Pudgy Penguins (PENGU) has surged over 10% in the last 24 hours, driven by a broader cryptocurrency market rally. The token is exhibiting a rounding bottom pattern on the daily chart, a classic indicator of a potential bullish reversal. PENGU's price fell from $0.01650 to a low of $0.009343 before stabilizing at $0.01247. Analysts suggest that a breakout above the 50-day moving average at $0.01441 and the neckline at $0.01650 could confirm a bullish continuation. However, failure to surpass the 50-day moving average might result in a short-term pullback, although the overall bottoming structure remains intact.