Analyst Predicts Pudgy Penguins (PENGU) Nearing Potential 215% Rally
An analyst suggests that Pudgy Penguins (PENGU) may be near a breakout based on its 4-hour chart pattern.
PENGU Bull Flag Analysis
- Pudgy Penguins has been following a Bull Flag pattern, indicating potential bullish continuation.
- A Bull Flag features a price consolidation within a parallel channel after an initial upward movement.
- Resistance is at the upper line and support at the lower line of the channel.
- A breakout above the resistance could lead to a price increase, potentially targeting $0.10 based on the pole's length.
- The asset recently retested the upper level but faced rejection, leading to a current decline.
- The longer PENGU remains in the channel, the higher the likelihood of a breakout.
PENGU Current Price
Pudgy Penguins is currently trading at approximately $0.317, down over 7% in the last 24 hours.
