Analyst Says Pudgy Penguins Price Could Triple as Familiar Pattern Reappears
Pudgy Penguins (PENGU) has caught the attention of traders once again after climbing more than 15% over the past week, with its price now sitting at $0.03225 and a market cap of roughly $2.02 billion.
The renewed interest comes amid growing optimism that the memecoin is repeating a bullish fractal that previously triggered a sharp rally earlier this year.
On-chain data from CoinMarketCap shows that PENGU’s market capitalization surged nearly 10% in the last 24 hours, reflecting rising momentum as traders anticipate another breakout. Technical indicators also point to strengthening sentiment. The daily RSI has climbed above 50, signaling a shift from neutral to bullish territory after several weeks of consolidation.
Analyst Predicts Major Upside
Prominent crypto analyst Ali (@ali_charts) shared a chart suggesting that PENGU is mirroring its previous accumulation pattern – a setup that last led to a major rally. According to Ali, the token could be “repeating the same fractal,” with a potential next target of $0.10, representing a more than threefold increase from current levels.
The analyst’s post quickly gained traction on social media, fueling renewed excitement across the community. The fractal comparison highlights a similar consolidation phase followed by an explosive breakout, which could put PENGU among the top-performing memecoins of the fourth quarter if momentum holds.
Technical Picture Strengthens
TradingView data shows that PENGU has formed a clear higher low structure, with buyers defending the $0.025–$0.028 range throughout September. The latest bounce has pushed prices back above $0.032, suggesting a possible retest of the summer highs near $0.04. A successful breakout above that level could confirm the bullish fractal pattern Ali mentioned, potentially setting the stage for a rally toward $0.10.
The RSI currently sits at 52, implying that the token is entering a healthier uptrend rather than being overbought. Volume indicators also show a steady increase, hinting that accumulation is underway ahead of a possible breakout attempt.
Market Sentiment Turns Positive
Investor sentiment toward memecoins has improved in recent days as Bitcoin holds above $120,000 and broader crypto market confidence rises. PENGU’s growing social traction and strong brand recognition continue to play a major role in its price resilience, even during periods of volatility.
With a renewed bullish setup on the charts, rising engagement on social platforms, and analysts calling for $0.10 as the next major target, Pudgy Penguins could soon rejoin the list of top-performing assets in the memecoin sector.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
