The fear and greed index for $PENGU shows a shift toward buying interest as the TD Sequential '9' signal appears on the 4-hour chart. On-chain data suggests a breakout above $0.0138 could push the token toward $0.0204, supported by wedge and inverted head-and-shoulders patterns. The Pudgy Penguins project, backed by NHL partnerships and 300B+ views, continues to fuel bullish sentiment among traders.
Pudgy Penguins ecosystem momentum with 300B+ views, NHL partnerships, and SBT drops fuel community bullishness.
The ever-volatile world of meme coins, $PENGU—the native token of the Pudgy Penguins ecosystem—has caught the attention of traders with a fresh technical signal that could herald a significant price move. Launched on Solana, Pudgy Penguins has evolved from a popular NFT collection into a broader Web3 brand, boasting digital collectibles, merchandise, and partnerships that have amassed over 300 billion views across platforms. Despite hitting an all-time high of $0.068 shortly after launch, the token has faced a prolonged downtrend, trading around $0.012 as of January 17, 2026, with a market cap hovering near $760 million.
Key Resistance Defines Breakout
Renowned crypto analyst Ali Charts recently highlighted a TD Sequential buy signal on the 4-hour chart for $PENGU. The TD Sequential, a momentum-based indicator developed by Tom DeMark, counts a series of candles to identify potential exhaustion points in trends. In this case, the chart shows a countdown culminating in a ‘9’—a classic buy setup—amidst a series of declining candles labeled with numbers like 15 and 16, and price points dipping from $0.0130 to $0.0120. A downward-pointing triangle on the chart underscores recent bearish pressure, but the buy signal suggests buyers may be stepping in.
Ali Charts emphasized that clearing the $0.0138 resistance—a key trigger level identified in prior analysis—could ignite a bullish breakout, aiming for $0.0204. This aligns with broader market sentiment, where $PENGU has already rallied over 50% from recent lows, breaking out of a falling wedge pattern as noted by analysts like Elite Crypto and CRG. Posts on X highlight potential inverted head-and-shoulders formations on daily charts and reclaims of key EMAs, with some predicting targets up to $0.035 if Bitcoin remains stable above $95,000.
Pattern Confirmations Align
The Pudgy Penguins brand continues to fuel optimism. With real-world integrations like the NHL Winter Classic partnership and ongoing SBT drops, the project stands out in a crowded meme coin space. However, risks remain: meme tokens are highly speculative, and a failure to hold above $0.0119 could invalidate the setup, leading to further downside. Broader market conditions, including Bitcoin’s softness, add caution.
For investors, this signal represents a high-reward opportunity if the breakout materializes. As one X user put it, “Breakouts look boring before they look obvious.” With sentiment at 85% bullish and volume surging, $PENGU might just waddle its way back to prominence. Always DYOR and consider the inherent volatility of crypto markets.
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