- PENGU has surged over 148% in the past month, benefiting from broader crypto market recovery led by Ethereum's 56% monthly gain.
- Technical analysis reveals a 'Power of 3' pattern forming, with PENGU completing accumulation and manipulation phases between May 8-16.
- The token experienced a classic shakeout move on May 16, dropping to $0.0118 before rebounding, suggesting smart money accumulation.
- If the expansion phase triggers, PENGU could target $0.02145, representing approximately 65% upside from current levels near $0.013.
Date: Wed, May 21, 2025 | 06:10 AM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks, with Ethereum (ETH) continuing to lead the charge. ETH has surged more than 56% in the past month and is now trading near $2,600 — a level not seen since late February. This bullish momentum is uplifting sentiment across memecoins, including Pudgy Penguins (PENGU).
PENGU has posted impressive monthly gains of over 148%, and now a potential emerging technical structure could be the key to decoding its next move.
Power of 3 in Play
Looking at PENGU’s 4-hour chart, a textbook “Power of 3” setup seems to be unfolding — a pattern that typically plays out in three phases: accumulation, manipulation, and expansion.
Accumulation Phase
From around May 8 to May 16, PENGU traded sideways in a defined range between ~$0.013 and ~$0.017. This phase is characterized by low volatility and consolidation, hinting at large players gradually building positions.
Manipulation Phase
On May 16, the price sharply broke below the accumulation range, dipping to ~$0.0118. This sudden drop likely triggered stop-losses from retail traders — a classic shakeout move. But instead of following through, PENGU quickly rebounded, suggesting that this move was engineered to accumulate more liquidity before a breakout — typical “smart money” behavior.
Currently, PENGU is stabilizing just under the $0.013 resistance zone — the same level that marked the bottom of the previous range. Price is consolidating in a tight red box, signaling the market is possibly coiling up for a strong breakout.
Key Targets and Potential Move
If the expansion phase plays out as expected, the first key resistance lies at $0.017, the high of the previous range. Reclaiming this level would confirm a full recovery from the prior manipulation drop and suggest strong bullish intent.
The measured move target, based on the height of the previous range, points toward $0.02145. This would represent an approximate 65 percent upside from the current price.
Final Thoughts
Pudgy Penguins (PENGU) is at a critical technical junction. The “Power of 3” structure is lining up perfectly, with the current price action hinting at an imminent breakout. If bulls can push past the $0.013 level and reclaim $0.017, we could see PENGU explode toward the $0.0214 mark in the coming days.
Still, broader market dynamics matter — especially Ethereum. Continued ETH strength would likely provide the tailwind needed for memecoins like PENGU to thrive.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
