Analyst Says Pudgy Penguin (PENGU) Could Pump 30% If This Key Level Breaks

Analyst Says Pudgy Penguin (PENGU) Could Pump 30% If This Key Level Breaks
фото показано с : captainaltcoin.com

2026-4-23 22:00

The PENGU price has been crushed since its launch, falling from highs near $0.09 to current levels around $0.0086. That is a 90% drop. Most traders have written it off as another dead meme coin. 

But crypto analyst Fuel says PENGU is ready to demolish every bear out there and prove who is the king of all memecoins.Crypto Tony is more measured but still bullish. He says if PENGU flips that level we are against now, we pump 30% minimum. Pay attention. The PENGU price is at a decision point. The next move could be violent.

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What the PENGU Weekly and Daily Chart Are Showing

We had a look at the PENGU weekly chart shared by Fuel. The PENGU price is trading near $0.00865, a fraction of its all time high near $0.09. The chart shows a long downtrend from the peak, with lower highs and lower lows. 

But selling appears to be slowing down. The PENGU price has been consolidating between $0.005 and $0.009 for several weeks. That is the base. The accumulation zone is forming. The volume has dried up, which is typical for a bottoming process.

Source: X/@FuelKek

The chart also shows a clear resistance level near $0.009 to $0.01. That is the level Tony is watching. A break above that would flip the weekly structure from bearish to neutral, and a 30% pump would be the first target. The next target would be $0.015 to $0.02.

The daily chart from Tony shows the PENGU price at $0.008643, up 5.20% on the session. The resistance level is clearly marked near $0.0088 to $0.0090. The PENGU price is knocking on that door. A daily close above $0.009 would confirm the breakout and trigger the 30% move toward $0.0117. The support below sits at $0.0080, then $0.0075, then $0.0070.

Source: X/@CryptoTony

The PENGU price has been forming higher lows since the March low near $0.005. That is a bullish sign. The momentum is slowly shifting from sellers to buyers.

The Catalysts That Could Ignite the Breakout

The biggest catalyst on the horizon is the pending SEC decision on the Canary PENGU ETF. Approval would mark a historic first, giving institutional investors regulated exposure to a meme coin and NFT combo. That would be a massive bullish catalyst. 

The Pudgy Party mobile game achieved 500,000 downloads in two weeks after its global launch in August 2025. Partnerships with NASCAR, Lufthansa’s Miles & More program, and retail expansion into Walmart are also creating real utility. That is not nothing. That is a brand being built.

The risks are real too. Original Penguin sued Pudgy Penguins for trademark infringement in March 2026. That lawsuit is pending. A negative ruling could force rebranding and damage the brand. But the market is forward looking. If the ETF is approved, the PENGU price could re-rate significantly higher.

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Where the PENGU Price Goes From Here

The PENGU price is at $0.00865. The key level is $0.009. A daily close above that triggers a 30% pump to $0.0117. The next targets are $0.015, then $0.02, then the all time high near $0.09. 

The downside risk is a break below $0.0080, which would put $0.0075 and then $0.0070 in play. Fuel says current prices are a gift. Tony says watch the level. The PENGU price is about to decide. The bears are about to get demolished, or the bulls are about to get burned. 

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The post Analyst Says Pudgy Penguin (PENGU) Could Pump 30% If This Key Level Breaks appeared first on CaptainAltcoin.

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