This Altcoin Looks Like PEPE Before It Exploded, Analyst Says

A cryptocurrency analyst compared Pudgy Penguins (PENGU) and Pepe (PEPE) price charts, noting similarities in their Fibonacci retracement patterns. Both coins experienced a price peak followed by a drop, then a rebound surpassing the 0.5 Fibonacci level. Pepe's rebound led to a significant price explosion, while PENGU's is less pronounced. The analyst highlighted PENGU's recent 50% rally, though it only reached its May high. Differences exist; Pepe's dip extended further than PENGU's. A daily close above $0.015-$0.017 could trigger a substantial PENGU price increase. Another chart shows PENGU moving within an ascending triangle pattern, a potential bullish signal. Breaking above the triangle's resistance line at around $0.015 would be a positive indicator. Currently, PENGU trades near $0.0148, showing a recent 4% increase. The analyst's comparison suggests a potential, but not guaranteed, price surge for PENGU, mirroring Pepe's past performance.