The crypto market’s attention is on a surprising star this week. PENGU coin has increased by over 30% in the past seven days. As social media hype increases and price action indicates further momentum, traders and investors are starting to see PENGU not just as a meme coin. It is becoming a significant cultural phenomenon with genuine global reach.
The rally has caught the attention of crypto analysts following a clear bullish breakout on the daily chart. PENGU recently flipped a key resistance level at $0.00986 into support, following a strong upward impulse in late April. The current consolidation zone seems to be forming a classic bullish pennant. This indicates the potential for a continuation breakout toward the $0.02–$0.022 supply zone. With the price now holding around $0.01477, a move toward this target range could represent another 40% to 50% gain from current levels. One trader summed it up bluntly: “Round 2 on $PENGU is about to full send. Just opened a substantial long position.”
Pudgy Penguins Brand Is Growing
This price action isn’t occurring in a vacuum. The fundamentals behind the Pudgy Penguins brand have never looked stronger. Originally launched as an NFT project in 2021, Pudgy Penguins has since become one of the most recognizable intellectual properties in web3. Their physical toy line has expanded into millions of households globally, giving the brand an undeniable presence.
What is particularly notable is how PENGU is positioning itself in Asia. Community members are already calling it “Asia’s DOGE,” referencing its rise as a culturally-rooted meme coin. Where DOGE once served as the internet’s favorite joke currency, PENGU is emerging as the meme ambassador of the next generation.
PENGU in Line With World Momentum
This momentum comes amid significant global developments. US tech companies such as Google, Oracle, and AMD are set to play important roles. Not only this, but Saudi-based DataVolt alone is expected to invest $20 billion into AI and energy infrastructure within the US. This is part of a new $600 billion deal between the US and Saudi Arabia.Â
Although seemingly unrelated, the link between meme-driven attention economies and large-scale investment in digital infrastructure highlights an important trend. As PENGU capitalizes on web3-native culture, and Saudi Arabia pushes billions into AI and tech, both movements indicate the new shape of global influence.Â
With bullish price patterns, rising adoption, and growing visibility, PENGU may well be entering its next major leg up. Traders are watching closely. The chart, fundamentals, and timing all suggest the momentum may just be getting started.Â
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