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Pudgy Penguins (PENGU) is showing signs of a bullish reversal after a recent pullback, with analysts predicting significant upside potential in September. The token’s technical setup suggests a possible breakout from its current falling channel pattern. Increased trading volume and the launch of a new mobile game are adding fundamental support to the technical outlook.
- PENGU trading in falling channel pattern near 0.786 Fibonacci support at $0.0317, with breakout potential targeting up to $0.191
- New Pudgy Penguins mobile game launched globally August 29th with Web3 features, developed in partnership with Mythical Games
- Trading volume surged 58% to $716 million while open interest declined 5%, indicating increased short-term activity with position scaling
📎 Related coverage from: cryptopotato.com