Pudgy Penguins (PENGU) price prediction: Trend breakout opens bullish momentum, long positions climb close to resistance level.

Today (4th) in the European morning, Pudgy Penguins (PENGU) continues the upward trend this week, currently reported at 0.016 USD, having risen over 8% on both the daily chart and the 4-hour chart. The Token is currently operating within the resistance zone between 0.0175 USD and 0.020 USD, with traders waiting to see if it will break through or if a pullback will occur.

The momentum has undoubtedly changed. After months of sideways consolidation and the long-term downtrend that started earlier this year, the price of PENGU finally broke through the key descending trend line at the end of June.

That breakout triggered a pullback, and now the biggest question is whether this momentum can drive the price into the next round of pump.

PENGU Trend Breakthrough Opens Bullish Momentum

According to Captain Altcoin, the price of PENGU has been in a downtrend for most of 2025 on the daily chart. This situation changed at the end of June, when it strongly broke through the downtrend.

Afterwards, with the increase in trading volume and the consecutive bullish candles, the price has been steadily rising. Currently, the trading price of the Token has broken through its 200 daily moving average, which may indicate that a long-term trend reversal is imminent.

But the real test is yet to come: if Pudgy Penguins can break through the 0.020 USD area, the pump may continue.

(PENGU daily chart, Source: Trading View)

PENGU 4 hour chart shows steady ascent, but resistance level is approaching

Looking closely, the 4-hour chart clearly shows an upward trend. The PENGU price has been on an uptrend line since around June 27, continuously setting new highs and lows.

It also remains above the 200-period SMA at $0.0107, confirming that the short-term momentum is still favorable for the bulls.

But the current price is hitting the red resistance zone. If buyers can break through the volume at $0.019, the next possible target price is between $0.022 and $0.024. If it fails to break through, we may see some sideways consolidation or a pullback.

(PENGU 4 hour chart, source: Trading View)

RSI signal is strong, but there are also some cautions

The relative strength index (RSI) on both charts for PENGU is in the overbought territory, with the daily chart at 75.56 and the 4-hour chart at 70.81. This is good, but it also means that the market may be slightly overheated in the short term.

A bearish divergence appears on the 4-hour chart, with the price making new highs while the RSI hits new lows. This is often an early warning signal that momentum may be weakening, even as the price continues to rise.

What to look at next?

If the PENGU price fails to break through the resistance level, it may trigger support levels ranging from $0.012 to $0.013 or even as low as $0.010.

These markets have performed well in the past; if the market cools down, they may sell off again. Currently, the structure still looks bullish, but this resistance test may be a crucial moment for success or failure.

Traders will closely watch whether this pump has further momentum or if a pullback is needed.