Pengue analyst Ali Martinez predicts a potential breakout for PENGU, citing a falling wedge pattern on the 12-hour chart as a strong indicator of bullish momentum. The analysis suggests targets of $0.043, $0.053, and $0.065 before reaching the key target of $0.10. This prediction comes alongside PENGU’s recent rally, surpassing $0.027 Fibonacci support level and consolidating near its current price of $0.0357. Notably, trading volume has surged to $1.01 billion, increasing volume-to-market cap ratio to 45.31%. Derivatives activity also increased, reaching $2.50 billion in trading volume, with open interest growing by 30.13% to $421.94 million, suggesting a balanced market between buyers and sellers. Meanwhile, the SEC filings reveal potential institutional investment through a 15% asset allocation for Pudgy Penguins NFTs.