Pudgy Penguins (PENGU): Technical Analysis Suggests Potential Upside

The cryptocurrency market has experienced a resurgence in recent weeks, with Bitcoin hitting a fresh all-time high of $111,861 and Ethereum seeing impressive monthly gains of 65%. This positive trend is translating to memecoins like Pudgy Penguins (PENGU), which have seen jaw-dropping monthly gains exceeding 189%. A technical analysis suggests that this upward momentum may continue with a potentially significant price surge.