{"id":91221,"date":"2025-08-26T01:00:57","date_gmt":"2025-08-26T01:00:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91221"},"modified":"2025-08-26T01:00:57","modified_gmt":"2025-08-26T01:00:57","slug":"215-pengu-rally-incoming-analyst-says-token-inches-from-next-leg-up","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91221","title":{"rendered":"215% PENGU Rally Incoming? Analyst Says Token \u2018Inches\u2019 From Next Leg Up"},"content":{"rendered":"

An analyst believes Pudgy Penguins (PENGU) could be close to a big breakout based on this technical analysis (TA) pattern in its 4-hour chart.<\/p>\n

PENGU Has Potentially Been Following A Bull Flag Recently<\/h2>\n

In a new post<\/a> on X, analyst Ali Martinez has shared what could be next for Pudgy Penguins according to a chart pattern. The formation in question is a Bull Flag<\/a>, which is a type of Flag. Flags form whenever the price of an asset experiences a period of consolidation inside a parallel channel<\/a> following an initial sharp move. This starting move is known as the \u2018pole,\u2019 and the channel makes up for the \u2018flag.\u2019<\/p>\n

A Bull Flag occurs when the pole is in the up direction and the flag corresponds to parallel consolidation to a net downside. When the price is trading inside the flag channel, it\u2019s likely to face resistance at the upper line and support at the lower one. A move out of either of these levels can signal a breakout in that direction.<\/p>\n

Bull Flags are assumed to be bullish continuation patterns, so a breakout may be more likely to occur above the resistance line of the parallel channel. Such a breakout is also considered to be of the same length as the pole of the pattern.<\/p>\n

Like the Bull Flag, there is also a formation called the Bear Flag<\/a>. It works much in the same way, except for the fact that the pole and flag are both flipped in orientation. That is, the pole corresponds to a sharp downward move, while the flag represents a phase of consolidation to the upside.<\/p>\n

Now, here is the chart shared by Martinez that shows the Bull Flag that the 4-hour price of PENGU has been trading inside for the past month:<\/p>\n

As displayed in the above graph, PENGU has slowly been descending within the channel of the Bull Flag. The memecoin recently made a retest of the upper level, but it ended up rejected. The asset has since faced a plunge, so it\u2019s uncertain when the next attempt could occur. The longer the coin remains locked inside the channel, however, the likelier an escape could become, whether to the upside or downside.<\/p>\n

In the view of the analyst, Pudgy Penguins is \u201cinches away from a new leg up.\u201d Going by the scale of the pole, a potential bullish breakout could send PENGU to near the $0.10 mark. It only remains to be seen how the cryptocurrency\u2019s price will develop in the coming days and whether a surge above the Bull Flag will occur.<\/p>\n

PENGU Price<\/h2>\n

At the time of writing, Pudgy Penguins is trading around $0.317, down more than 7% over the last 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

An analyst believes Pudgy Penguins (PENGU) could be close to a big breakout based on this technical analysis (TA) pattern in its 4-hour chart. PENGU Has Potentially Been Following A Bull Flag Recently In a new post on X, analyst Ali Martinez has shared what could be next for Pudgy Penguins according to a chart […]<\/p>\n","protected":false},"author":0,"featured_media":91222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91221"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91221"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91222"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}