The Pudgy Penguins (PENGU) token has captured attention in the last 24 hours. Both on technical charts and in on-chain data, it is trading at $0.022 with a 5% increase and a volume of $223 million. Crypto analyst Ali Martinez highlighted the asset’s momentum, noting that “everything lines up for a new bull rally.”
This optimism is founded on a notable expansion of the brand beyond the crypto space. Pudgy Penguins has surpassed one million physical toys sold globally, and its mobile game, “Pudgy Party,” has already exceeded 900,000 downloads. Strategically, the project has announced partnerships with DreamWorks (for Kung Fu Panda) and Invariant, a Washington-based policy firm. This growth has captured institutional attention, being mentioned by the investment bank Jefferies and having an ETF application currently under review.
From a technical standpoint, PENGU is forming a bullish “cup-and-handle” pattern above key support at $0.0174. Indicators like the Bollinger Bands are tightening, signaling low volatility that often precedes an explosive price move. The critical level to watch is the $0.045 resistance; a confirmed break above this mark could open the path toward targets at $0.08 and $0.114.
Source: https://x.com/ali_charts/status/1982369106210025840
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