The post Pudgy Penguins (PENGU) Price Prediction: Wedge Breakout and Google Trends Flip Fuel $0.041 Target appeared on BitcoinEthereumNews.com.

PENGU is nearing a breakout after reclaiming key technical levels, with rising interest and volume hinting at a potential rally toward $0.041. PENGU has just broken out of a falling wedge formation, a move that’s catching attention as participants eye the $0.041 resistance zone. With a reclaim of the 50 SMA on the 4-hour chart and volume ticking up, early signals suggest bulls might finally be stepping back in. PENGU Falling Wedge Structure Approaches Breakout PENGU is shaping up for a key technical moment as price action nears the end of a well-defined falling wedge formation. On the 4-hour chart, the descending trendlines are converging right at a historically strong support zone, hinting that a breakout could be closer than many think. These wedge structures typically signal trend reversals, and given how tightly PENGU is coiling, the pressure is building for a directional move. PENGU coils tightly within a falling wedge, with support holding strong and eyes now on a potential breakout toward $0.047. Source: Satoshi Flipper via X What adds weight to the setup is the clean test of support. While momentum has cooled off, the repeated respect of the yellow accumulation band signals buyers are quietly stepping in. If bulls can push past the upper wedge resistance, the next major test sits near the $0.0470 zone, a level that also aligns with prior rejection highs. PENGU Reclaims 50 SMA on 4H Time-Frame Following the potential breakout, PenguWhale shows that PENGU has now closed a 4-hour candle above the 50-period Simple Moving Average (SMA), a development that could signal the beginning of a short-term trend reversal. This is the first confirmed close above the 50 SMA since the broader correction started in late July. While this is not an explosive milestone in itself but it’s a technically clean trigger…

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Filed under: News - @ August 8, 2025 1:22 am