Pudgy Penguins ($PENGU) Creates Bullish Flag Pattern Aiming for $0.10 Target

Current Market Status: Pudgy Penguins ($PENGU) is currently trading at $0.03527, showing a 13.35% increase in the last day and 8.17% growth over the past week.

Technical Analysis: The asset is forming a bullish flag pattern, with key support at the $0.618 Fibonacci retracement level around $0.030, indicating potential for upward movement if it breaks above $0.034-0.035.

Breakout Potential: Analysts suggest that a breakout could lead to price targets of $0.065, $0.075, and potentially $0.10, supported by strong market drivers such as ETF filings and expansion into Asia.

Risk Assessment: A breakdown below $0.028 could lead to further declines, but as long as the price remains above this level, bullish continuation towards $0.10 is favored.