PENGU Poised for Breakout as Ali Martinez Predicts $0.24 and $0.70 Targets, Tracking PEPE’s Historic Rally
PENGU continues to show signs of sustained bullish momentum, with price action steadily climbing and market structure leaning in favor of buyers.
The meme coin’s short-term trend remains above its medium-term average, signaling that bullish sentiment is firmly in place. Momentum oscillators indicate steady buying pressure without overbought extremes, leaving room for further upside.
Adding fuel to the excitement, renowned crypto analyst Ali Martinez recently noted that PENGU is still tracking PEPE’s historical price action. If the pattern continues, Martinez sees potential long-term targets at $0.24 and $0.70 — a projection that, if realized, would mark a staggering multi-hundred-percent rally from current levels.
Technical Levels and Market Structure
On the charts, immediate resistance lies between $0.04200 and $0.04313. The order book reveals a large ask wall at $0.04200, which could stall momentum temporarily. A decisive break above it may open the path toward $0.04300 and beyond, potentially setting the stage for the kind of move Martinez is eyeing in the bigger picture.
Daily chart for PENGU/USD (Source: GeckoTerminal)
Support levels remain solid, with significant bid walls at $0.04101, $0.04079, and $0.04054 helping to cushion the PENGU price against aggressive pullbacks. A breakdown below these levels could shift focus to the deeper supports at $0.03326 and $0.03136.
PENGU Order Book Dynamics and Trading Outlook
Order flow shows concentrated selling pressure at $0.04200, with over 12.7 million units in asks — clearing this wall could trigger a swift 1.5% rally to the next resistance. Breaking $0.04300 could extend gains toward the higher resistance range, aligning with the near-term bullish setup.
For traders, a breakout above $0.04200 with volume confirmation could be a clean long entry, with partial profit-taking near $0.04313. Short opportunities may arise if the PENGU price rejects sharply from resistance, targeting the $0.04079 and $0.04054 zones. Long-term investors, however, may take Martinez’s $0.24 and $0.70 projections into account when considering accumulation zones.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
