PENGU Eyes $0.09 After Bullish Retest Signals Fresh Rally

PENGU consolidates below $0.045, signaling potential breakout toward $0.056 and $0.080.

Strong support near $0.033 keeps the trend intact despite broader NFT market weakness.

Analysts project a bullish move targeting $0.09 if volume confirms the breakout.

The market is watching Pudgy Penguins PENGU store energy for a sharp release. Traders see candles tightening near a key neckline, a sign of brewing momentum. Buyers defend a strong base, creating an atmosphere thick with anticipation. Each small move feels like a heartbeat before the leap. Confidence grows as higher lows stack like stepping stones. This setup suggests a breakout that could surprise even seasoned observers.

Pressure Builds Beneath the Neckline

At press time, PENGU was trading just below the crucial $0.042 to $0.045 resistance, holding a rising structure. The price compresses into narrower ranges, echoing past moments before explosive moves. Support near $0.033 to $0.035 acts like bedrock, repeatedly tested yet unbroken. Analysts compare this rhythm to a drumbeat, steady and relentless. A clean breakout above the neckline could target $0.056, perhaps stretching toward $0.080 in the coming weeks.

Weekly charts reveal a familiar dance. Each surge has followed a measured pullback, forming a pattern of expansion and calm. Recent retracements remain shallow, signaling firm control by buyers. Candles curl upward, hinting at renewed strength. Market voices such as Ali Martinez highlight this repeating cycle of “explosion–pullback–explosion.” Such a sequence builds excitement for a potential surge.

Steady accumulation strengthens the outlook. Analyst MacnBTC notes that coiling action often leads to decisive rallies. The current range matches previous accumulation zones where PENGU buyers quietly gathered strength. Volume spikes could transform quiet consolidation into a storm of upward movement. A strong break could shift targets quickly toward $0.060 and beyond.

Momentum Gains Despite Sector Weakness

NFT markets show weakness, yet PENGU stands apart with a 281% rise over 90 days. Capital flows into this token even as other NFT-linked assets fade. Analyst Kokino views this divergence as a sign of focused investor interest. Such resilience draws attention and fuels speculation of further gains. Support near $0.030 to $0.032 continues to attract determined buyers.

This foundation gives traders confidence to hold positions despite broader uncertainty. If PENGU climbs above the neckline with convincing volume, the next stage could test $0.060 and aim higher. Analyst Andreas Tobing even suggests a path toward $0.10, provided momentum holds steady. Still, caution lingers. Broader NFT weakness may weigh on sentiment and slow progress.

Losing the $0.033 to $0.035 zone could trigger a deeper retrace. Yet as long as buyers defend that range, the setup favors continuation. PENGU now moves like a predator waiting to pounce. Charts hint at power ready to burst free. Traders sense that a decisive breakout could reward patience with a swift run toward $0.09. The stage feels set, the crowd leans forward, and the next candle may tell the story.