Pengu Price Prediction: PENGU Flips Dogecoin in Volume – 200% Breakout Could Be Just Days Away

Key Points

1. Pudgy Penguins recorded over $96.7 million in 24-hour trading volume on Upbit, overtaking Dogecoin.

2. Analyst Cas Abbé highlights a textbook Elliott Wave setup, suggesting PENGU could reach a Wave 5 target of $0.117, a 65% gain.

3. A symmetrical triangle pattern and RSI levels indicate a potential Wave 4 bottom, with a breakout possibly leading to a 67% gain.

4. A 200% gain for PENGU may depend on catalysts like a spot ETF approval, while low-cap coins like Ana and Snorter ($SNORT) show higher short-term gains.

5. The market is also influenced by broader factors such as the June 30 FOMC meeting and potential rate cuts.