[Analysis] Pudgy Penguins Keeps Uptrend Intact; Break Above $0.011 Could Spur Further Gains

Bloomingbit

Pudgy Penguins (PENGU) is maintaining its upward trend despite a recent decline, analyst Ali Martinez said.Writing on X, formerly Twitter, on Oct. 10, Martinez said PENGU was holding support after meeting resistance and could form a new low above its previous bottom.He said the bullish structure would remain intact as long as the two trend lines supporting the current price hold. Under that scenario, PENGU could climb back to $0.011.He added that if PENGU breaks above $0.011, the next upside target would be $0.021.As of 3:30 p.m., PENGU was trading at $0.0084, up 2.83% from a day earlier, according to CoinMarketCap.