PENGU Price Prediction – Bull Flag Signals 142% Rally Further as Pudgy Penguins NFT Volumes Soar

Pudgy Penguins (PENGU) has recorded more gains than most meme coins this month, with an impressive 308% increase in price over the last 30 days to trade at $0.038 today, July 21. The PENGU price rally is not showing signs of ending soon, and instead, another surge to an all-time high of $0.0818 might be recorded, driven not only by buyers but also by rising non-fungible token (NFT) trading activity.

PENGU Price Targets 142% Surge After Bull Flag Breakout

Bullish traders are behind the recent performance of the PENGU token for the last month, as bears that were previously taking profits or taking short positions on this top meme coins leave the market. Due to the increase in buying activity, PENGU is now trading above the resistance of a bull flag pattern, and it could be on the way to a more than 2x rally.

The height of the flagpole indicates that, from the resistance level, the PENGU price might continue to rise and possibly gain by more than 140% to reach $0.081, at which point it will have formed a record high.

The CMF, as well as the volume bars, show that buyers have outmatched sellers, and as they continue to buy more PENGU tokens, it will also be bullish for the price. However, if there are no more buyers in the market and the current level of demand subsides causing PENGU to fall back into the tight range of the bull flag, the 142% surge may fail to happen.

Considering that PENGU tends to behave the same as other meme coins, the ongoing gains could be solely based on hype, as Binance has removed a seed tag on PENGU. This means that traders can now buy the token without getting a warning sign about its price not being stable, and this might cause another increase in PENGU price.

Pudgy Penguins NFT Volumes Surge

Buyers are not the only reason behind the 25% gain in the price of PENGU in the last 24 hours, considering that the Pudgy Penguins NFTs are also receiving a lot of interest. According to data from Cryptoslam, these NFTs have seen an increase of more than 270% in volumes to 3.9 million, while the number of buyers has also surged by 143%.

The last time that these volumes had reached such high levels was in January 2025, when the entire market was also in the current bullish state that it is at right now. However, this interest in Pudgy Penguins is not unique, considering that the entire NFT market is also gaining, which could bode well for tokens associated with this sector.

As NFTs recover after months of dull activity, and Pudgy Penguins chooses to follow the trend with increased interest from traders, it is also possible that the PENGU price will continue to gain and likely reach the bull flag target of $0.081. However, if the sentiment fades and buyers begin to sell their tokens due to concerns about a drop, this forecast might falter, and the price could go back to being under sellers’ control.