- PENGU price eyes $0.076 after breaking out from a bullish flag on the 12-hour chart.
- Strategic partnership with Sharps Technology links Pudgy Penguins to the Solana ecosystem.
- Technicals show higher lows, bullish MACD, and a completed cup-and-handle formation.
Pudgy Penguins (PENGU) is gaining strong momentum after breaking out of a bullish pattern. With rising volume, key partnerships, and bullish technicals, PENGU is flashing signals of a potential major rally ahead.
Bullish Breakout Confirms Momentum Shift
$PENGU has officially broken out of a bullish flag formation, setting its sights on $0.076. The breakout occurred following a clean falling wedge breakout—a bullish signal backed by volume and price acceleration.Analyst Ali Martinex on X highlighted this occurrence on a 12 hour chart.
After weeks of descending price action inside the wedge, the token flipped above the 0.5 Fibonacci level (~$0.03584). The token is now hovering near the 0.618 Fib zone (~$0.03814), often seen as a key decision point for continuation or pullback.
If bulls maintain pressure, PENGU could target the 1.0 Fib extension at ~$0.04662 and potentially stretch to 2.0 (~$0.07888), completing a larger cup-and-handle structure on the higher timeframes.
Technical indicators confirm the strength: the MACD is bullish, the Ichimoku conversion line has crossed above the baseline, and TD Sequential has flashed a “9” candle—a sign of trend reversal.
Strategic Solana Deal Adds Institutional Fuel
On the fundamental side, Pudgy Penguins is gaining exposure to Solana through a new partnership with Sharps Technology (NASDAQ: STSS). STSS announced a strategic integration with PENGU to expand its access to Solana’s treasury infrastructure.
The partnership has triggered excitement in both crypto and traditional markets, signaling growing institutional interest in the Pudgy Penguins brand. Analysts view the move as a pivotal bridge between meme culture and regulated financial platforms.
The announcement came alongside a significant surge in PENGU’s trading volume, which jumped 57.57% to $674.18 million.The token rallied 26% over the past week alone, and as at press time, it trades around $0.03674 with a market cap of $2.3 billion.
Market Structure and Q4 Outlook
The broader crypto market remains neutral, with the Fear and Greed Index holding steady at 50. However altcoins like PENGU are showing stronger upside moves.Liquidity data from Coinglass shows $1.7 million in PENGU liquidations over 24 hours, with pressure points now forming above $0.0385.
In addition to the technical breakout, the token is completing three distinct bullish patterns across timeframes—including a massive cup and handle.Market watchers are calling Q4 a potentially explosive phase for Pudgy Penguins.
