币界网报道：Penguin Finance's native memecoin, PENGU, has shown a bullish technical signal with a potential 35% upside, according to recent market analysis. The token's price action formed a bullish pennant pattern on the daily chart, typically indicating continuation of an upward trend. This technical setup emerged after PENGU's 120% rally earlier this month, with the current consolidation phase suggesting accumulation before another potential leg up. Market analysts note the token has rebounded strongly from its 200-day moving average, maintaining key support at $0.00045 while facing immediate resistance near $0.00062. The Relative Strength Index (RSI) at 58 remains in neutral territory, leaving room for further gains without immediate overbought concerns. Trading volume has increased 40% week-over-week, signaling growing investor interest. If the breakout confirms, technical targets project a move toward $0.00083, which would represent a 35% gain from current levels. The memecoin sector has shown renewed activity recently, with several projects posting double-digit gains amid improved crypto market sentiment. PENGU's development team recently announced upcoming ecosystem expansions, including a new staking program and NFT marketplace integration, which may provide fundamental support for the token's price action. However, traders caution that memecoins typically exhibit higher volatility and recommend proper risk management strategies given the speculative nature of these assets. The broader cryptocurrency market's direction may also influence PENGU's near-term performance, particularly Bitcoin's ability to hold above $60,000.