PENGU Price Prediction: $0.025 Breakout Looms Amid Meme Rally

TD Sequential Buy Signal Confirms PENGU Trend Reversal

The meme coin market, led by PENGU, is flashing with bullish signals after the notable reversal trend in the market charts. With momentum indicators turning positive, it could soon attempt a recovery toward the $0.024-$0.0255 zone. Analysts suggest that this consolidation period will be the start of an upward cycle and momentum with better technicals and a larger recovery in meme coin sentiment at the core.

Analyst Ali noted that the validated TD Sequential buy signal on the 12-hour chart is a clear sign of a trend reversal. Following a prolonged period of downward pressure, the token set a firm bottom around $0.0216. A series of higher lows and successive higher closes shows the strengthening momentum, which is reflected in the price action as buyers defend support levels.

PENGUUSD 12H CHART | SOURCE: X

The recent uptick confirms market validation, while the TD Sequential indicator has printed its "9" buy signal, suggesting that fresh bullish participation has replaced the bearish bias. The asset could encounter resistance at $0.025, where prior consolidation took place before the most recent correction. If it is unable to sustain buying pressure, a decline toward $0.021 is still possible.

Thus, the general bullish formation indicates that PENGU may shift from an accumulation to a breakout.

Elon Musk's Hype Boosts PENGU's Momentum

Meanwhile, when Elon recently tweeted referring to his dog as the 'CEO of X', the price of Floki Inu went up by 27%, which briefly renewed the desire to buy meme assets. This comeback affected smaller projects such as PENGU as traders started transferring liquidity into low-cap tokens that offered new growth potential.

Moreover, the greater meme coin narrative is functioning, despite stagnation in the past. New interest and inflows bets show that short-term traders are moving back into the space and seeking momentum trades. This optimism could cause subsequent surges of other related tokens, which would allow PENGU to have more retail activity and sentiment trading.

Forward Outlook

PENGU's near-term trend could be determined by the crypto remaining above resistance at $0.021 and regaining the resistance level of $0.025. The token could have a mid-term upswing to higher levels beyond $0.028 if bullish momentum continues. 

PENGU is currently trading at $0.0223 and is holding its position in the recovery phase, as market sentiment is improving across the meme coin market.