term correction this week, and fresh charts suggest that Pudgy Penguins is ready for the next leg. Market watchers are now keeping a close eye on a potential breakout setup, with multiple technical indicators pointing to renewed momentum. PENGU Breakout Watch: Eyes on the Falling Wedge PENGU may be gearing up for its next move as the 4H chart shared by MK shows the token breaking out of a falling wedge. The wedge formed after price topped near $0.048 and has since tightened into support at $0.0355, which also aligns with a previous breakout zone. Price is now attempting to push above the upper trendline. PENGU attempts a breakout from a falling wedge as it holds firm above key support at $0.0355. Source: MK via X If the breakout confirms with momentum, the immediate level to watch is the $0.043 to $0.045 range, which has acted as short-term resistance in prior moves. A clean reclaim of this zone could open the door for a retest of $0.048, and potentially even a fresh push toward the $0.065 zone if market conditions remain a “risk on” situation. For now, as long as PENGU Pudgy Penguins price holds above the $0.0355 support base, the structure remains constructive for a potential round two rally. PENGU ETF Scenario Points to Explosive Upside Potential While the previous chart from MK showed a potential breakout from a falling wedge, this latest chart shared by analyst Luffy Taro paints a much larger narrative. Based on a post-ETF approval scenario, the projection suggests a parabolic rise in PENGU’s price, with a theoretical move toward the $1.00…

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Filed under: News - @ July 26, 2025 11:12 pm