A bullish technical pattern has come into shape for Pudgy Penguins (Pengu), and analysts point it out as a sign that tokens are ready for the next major move.
In an X post, Crypto analyst Ali Martinez highlighted the formation of the bullish flag pattern Pengu/USD Perpetual Contract 4-Hour chart.
$PENGU is a few inches away from the new legs – then $0.10! pic.twitter.com/dlk4slbors
– Ali (@Ali_Charts) August 25, 2025
The bullish flag shows a potential repetition of history
Martinez's presentation showed that Memecoin tested the upper limit of the formation of the flag. However, he predicted that cryptocurrency momentum suggests a potential break beyond this level, suggesting that the rally would continue until Pengu reached its next target of 0.1.
Related: Ondo, Link, Zora, Pengu: Why This Analyst Choose These Four Altcoins for the 2025 Rally
TradingView data shows Pengu had traded for $0.31 at the time of writing, reflecting a 32% retracement from an all-time high of $0.046, achieved about a month ago. The recent pullback came after Pengu had nearly 500% spinning within a month. Incidentally, the rally was preceded by the formation of a bullish flag, similar to Martinez's latest highlights. Therefore, analysts are predicting potential repetitions of the latest performance of cryptocurrency.
A strong community is behind Pen's growth
While the memecoin, which many analysts consider, does not have utility, Pengu's community engagement is impressive and forms the basis for an increase in recruitment. The project evolved into physical items such as cute penguins with real-world products, like Walmart toys.
Solana Meme Coin has boosted awareness and recruitment through diversification. This includes rewarding holders through staking and other community perks. Its growing state is reflected in the burgeoning interest among netizens, with a viral explosion of over 91 billion viewing that overtakes popular Japanese media franchise Pokémon.
Related: Top 5 Crypto Winners: Are Pengu, Algo, MNT, ENT & CFX set up to continue pumping?
In another notable development, Pudgy Penguins NFT broke another milestone, with Penguin NFT sales reaching an astonishing $9.65 million last week, flipping through the boring Ape Yacht Club (BAYC). Pudgy Penguins has rapidly progressed in status and is trapped in Blue Chip assets at Opensea at NFT floor price of 10.53 ETH at Opensea.
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