PENGU Activity Spikes: What’s Driving the Buzz?

Pudgy Penguins (PENGU) is drawing attention across both technical charts and on-chain ￰0￱ analyst Ali Martinez outlined several signals suggesting the token may be preparing for a ￰1￱ current price stands at $0.022 at press time, reflecting a 5% gain over the last 24 ￰2￱ volume reached $223 million during the same ￰3￱ the token saw a small dip over the past week, broader activity around the asset shows signs of renewed ￰4￱ Setup Points to Breakout Zone The chart shows PENGU forming a cup-and-handle pattern—commonly seen ahead of upward price ￰5￱ base support around $0.0174 has held firm, and the price has been slowly climbing from that area. A key resistance level sits at $0.045.

If the asset moves beyond this level, it could open the way for targets near $0.08, $0.114, and possibly $0.185, based on past Fibonacci-based ￰6￱ Ali Martinez noted that “ everything lines up for a new bull rally ,” referring to the alignment between real-world traction and technical structure. Meanwhile, the team behind PENGU has recently announced partnerships with DreamWorks’ Kung Fu Panda and Invariant, a Washington-based policy ￰7￱ project has also been mentioned by Jefferies, one of the largest investment banks, in its broader coverage of digital ￰8￱ addition, the brand is ￰9￱ 1 million Pudgy Penguin toys have been sold ￰10￱ mobile game Pudgy Party has surpassed 900,000 ￰11￱ brand was also seen at a film awards event in South Korea, and an ETF application is currently under ￰12￱ Show a Shift in Momentum On the daily chart, Bollinger Bands have tightened, showing lower ￰13￱ setup often comes before a price ￰14￱ recently bounced off the lower band around $0.01708 and is now trading near the 20-day average at $0.023.

For momentum to build, the price would need to challenge the upper band near $0.029.