Pudgy Penguins

Date:&nbsp;Thu, Oct 02, 2025 | 04:14 AM GMT
As the much-anticipated Q4 kicks off, 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 <a href="https://coinsprobe.com/algorand-algo-bounces-off-key-support-could-this-pattern-trigger-an-upside-breakout/" rel="noopener noreferrer nofollow">altcoins</a> 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.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8b417b60f7834c169cb536b841bd36a7.png">Source: Coinmarketcap
<h3 id="harmonic-pattern-hints-at-potential-upside">Harmonic Pattern Hints at Potential Upside</h3>
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.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e234aaf7c38a4c85bae3b5801e03cddf.png">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.
<h2 id="header-0">What’s Next for PENGU?</h2>
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.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Also Read: <a href="https://coinsprobe.com/internet-computer-icp-flashes-potential-bullish-reversal-setup-will-it-rally-higher/" rel="noopener noreferrer nofollow">Internet Computer (ICP) Flashes Potential Bullish Reversal Setup – Will It Rally Higher?</a>

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

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