Analyst Predicts PENGU Could Follow PEPE Path to $0.24 and $0.70

PENGU could reach $0.24 and $0.70 if its correlation with PEPE’s past rally holds, according to analyst Ali.

PEPE trades between 1.618 and 1.786 Fibonacci zones after a sharp rally, signaling possible consolidation.

PENGU nears the 0.786 Fibonacci resistance at $0.040914, with potential upside to $0.099026 if breached.

PENGU price movement is drawing comparisons to PEPE’s earlier rally, with key Fibonacci levels supporting possible future moves. According to analyst Ali, if the correlation between the two assets continues, Pengu could next target $0.24 and $0.70

The projections are based on technical similarities between their recent market patterns and historical breakout sequences. Both assets have had sharp rebounds from early year lows, pushing through resistance levels with sustained momentum.

PEPE Consolidates After Steep Multi Month Rally

PEPE began 2024 trading near $0.000002086 before rallying past multiple Fibonacci extensions. Price climbed through the 1.0 level at $0.000004487, the 1.272 level at $0.000007739, and the 1.618 extension at $0.000015487

PEPE and PENGU price chart, Source: Ali on X

The rally peaked near the 1.786 level at $0.000021559, briefly reaching the 2.0 extension at $0.000033287. At press time, PEPE was trading at $0.00001215, between the 1.618 and 1.786 zones

This suggests consolidation after its fast surge. Maintaining price support above $0.000014000 could allow a retest of $0.000021559 and potentially $0.000033287. However, dropping below $0.000014000 may lead to a pullback toward the 1.272 level near $0.000007739.

PENGU Near Key Resistance Levels

At press time, PENGU was trading at $0.04022 after recovering from a January 2025 low of $0.0037032. This recovery has brought the asset beyond a series of Fibonacci highs, including 0.236 at $0.008041, 0.382 at $0.012993, and 0.618 at $0.028219.

Price is headed towards the 0.786 resistance line at $0.040914. Going above $0.040914 could propel it to the 1.0 point at $0.099026. Following that, other notable Fibonacci points of interest include 1.272 at $0.242078 and 1.618 at $0.754702.

These levels are in conformity with the long term trend line, which comes up to 1.786 at $1.319837 and 2.0 at $2.648345. Failure to break resistance here may result in a retest of $0.028219.

Similarities Between PENGU and PEPE

PENGU and PEPE share a similar breakout outlook, with price advancing through successive Fibonacci zones. While PEPE is in a consolidation phase after a rally, PENGU is in the mid stage of its climb, with several resistance levels ahead.

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