- TD Sequential ‘9’ buy signal appears on $PENGU 4H chart signaling trend exhaustion after prolonged consolidation.
- $0.0138 resistance break targets $0.0204; 50% rally confirms falling wedge and inverted head-and-shoulders patterns.
- Pudgy Penguins ecosystem momentum with 300B+ views, NHL partnerships, and SBT drops fuel community bullishness.
The ever-volatile world of meme coins, $PENGU—the native token of the Pudgy Penguins ecosystem—has caught the attention of traders with a fresh technical signal that could herald a significant price move. Launched on Solana, Pudgy Penguins has evolved from a popular NFT collection into a broader Web3 brand, boasting digital collectibles, merchandise, and partnerships that have amassed over 300 billion views across platforms. Despite hitting an all-time high of $0.068 shortly after launch, the token has faced a prolonged downtrend, trading around $0.012 as of January 17, 2026, with a market cap hovering near $760 million.
Key Resistance Defines Breakout
Renowned crypto analyst Ali Charts recently highlighted a TD Sequential buy signal on the 4-hour chart for $PENGU. The TD Sequential, a momentum-based indicator developed by Tom DeMark, counts a series of candles to identify potential exhaustion points in trends. In this case, the chart shows a countdown culminating in a ‘9’—a classic buy setup—amidst a series of declining candles labeled with numbers like 15 and 16, and price points dipping from $0.0130 to $0.0120. A downward-pointing triangle on the chart underscores recent bearish pressure, but the buy signal suggests buyers may be stepping in.
Ali Charts emphasized that clearing the $0.0138 resistance—a key trigger level identified in prior analysis—could ignite a bullish breakout, aiming for $0.0204. This aligns with broader market sentiment, where $PENGU has already rallied over 50% from recent lows, breaking out of a falling wedge pattern as noted by analysts like Elite Crypto and CRG. Posts on X highlight potential inverted head-and-shoulders formations on daily charts and reclaims of key EMAs, with some predicting targets up to $0.035 if Bitcoin remains stable above $95,000.
Pattern Confirmations Align
The Pudgy Penguins brand continues to fuel optimism. With real-world integrations like the NHL Winter Classic partnership and ongoing SBT drops, the project stands out in a crowded meme coin space. However, risks remain: meme tokens are highly speculative, and a failure to hold above $0.0119 could invalidate the setup, leading to further downside. Broader market conditions, including Bitcoin’s softness, add caution.
For investors, this signal represents a high-reward opportunity if the breakout materializes. As one X user put it, “Breakouts look boring before they look obvious.” With sentiment at 85% bullish and volume surging, $PENGU might just waddle its way back to prominence. Always DYOR and consider the inherent volatility of crypto markets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
