Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Pudgy Penguins (PENGU) To Soar Higher? Key Harmonic Structure Hints at Potential Upside Move

Pudgy Penguins (PENGU) To Soar Higher? Key Harmonic Structure Hints at Potential Upside Move

CoinsProbeCoinsProbe2025/10/02 04:36
By:Nilesh Hembade

Date: Thu, Oct 02, 2025 | 04:14 AM GMT

As the much-anticipated Q4 kicks off today, the cryptocurrency market is showing strength as both Bitcoin (BTC) and Ethereum (ETH) surged over 3% and 5% in the past 24 hours. Riding this momentum, several altcoins are flashing bullish signals — and Pudgy Penguins (PENGU) is one of them.

PENGU is back on the bullish track with 14% gains, and more importantly, its price chart is signaling a harmonic structure that could point to further upside in the near term.

Pudgy Penguins (PENGU) To Soar Higher? Key Harmonic Structure Hints at Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Upside

On the daily chart, PENGU is forming a Bearish Cypher harmonic pattern. Despite the bearish label, this setup often delivers a strong CD leg rally before the price action nears its Potential Reversal Zone (PRZ).

The structure began at Point X ($0.046600), corrected to Point A, rebounded to Point B, and then sharply dropped to Point C ($0.026240). Since then, PENGU has bounced strongly, reclaiming its 200-day moving average (MA) and is now trading near $0.03174, showing notable resilience.

Pudgy Penguins (PENGU) To Soar Higher? Key Harmonic Structure Hints at Potential Upside Move image 1 Pudgy Penguins (PENGU) Daily Chart/Coinsprobe (Source: Tradingview)

The immediate resistance to watch is the 50-day MA at $0.03186. A sustained breakout above this level would confirm bullish momentum and set the stage for higher moves.

What’s Next for PENGU?

If bulls manage to reclaim the 50-day MA, the CD leg could extend toward the PRZ between $0.04253 (0.786 Fibonacci extension) and $0.04660 (1.0 extension). These levels are critical upside targets, as they often mark the completion of the cypher pattern.

On the flip side, PENGU must hold support near the 200-day MA ($0.03014). A breakdown below this level could invalidate the harmonic structure and weaken the bullish case.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".

The Federal Reserve has stopped its balance sheet reduction, marking the end of the "quantitative tightening" era. The much-watched RMP (Reserve Management Purchases) could initiate a new round of balance sheet expansion, potentially injecting a net increase of $20 billion in liquidity each month.

ForesightNews2025/12/04 13:11
Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".

Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun

Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "front-running" controversy, has now reconciled with CZ and jointly launched a new prediction platform, predict.fun.

BlockBeats2025/12/04 12:35
Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun

Why is it said that prediction markets are really not gambling platforms?

The fundamental difference between prediction markets and gambling lies not in gameplay, but in mechanisms, participants, purposes, and regulatory logic—the capital is betting on the next generation of "event derivatives markets," not simply rebranded gambling.

BlockBeats2025/12/04 12:35
Why is it said that prediction markets are really not gambling platforms?

2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?

Has a year passed already? Have those predictions from back then all come true?

BlockBeats2025/12/04 11:14
2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?
© 2025 Bitget