PENGU Price Prediction (Aug 5-11): Can the Meme Coin Rally 30x?

The Pudgy Penguins project started as a quirky NFT collection in 2021 and quickly made a name for itself.

In 2025, it has transformed into something bigger with its native token, PENGU, becoming a topic of interest among crypto traders.

This week, between August 5 to 11, many are asking one big question: can PENGU really rally 30x in such a short time?

Let’s look at what’s going on with PENGU’s price, where it might be headed, and whether the buzz around this meme coin is backed by real momentum.

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Key Takeaways

1. PENGU is currently trading near $0.035, with bullish signs on technical charts.

2. Resistance is seen around $0.04, while support holds near $0.03.

3. If buying pressure builds, PENGU could break out, but volatility remains high.

What Is PENGU and Why Is It Gaining Attention?

PENGU is the native token behind Pudgy Penguins, a well-known NFT project that began with 8,888 cartoon penguins and grew into a broader digital brand.

Originally launched as NFTs in 2021, Pudgy Penguins sold out quickly and soon became a recognizable name in the NFT space, even landing a New York Times cover story.

The project went through ups and downs, including internal disputes and a leadership change in early 2022.

Since then, the brand has expanded into toys, Web3 initiatives, and now, cryptocurrency. PENGU is the token at the center of this evolution. It fuels the project’s ecosystem and helps drive user engagement.

As of early August 2025, PENGU is priced at around $0.035, with a market cap of over $2.2 billion and significant trading volume.

What makes PENGU particularly interesting is its strong community and the branding muscle of Pudgy Penguins.

The token is gaining traction as more investors view it as a playful but potentially valuable addition to their portfolio.

Its link to popular NFT culture adds to its appeal, making it one of the more entertaining yet potentially serious contenders in the meme coin space.

Read Also: PENGU Price Prediction: Why Analysts See a Pudgy Penguins Rally

Technical Overview and Short-Term PENGU Price Prediction

From a technical standpoint, PENGU is flashing mixed signals. The token has recently bounced back above the $0.035 mark after dipping earlier in the week.

Currently, the daily Relative Strength Index (RSI) sits around 57, which suggests a moderate bullish trend.

The 14-day Simple Moving Average (SMA) and Exponential Moving Average (EMA) both indicate buying activity across multiple timeframes.

Let’s break down the key levels:

Resistance: $0.04 is acting as a strong resistance zone. If PENGU breaks through this level, it could head toward $0.047.

Support: The token has support near $0.03. If it drops below this, we might see a deeper correction to $0.022.

Volatility: Currently hovering around 29%, volatility is high. This makes big price moves possible, both up and down.

On the 4-hour chart, we see that buyers are pushing to regain control above the EMA20. MACD indicators also show positive movement with green candles forming above the signal line. This momentum could give the bulls what they need to break through the current resistance.

However, short-term success depends heavily on continued buying volume. If interest dips, PENGU could easily slip back below its support. Traders are watching closely for any signs of a breakout or breakdown in the next few days.

Read Also: PENGU Coin Price Prediction: 305% Surge Fuels Altseason Hype

Can PENGU Really Rally 30x?

Here’s where things get interesting. The idea of PENGU rallying 30x from its current level of around $0.035 would mean a price of roughly $1.05. For a meme coin, this isn’t impossible, but it would require some serious catalysts.

Some reasons why a rally could happen in the long run:

Strong branding: Pudgy Penguins is already a recognizable brand with toys in major stores like Walmart. That kind of visibility gives PENGU an edge.

Community strength: Meme coins often thrive on community hype. PENGU’s user base is loyal and engaged.

Market conditions: If the broader crypto market rallies and Bitcoin crosses $120,000, we could see a strong altcoin wave that boosts tokens like PENGU.

But let’s be realistic: a 30x rally in one week is unlikely. Technical analysis suggests resistance is already proving difficult to overcome. More probable is a slow and steady rise if bullish pressure continues.

For this week (Aug 5 to 11), analysts predict:

Max price: $0.051

Min price: $0.024

Average price: $0.039

That puts the 30x scenario out of reach for now, but it does not rule it out in the long term.

Read Also: PENGU Price Surge: Why Pudgy Penguins Are Soaring in 2025

Conclusion

PENGU is having a moment. After a slow start in 2025, the token is showing bullish signs and attracting attention from both NFT fans and meme coin traders.

While a 30x rally this week is very unlikely, the momentum is building and could carry the token higher in the coming months if the market supports it.

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FAQ

What is PENGU?

PENGU is the utility token of the Pudgy Penguins project, originally an NFT collection that has now expanded into crypto, merchandise, and metaverse products.

Why is the PENGU price going up?

Strong buying interest and bullish technical indicators are pushing the price higher. Market sentiment is currently positive.

Can PENGU reach $1?

It’s possible in the long term if the project continues growing and market demand increases. However, reaching $1 this week is highly unlikely.

What are the main risks of investing in PENGU?

High volatility and sudden price changes are common in meme coins. Always invest based on your risk tolerance.

Where can I buy PENGU?

You can buy PENGU on supported crypto exchanges. For a safer and smoother experience, Bitrue is a reliable platform to start with.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.