Pudgy Penguins (PENGU) Eyes Breakout Above $0.0376

Pudgy Penguins (PENGU) shows signs of a bullish rebound, with its price rallying 17% this past week to reach a new high above the $0.031 level. Analysts attribute this strong buying pressure to expanding decentralized finance applications and increased interest from institutional investors. The next key milestone is likely a breakout above the resistance at $0.0376, which would signal a potential move toward the target price of $0.10. However, momentum will need to remain above the critical support level of $0.03398 and volume confirmation is needed for sustained upward movement.