The price of the Puddy Penguins meme coin, PENGU, has skyrocketed over 800% since April, signaling a major rally that may not be finished yet. According to analyst Ali, this recent surge is likely fueled by expanding DeFi applications and increasing institutional investments. He cites a bullish flag pattern on his chart, suggesting the next price jump could be significant. This formation indicates a consolidation phase after PENGU’s explosive growth, with the token now trading within converging trendlines forming a triangular shape, which can act as a launchpad for further gains if buyers regain control. Ali’s analysis predicts potential upside targets of $0.055, $0.066, and even above $0.07 if momentum builds strongly.