Pudgy Penguins' PENGU token has dropped 8%, trading at around $0.032, following the announcement of its Season 2 campaign, which includes a $100 million token giveaway. Despite the decline, analysts are optimistic about a potential breakout, with resistance at $0.036 and targets as high as $0.10. Analyst Ali Martinez highlights that PENGU is nearing a significant upward move, with the 4-hour chart showing the price close to the 0.786 Fibonacci level. This suggests a possible rally if resistance is surpassed. CryptoBull_360 also foresees a breakout, supported by increased trading volume and resistance levels. However, short-term indicators advise caution, as the 9-day moving average remains below the 21-day, and the RSI is at 46.