The Pudgy Penguins token $PENGU has continued its upward momentum, rising nearly 19% in 24 hours to trade around $0.03188. Daily trading volume soared above $495 million, up more than 74%, placing PENGU among the top gainers on CoinMarketCap alongside Pump.fun (PUMP) and Zcash.
With a $2 billion market cap and renewed retail interest, the Pudgy Penguins coin is now becoming one of the most-watched altcoins in early October.
Adoption Expands as PENGU Secures Key Partnerships
Fundamentals are adding strong support to the price action. This week, Pudgy Penguins announced a travel partnership with Swivul, allowing $PENGU to be used for booking hotels, flights, and global experiences.
Additionally, $PENGU can now be deposited directly into Hyperliquid via a LayerZero-powered bridge. These integrations significantly boost token utility and cross-chain accessibility, strengthening long-term adoption.
Pudgy Penguins Price Prediction
Traders are increasingly pointing to bullish structures on both the short and long timeframes, strengthening the case for continued upside in Pudgy Penguins’ token.
Analyst Kamran Asghar has identified a Change of Character (CHOCH) breakout on the 4-hour chart, which signals that market control has shifted from sellers to buyers. This breakout from the recent accumulation zone sets the stage for a near-term push toward the $0.035 and $0.040 resistance levels.
Also, trader KNIGHT highlights a falling channel breakout on the daily chart, a classic continuation pattern that often precedes strong upward moves.
According to Knight’s analysis, if momentum holds, $PENGU could not only test $0.040 but also extend gains toward $0.050 and possibly even $0.060 over the coming weeks.
The PENGU token has been consolidating in a downward channel since its last peak, with a breakout likely to trigger buying pressure and drive valuations higher.
Immediate support for PENGU coin is at $0.028 to $0.030, while resistance levels are $0.035 and $0.040. A close above $0.040 could indicate a trend shift, aiming for $0.05 to $0.06, an 88% increase from current levels and near the all-time high of $0.05738 seen in December 2024.
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