Date: Wed, July 02, 2025 | 05:50 AM GMT
The cryptocurrency market has staged an impressive comeback in Q2, with Ethereum (ETH) leading the charge — rallying over 36.5% from a low of $1,385 to now trading near $2,450. This broader bullish sentiment has lifted many altcoins and memecoins — and Pudgy Penguins (PENGU) is emerging as one of the standout performers.
PENGU has already rallied more than 200% in the past 90 days, and now, its chart is flashing a familiar and potentially bullish setup — a fractal pattern that closely mirrors PEPE’s structure before its explosive breakout.
Source: Coinmarketcap
Familiar Fractal Signals Major Rally Ahead
When you compare the charts of PEPE and PENGU, the similarities are striking.
Back in mid-2023, PEPE experienced a steep post-hype drop after launch. What followed was a long period of sideways accumulation inside a blue range. Eventually, once PEPE broke above the horizontal resistance, it went on to rally a jaw-dropping +500% in March 2024.
Now take a closer look at PENGU’s structure on the right side of the chart.
Just like PEPE, PENGU suffered a sharp drop from its late 2024 highs. But in recent months, it has formed a base-building range, again highlighted in blue. Strong support has been repeatedly defended around the orange zone and the 100-day moving average — a setup that closely mirrors PEPE’s structure just before its breakout.
What’s Next for PENGU?
If the PEPE fractal continues to play out on PENGU’s chart, we could be witnessing the early stages of a major breakout.
A continued bounce from the orange zone, followed by a daily close above $0.01751 (top of the blue consolidation zone), could trigger a strong upside move — with potential short- to mid-term targets reaching $0.10 or higher if momentum picks up.
However, traders should stay cautious. While the fractal is promising, confirmation is key. Without a proper breakout above resistance, the range could continue for some time.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
