Based on CoinsProbe, Pudgy Penguins (PENGU) has surged over 10% in the past 24 hours, following a broader crypto market rally. The token appears to be forming a rounding bottom pattern on the daily chart, a classic bullish reversal setup. PENGU fell from $0.01650 to a low of $0.009343 before stabilizing and trading at $0.01247. A breakout above the 50-day moving average at $0.01441 and the neckline at $0.01650 could confirm the bullish continuation. Failure to reclaim the 50-day MA may lead to short-term pullback, but the broader bottoming structure remains intact.
Pudgy Penguins (PENGU) Shows Rounding Bottom Pattern, Suggesting Potential Bullish Continuation
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