PENGU, the token associated with the Pudgy Penguins NFT brand, has gained roughly 90% from analyst Crypto Patel's entry zone and is now testing a descending resistance line on higher timeframes, with Patel outlining upside targets at $0.015, $0.028, $0.043 and $0.060 and designating $0.0055 as the level that would invalidate the setup. An explicit invalidation line gives the setup a defined boundary that observers can track in real time.

The token was trading near $0.01117 at the time of writing. Separately, analyst Ali Charts has drawn a structural comparison between PENGU and PEPE, mapping PENGU's path against PEPE's early expansion, correction, consolidation and subsequent rally — a style of cycle mapping common in meme-coin analysis, where an earlier token's trajectory serves as a reference rather than a forecast.

PENGU Reaches Higher-Timeframe Resistance

Crypto Patel said PENGU has arrived at the descending higher-timeframe resistance line, noting that a clean break, acceptance and retest could confirm the trendline breakout. The token previously found support near $0.0055, and Patel identified $0.0090 as the confirmed breakout level (source post on X).

PENGU remains about 77% below its macro high in the $0.047-$0.048 range. Patel listed $0.015, $0.028, $0.043 and $0.060 as major upside targets, saying $0.060 would represent roughly 10X from his entry zone. He cautioned that sustained losses below the $0.0055 support would invalidate the setup, and said he prefers to wait for confirmation rather than chase a price candle.

Ali Charts Draws Parallels With PEPE

Ali Charts said PENGU's current structure resembles PEPE's early expansion pattern, a comparison covering explosive attention, a correction from the highs, months of consolidation and a later liquidity-driven rally. PEPE, which launched in 2023 and grew into one of the largest meme coins by market capitalization, serves as the reference point for the comparison. According to Ali Charts, PENGU may now be entering the phase of the cycle in which PEPE began its largest expansion. He described PEPE as Ethereum's meme coin example and suggested PENGU, which launched on Solana in December 2024, as a possible Solana counterpart.

Momentum Cools Near $0.0112

On the 4-hour chart, PENGU has recovered from a September low near $0.0068-$0.0070, forming higher highs and higher lows before breaking above $0.0090 and reaching the $0.0110 area (chart). Price was last around $0.009974, with the latest candle reaching $0.010085 and trading volume at 29.73 million PENGU. Rejection emerged around $0.0110-$0.0112.

The relative strength index reads 63.44 against its 71.50 moving average. While the RSI remains above 50, its decline from above 70 points to weakening momentum. The MACD line sits at 0.000501, below the 0.000538 signal line, and the histogram reads -0.000037, indicating that bearish momentum has begun to emerge.

On levels, $0.0100 remains the key psychological area. Holding it could allow another test of $0.0110-$0.0112, while losing it would expose $0.0090 and $0.0080. With the higher-timeframe trendline also in play, the break-acceptance-retest sequence Patel described remains the confirmation checklist he says he is waiting on.