news 
Pudgy Penguins mimics PEPE’s 2024 pattern: Can PENGU breakout beyond $0.025?
As the crypto market struggles to maintain a stable footing, it’s reassuring to see some tokens bucking the trend and forging their own paths. And one such token that has caught attention is Pudgy Penguins [PENGU]. In an intriguing turn of events, PENGU has been mirroring PEPE’s 2024 pattern, leading some to speculate on a potential breakout beyond $0.025.
The comparison between the two charts reveals striking similarities, with both tokens experiencing a steep decline before finding their footing and now pushing back up. It’s worth noting that PEPE went on to see massive gains in the aftermath of its similar rally, exceeding 300% returns. If PENGU follows a similar script, investors could be looking at targets like $0.025, $0.043, and even a stretch to $0.19 down the line.
One key difference between the two charts is the speed and conviction with which PENGU has bounced back. This suggests that there may be more buyers stepping in at current levels than there were for PEPE during its similar rally. In fact, the token’s 50%+ weekly gain far surpasses anything seen since the start of the year.
While the chart comparison is certainly intriguing, it’s important to note that past performance is not necessarily indicative of future success. Nonetheless, traders are likely thrilled by this development and will be eagerly watching for any further signs of momentum.
Source: ambcrypto.com
