Pudgy Penguins (PENGU) Flips BAYC in Sales Volume as Token Forms Major Bull Flag

• PENGU is technically well-positioned for another phase in an upward movement.
• A crypto analyst thinks PENGU will surge to a $0.1 target soon.
• Community engagement is fundamental to PENGU’s growth.

A bullish technical pattern is taking shape for Pudgy Penguins (PENGU), and analysts are pointing to it as a sign the token is ready for its next major move. 

In a post on X, crypto analyst Ali Martinez highlighted the formation of a bullish flag pattern PENGU/USD perpetual contract 4-hour chart.

A bullish flag signals a potential repeat of history

Martinez’s presentation showed that the meme coin has tested the upper limit of the flag formation, which represents a downward trendline, multiple times. However, he predicted that the cryptocurrency’s momentum suggests a potential break above this level, and a continuation of the rally until PENGU reaches its next target of $0.1. 

Related: ONDO, LINK, ZORA, PENGU: Why This Analyst’ Chose These 4 Altcoins for 2025 Rally

Data from TradingView shows that PENGU traded at $0.31 at the…

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