Pudgy Penguins mimics PEPE’s 2024 pattern: Can PENGU breakout beyond $0.025?

Key Points

1. PENGU has surged over 50% in the past week, reclaiming mid-May levels and defying sector-wide weakness.

2. The rally mirrors Bitcoin’s price structure, including a 52% retrace from its May high before a strong V-shaped recovery, indicating real structural flows rather than just FOMO.

3. Analysts note a striking similarity between PENGU’s current setup and PEPE’s 2024 breakout pattern, which saw a 300% rise after consolidation.

4. If the pattern holds, PENGU could target $0.025, $0.043, and potentially $0.19 in the future.

5. The PENGU/BTC pair posted its most bullish weekly close with a 62% surge, highlighting strong relative strength.