Crypto Analyst Who Predicted Bitcoin Pullback: ‘PENGU Set for Next Leg Higher’

2025-08-05

A well-known crypto analyst who correctly predicted Bitcoin’s recent price pullback is now turning attention to Pudgy Penguins (PENGU).

According to the analyst, PENGU may be setting the stage for its next significant move upward, drawing increased interest from both retail investors and meme coin enthusiasts.

As the market starts to recover, the question now is whether this popular NFT-linked token is ready for another breakout.

Market Recovery Sparks Fresh Interest in PENGU

The recent rebound in Bitcoin prices has led to cautious optimism across the broader cryptocurrency market. While many tokens remain volatile, PENGU has shown a resilient uptrend despite ongoing uncertainty.

Its current price hovers around $0.035, up over 3 percent in 24 hours, with increasing volume and bullish momentum building.

pengu breakout prediction.

The crypto analyst who previously forecast Bitcoin’s correction is now making a new call, highlighting a potential PENGU breakout prediction.

According to their analysis, the token is demonstrating strong technical indicators and could break past the key resistance at $0.04 if current buying interest continues.

This forecast comes amid a renewed meme coin trend analysis across the sector. Investors are closely watching emerging tokens that blend NFT culture and community-driven value, with PENGU standing out as a top contender.

Read also: Is PENGU No Longer Bullish?

PENGU Price Analysis

PENGU’s recent price action reflects a shift in market sentiment. On the one-day chart, the price has shown a gradual climb, with the Relative Strength Index (RSI) rising to 57, indicating growing bullish pressure. Trading volume has also surged to over $126 million, confirming renewed trader interest.

Support remains firm at $0.03, while resistance holds near $0.04. A break above this range could lead to a potential rally toward $0.047. Technical indicators such as the MACD and BoP suggest buyers are slowly regaining control and preparing for the next upward leg.

Short-term exponential moving averages (EMAs) further support this view. With EMAs on 3, 5, 10, and 21 days showing clear “Buy” signals, the sentiment continues to favor the bulls.

Historical Context: From NFT Sensation to Token Market Player

Pudgy Penguins began as a collection of 8,888 unique NFT characters, launched in July 2021. Initially selling for around $90 each, the project quickly gained popularity and media attention.

By late 2021, some NFTs were selling for over $6,000. However, the hype faded in early 2022, and the floor price dropped to $1,000 due to internal community disputes and dissatisfaction with the original founder.

The turnaround came in early 2022 when entrepreneur Luca Netz acquired the project for $2.5 million. Under new leadership, the Pudgy Penguins brand expanded beyond digital art.

With initiatives like physical merchandise and retail partnerships, including a toy launch at Walmart, the brand has worked to rebuild trust and deliver real-world value.

In late 2024, the team introduced the PENGU token on the Solana network, offering it to holders of Pudgy Penguin NFTs and other Web3 communities.

This move added a new layer to the brand, turning Pudgy Penguins from a purely collectible asset into a utility-driven token economy.

PENGU Forecast: Short and Long-Term Outlook

Technical forecasts suggest PENGU may fluctuate between $0.024 and $0.051 during August 2025, with an average expected price of $0.039. These estimates depend largely on broader market movements, particularly the performance of Bitcoin.

If Bitcoin manages to hold above the $120,000 level this month, PENGU could see further upward momentum.

Longer-term predictions are cautiously optimistic. By the end of 2025, the token may reach a high of $0.0791. Forecasts for 2026 through 2031 suggest continued growth, with PENGU possibly hitting $0.2 by 2031.

However, reaching the much-discussed $1 mark remains a long-term challenge that would require sustained community engagement, broader adoption, and favorable market conditions.

Challenges and Considerations

Despite growing interest, risks remain. NFT market activity, including Pudgy Penguins, has seen notable slowdowns. Recent data from CryptoSlam shows a 47 percent drop in Pudgy Penguin NFT sales over the past week, outpacing the 13 percent drop in the overall NFT sector.

This trend raises concerns about waning user interest and its potential effect on PENGU’s value. However, the ongoing development of utility features and new partnerships could help counter this downward pressure.

Is PENGU a Good Investment?

The decision to invest in PENGU depends on several factors. On the one hand, its connection to a well-known NFT brand and active leadership offers a foundation for long-term value.

On the other hand, price volatility and changing market trends introduce a level of uncertainty that may not be suitable for every investor.

For those who believe in the future of NFT-driven ecosystems and are willing to accept short-term price swings, PENGU may offer an interesting opportunity, especially if current bullish trends continue.

Find other interesting articles on Bitrue blog! You can also directly buy selected assets on Bitrue by registering here!

FAQ

Are Pudgy Penguins worth anything?

Currently, the price of a Pudgy Penguin is $0.036. Its total market value is over $2.25 billion, with a circulating supply of over 62 billion PENGU tokens.

Will Pudgy Penguins hit $1?

Some predictions are optimistic, suggesting that the price could range from $0.25 to $1. Other analysis points to the price potentially rising above $0.45.

What is a Pudgy Penguin?

Pudgy Penguins is a collection of 8,888 unique digital artworks (NFTs) that were launched on the Ethereum blockchain in August 2021.

Is Pudgy Penguins a good investment?

According to some crypto experts, the PENGU coin could reach a maximum of $0.062 in 2025, which would be a 105% increase. However, it could also potentially drop to a low of $0.025.