Pudgy Penguins: When Memecoins Get Their Own Morning Star 🌟

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Pudgy Penguins is back in the limelight, folks! After a few days of being a bit of a wallflower, it’s finally getting its groove back. 🕺 The memecoin is holding strong above its $0.028 to $0.030 support zone, and guess what? It’s got some serious technical setups suggesting the bulls might just be ready to take over. 💪

TD Sequential Says “Buy, Baby, Buy!”

Ali Martinez dropped some hot takes, sharing that the TD Sequential indicator is flashing a fresh buy signal on Pudgy Penguins’ daily chart after a nine-count downtrend. Translation: the bears are tired, and the bulls are ready to charge. 🐂

The price action shows PENGU consolidating near the $0.028 to $0.030 support area, with those pesky wicks rejecting any further downside. It’s like the buyers are saying, “Not today, Satan!” 🙅‍♂️ If momentum picks up, we’re looking at an immediate upside target around $0.035. Holding above $0.028 is crucial, and a sustained move higher could mean a bullish short-term reversal. 🚀

Morning Star Pattern Points to $0.048

Jesse Peralta spotted a Morning Star pattern forming on Pudgy Penguins, a classic candlestick reversal that often marks the end of a downtrend. This beauty appeared right at the $0.028 to $0.030 support zone, which is like a fortress for our little penguin friends. 🦔

This setup puts $0.048 firmly in the crosshairs, aligning with previous resistance levels. Strong volume follow-through would really seal the deal, but we need to see sustained closes above $0.033 to confirm the strength. If momentum holds, the Morning Star could signal the start of a broader recovery. 🌱

PENGU Soaring Higher Than a Snowball in Hell

Recovering with style, Pudgy Penguins’ token PENGU is showing some serious relative strength, climbing over 9% in the last 24 hours. That’s more than DOGE, SHIB, and PEPE combined! 🚀 At $0.032, PENGU is one of the day’s best-performing memecoins, thanks to steady liquidity and growing market attention. This breakout comes after weeks of consolidation near the $0.028 support zone, which now looks like a solid demand base. 🏭

Pudgy Penguins Price Prediction: Déjà Vu All Over Again

Pudgy Penguins is mirroring the setup from June and July, right before its last explosive rally. The current structure shows PENGU pressing higher off the $0.032 zone, forming breakout continuations. The chart points to a clean projection toward higher resistance levels around $0.05 and beyond. 📈 This kind of pattern often means traders are recognizing familiar accumulation-to-breakout behaviors, hinting at building momentum.

Analyst Kaleo noted that the consolidation and breakout structure is nearly identical to the earlier move, suggesting PENGU might be gearing up for another major leg higher towards $0.070 to $0.080 levels. For now, holding above $0.030 is key for Pudgy Penguins. 🗝️

Community Power: The Secret Sauce

Even with a small correction, Pudgy Penguins continues to draw strong attention, with community-driven momentum being its biggest strength. Analyst Olking emphasized that PENGU is “built different, organic, with pure community power,” making every pullback feel more like an opportunity than a threat. The last major rejection came from the $0.046 region, so $0.05 is a natural psychological target once momentum returns. 🎯

Final Thoughts: Is Recovery on the Horizon?

Pudgy Penguins has shown resilience by defending its $0.028 to $0.030 support zone, with both the TD Sequential and Morning Star setups flashing early reversal signals. The community-driven backing adds a unique layer of conviction, turning every pullback into a buying opportunity. 🛍️ If buyers can keep the momentum going, reclaiming $0.033 could pave the way towards $0.048 and even a retest of the $0.05 barrier. 🚀

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2025-08-21 23:45