Bullish Momentum Builds for PENGU: Price Poised for Breakout Toward $0.034

PENGU consolidates in a bullish triangle, showing strong accumulation and rising volume.

Buyers defend key support, signaling renewed confidence and potential breakout above $0.026.

On-chain data confirms accumulation as sentiment turns bullish toward the $0.034 target.

Pudgy Penguins — PENGU, is quietly preparing for a potential breakout. After weeks of sideways trading, signs of strength are starting to surface. Buyers have stepped back in, defending key levels and showing renewed confidence. The token’s steady compression above support reflects growing momentum as volume increases. With accumulation patterns strengthening, traders are watching closely for a breakout above $0.026, which could spark a powerful move toward $0.034.

PENGU Builds Strength Within a Bullish Structure

PENGU’s price structure looks increasingly bullish. The token is consolidating within an ascending triangle, a classic setup that often precedes upward movement. Higher lows are pressing against the $0.026 resistance, forming a pressure zone that signals growing demand. A clean break above this ceiling could confirm a measured move toward $0.035.

Trading data supports this technical picture. Volume has climbed gradually, confirming that accumulation is taking place. Buyers are defending short-term exponential moving averages, suggesting that market participants are confident about holding positions through consolidation. Market analyst Ali Martinez noted that maintaining the $0.024 support remains essential. A daily close above $0.026 could validate a new bullish impulse and open the path toward recovery.

The price action shows a rounded accumulation pattern, with buyers stepping in earlier after each dip. This behavior often reflects shifting sentiment, where traders anticipate higher prices. PENGU’s repeated rebounds near $0.024 demonstrate stability and improving buyer conviction. Once price secures a close above $0.025, attention could shift toward the mid-range target near $0.028.

On-Chain Data and Sentiment Reinforce the Bullish Outlook

PENGU’s on-chain data strengthens the bullish case. Recent figures from The Solana Post reveal that over one billion tokens—roughly one percent of total supply—left exchanges within three days. This type of withdrawal often signals active accumulation, as holders move assets into self-custody. With fewer tokens available on exchanges, the likelihood of a strong breakout increases.

Exchange balances continue to decline, suggesting that large holders are confident in the project’s direction. Reduced sell-side pressure creates a supportive environment for price growth. These data trends align closely with the bullish technical setup forming on the charts. Community sentiment adds further confidence to the recovery outlook.

Traders and whales have shown consistent interest around the $0.024 region, repeatedly absorbing dips. Order-book data indicates that buy orders dominate, reflecting a positive market tone. If PENGU clears the $0.026 threshold, momentum could accelerate toward the $0.030 to $0.035 range. Each retest of support has attracted stronger participation, reinforcing the idea that the accumulation phase is maturing.