Pudgy Penguins (PENGU) price prediction: Market enthusiasm reignites, with potential rise up to 40%.

Pudgy Penguins (PENGU) Token has successfully broken away from a long-term downtrend, recording a double-digit rise in just 24 hours, reigniting market enthusiasm. This price breakthrough is driven by a surge in volume and an increase in community confidence, with analysts suggesting this could be the start of a larger-scale pump. Supported by multiple bullish technical signals, PENGU is expected to move towards a new high of $0.050.

Technical Analysis: Multiple Bullish Signals Emerge

The price trend of PENGU has recently shown strong bullish signals:

• Downtrend Breakout: After a period of consolidation and downward pressure, the PENGU price has cleanly broken through its downtrend line. This technical breakout usually indicates that buyers are regaining control and clearing the way for price rises. With a significant rebound in volume, the validity of this breakout is further confirmed.
• "Golden Cross" Signal: Analyst Jesse Peralta pointed out that PENGU's 50-day moving average (MA) is about to cross above its 200-day moving average, forming a "Golden Cross" pattern. This is a highly watched long-term bullish signal, indicating that the long-term momentum of PENGU is shifting. Although the signal has not yet been confirmed, the market has reacted positively in advance.
• Bullish pattern and price prediction: On the daily chart, PENGU has confirmed a breakout from its falling wedge structure. This pattern typically indicates a strong trend reversal. Based on the Fibonacci retracement levels, its recent price target could be between $0.045 and $0.048. Combined with market momentum, PENGU has the potential to achieve a rise of 30% to 40%, and the extended target may even reach $0.050.

Community Sentiment: The Undervalued Meme Coin Narrative

The pump of Pudgy Penguins largely relies on the strong community belief and narrative-driven behind it.

• "Undervalued" Argument: Within the Meme coin community, a viewpoint is widely circulating that PENGU is still undervalued compared to other similar tokens. Well-known community opinion leaders like CryptoKaleo remind community members that PENGU's price is still far below its historical high, providing ample pump potential for long-term holders.
• Belief Cohesion: This "underestimated" narrative is attracting new buyers and boosting the confidence of existing holders. This allows Pengu to maintain key support levels during this correction and provides a solid foundation for each rise. The community consensus is that this rise is not just a temporary rebound, but a step towards returning to or even surpassing historical highs.

Conclusion

The recent rise of Pudgy Penguins is the result of a combination of technical breakthroughs and community sentiment. Clean and neat chart patterns, an impending "golden cross," and strong community belief have all created favorable conditions for the price pump of PENGU. However, as a Meme coin, its trends still largely depend on market sentiment and social media narratives, so investors should remain cautious even while feeling optimistic.