Analysts are bullish on the memecoin, Pudgy Penguins (Pengu), predicting a potential threefold price increase based on a familiar bullish pattern from earlier this year. The token’s market capitalization surged nearly 10% in the last 24 hours, driven by growing anticipation for another breakout as traders capitalize on rising momentum and bullish technical indicators. A prominent crypto analyst, Ali (@ali_charts), has shared a chart demonstrating that Pengu appears to be repeating its previous accumulation pattern, leading to a major rally earlier this year. The analyst predicts a potential target price of $0.10, representing more than triple the current levels. This prediction sparked widespread excitement within the community as social media engagement and anticipation for further bullish movements intensify.