Is PENGU Preparing for a 1,000% Price Surge? Analysis on Bitrue

The Pudgy Penguins-based token, PENGU, has once again stirred excitement across the crypto market. 

With a recent breakout above key resistance levels and renewed interest from smart investors, analysts are debating whether this could be the start of a powerful rally. 

Some even predict that PENGU could rise by as much as 1,000% in the coming months. But is the hype justified, or are traders getting ahead of themselves?

Why Are Smart Investors Accumulating PENGU?

PENGU’s sudden popularity is not accidental. According to data shared by a Solana-based community, PENGU has become the most purchased memecoin by smart investors in the past 24 hours, surpassing other trending tokens such as BONK, Jupiter (JUP), and Moo Deng (MOODENG). 

This surge in interest shows that experienced traders are paying close attention to its recent price behaviour.

On October 5, PENGU climbed by 4.75% in a single day to trade near $0.0332. While this increase might seem small, it marked a key breakout from the $0.032 resistance level that had held for several days. 

The breakout confirmed a bullish shift, which many believe could be the start of a stronger upward move.

Despite the positive price action, the trading volume fell by around 10%, totalling $375 million. Some traders interpret this as cautious optimism, investors appear confident, yet they are waiting for further confirmation before entering heavily. 

Still, PENGU’s consistent price growth and community engagement suggest that demand is gradually building.

Market sentiment across the Solana ecosystem also supports this optimism. Solana’s own price rally has improved confidence across its memecoins, and PENGU has benefited directly. 

The coin’s technical structure on TradingView now shows higher lows and a potential retest of the $0.04 zone, which could signal continuation toward $0.10 if momentum holds.

Read also: PENGU Coin Price Prediction: 305% Surge 

Could PENGU Really See a 1,000% Surge?

The idea of PENGU soaring by 1,000% may sound ambitious, but some analysts argue it’s not impossible. 

According to well-known crypto analyst Ali, PENGU is currently mirroring a previous fractal pattern that triggered a similar rally earlier this year. 

If history repeats itself, the token could reach as high as $0.10, which would represent a gain of more than 200% from current levels, and possibly more if momentum accelerates.

PENGU’s on-chain data supports this bullish narrative. Market capitalisation recently rose by 10%, reaching $2 billion, while social media activity has spiked as traders speculate on its next move. 

The token’s RSI on the daily chart has moved above 50, signalling a transition from neutral to bullish conditions.

However, some technical signals suggest caution. The Supertrend indicator remains slightly bearish, meaning a brief consolidation could occur before another leg upward. 

Similarly, the Average Directional Index (ADX) remains below 25, indicating that while the current trend is positive, it is not yet strong enough to guarantee sustained momentum.

According to CoinGlass data, PENGU’s major liquidation zones lie between $0.03182 and $0.03442. 

Bulls currently dominate the market with around $6.48 million in long positions compared to $1.35 million in shorts. As long as PENGU stays above $0.0338, the bullish structure remains intact.

If it manages to close above the $0.04 level on strong volume, it could trigger a breakout similar to its early 2025 run, one that saw prices multiply quickly. Given the enthusiasm among both retail and smart investors, a rapid acceleration phase is not out of the question. 

But traders must remember that markets often move in cycles, and short-term pullbacks are normal even during strong uptrends.

Read also: What Is PENGU Crypto? Inside Pudgy Penguins

How to Trade PENGU Safely and Profitably on Bitrue

For traders eager to take advantage of the excitement surrounding PENGU, the best approach is to use a secure and reliable exchange that provides both flexibility and protection. 

Bitrue stands out as one of the leading platforms for this purpose, offering a safe environment and advanced tools for trading both new and established tokens.

Bitrue’s interface is straightforward, making it easy for traders to buy, sell, or hold PENGU while accessing real-time charts and analysis tools. 

The platform supports both spot and futures trading, allowing users to benefit whether the market rises or corrects. Traders can use leverage cautiously on Bitrue to amplify potential gains while setting stop-loss orders to protect capital.

Security is a top priority for Bitrue. The exchange uses multiple layers of protection, including two-factor authentication and cold storage for funds. 

Its transparent fee structure and deep liquidity ensure that users get fair pricing even during volatile conditions, a crucial advantage when trading fast-moving memecoins like PENGU.

Bitrue also supports portfolio diversification, giving traders access to a wide range of assets beyond PENGU. This means that while participating in potential high-reward trades, users can still balance risk across multiple cryptocurrencies.

Whether you are a short-term trader looking to catch the next rally or a long-term believer in the memecoin ecosystem, Bitrue offers the perfect balance between safety, flexibility, and opportunity.

Read also: Is Pudgy Penguins (PENGU) Set for a Breakout Rally?

Conclusion

PENGU’s current momentum reflects a mix of technical strength, investor confidence, and renewed enthusiasm in the memecoin market. 

Smart investors are accumulating, analysts are identifying familiar bullish patterns, and social engagement is growing daily. While a 1,000% surge may sound bold, the ingredients for a significant move are already forming.

For traders seeking a safe and efficient way to join the PENGU trend, Bitrue provides everything needed to trade responsibly and confidently. 

With its advanced tools, secure infrastructure, and transparent operations, Bitrue makes it easier to navigate fast-changing markets while maximising potential gains.

FAQ

What is PENGU?

PENGU is a memecoin inspired by the popular Pudgy Penguins NFT brand, launched on the Solana network. It has gained strong attention for its community-driven nature and recent bullish price movement.

Why are traders bullish on PENGU?

Analysts point to accumulation by smart investors, a recent technical breakout above key resistance, and strong social momentum as reasons for optimism.

Can PENGU really rise by 1,000%?

It’s possible if momentum continues and the fractal pattern plays out as analysts predict. However, short-term pullbacks are likely along the way.

How can I trade PENGU safely?

Using Bitrue ensures secure trading with strong protection, transparent fees, and access to both spot and futures markets for flexible strategies.

What levels should traders watch next?

Traders are watching support around $0.0318 and resistance near $0.04. A sustained move above $0.04 could confirm the start of a larger bullish rally.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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