Date: Mon, Sept 08, 2025 | 07:50 AM GMT
The cryptocurrency market is showing strength as Ethereum (ETH) holds resilient near the $4,300 level after retreating from its recent high of $4,953. Following this, several altcoins are beginning to display bullish setups — including Pudgy Penguins (PENGU).
PENGU is trading back in the green today with an 8% jump, and more importantly, its latest chart is drawing attention as it begins to flash a bullish fractal setup that mirrors its own massive rally earlier this year.
Source: Coinmarketcap
Fractal Setup Hints at a Bullish Breakout
On the daily chart, PENGU is forming a structure nearly identical to the June 2025 breakout fractal.
Back then, PENGU broke out of a bullish flag pattern alongside an RSI breakout and reclaimed its 50-day moving average (MA). That confirmation triggered a wave of strong buying momentum, ultimately fueling a 367% rally within weeks.
PENGU Daily Chart/Coinsprobe (Source: Tradingview)
Fast forward to now — PENGU has once again made an RSI breakout, shaped a bullish flag, and is testing the upper resistance trendline. The token is also hovering just below the 50-day MA at $0.0343, making this a pivotal zone to watch.
The similarity between the two structures suggests that history may be preparing to repeat itself.
What’s Next for PENGU?
For the bullish case to remain valid, PENGU needs to break out of the flag and reclaim the 50-day MA. Doing so would signal strong buyer conviction and could spark another leg higher, potentially targeting the $0.10 zone in the weeks ahead.
However, until that confirmation arrives, further sideways consolidation within the flag cannot be ruled out.
