PENGU is accumulating and preparing to retest the $0.0450 resistance level, fueled by its recent listing on Arkham Exchange. This could just be the start, as strong fundamentals suggest the potential for a rally exceeding 1,000% this cycle.
Pudgy Penguin has gained 5% in the last 24 hours, currently trading at $0.0404. After dropping to $0.0312 and staying below the EMA20 for several days, the memecoin has bounced back and is now firmly holding above this key moving average, indicating an accumulation phase.
This sets the stage for a possible retest of the $0.0450 resistance, where PENGU previously peaked. The new catalyst — the Arkham Exchange listing for both spot and perpetual contracts — adds momentum, raising the chances of a breakout to fresh highs.
Crypto analyst Ali Martinez highlights that PENGU is developing a classic cup-and-handle pattern, signaling a technical setup poised for a breakout toward $0.082. Supporting this, the fundamentals are strengthening, especially with a PENGU ETF filing currently under review by the SEC.
PENGU to the moon
Alongside the ETF push, Pudgy Penguins has quietly launched a new growth strategy. According to CEO Luca Netz, the project is now taking equity stakes in promising Web3 companies and, in return, mobilizing Pudgy Penguins’ community to help drive those projects forward.
Luca envisions this model growing into a $100 million-a-year business, creating a powerful feedback loop where each new partnership not only strengthens the project but also broadens PENGU’s reach and influence.
With the memecoin still trading about 30% below its all-time high, this may be just the beginning for PENGU. According to Ali Martinez, PENGU’s price action continues to closely mirror PEPE’s explosive rally. If this pattern holds, upside targets could extend well beyond $0.082—potentially reaching $0.24 and even $0.70. From current levels, these would translate to gains of approximately 494% and 1,632%, respectively.
