Pudgy Penguins (PENGU) is potentially set for a 20–30% price move as it nears the end of its consolidation phase after a significant rally.
Technical indicators show an ascending triangle consolidation pattern above key moving averages with decreasing volume, suggesting a possible breakout towards $0.01850 and beyond.
Data indicates a potential short squeeze scenario for PENGU as it approaches a $700K short liquidation zone, with room for a rapid move upwards upon breaking key levels.
With a recent 382% rally, PENGU is testing a crucial resistance level, and bullish order book data supports a potential breakout towards $0.031 if key levels are surpassed.