Pudgy Penguins (PENGU) has confirmed a bullish breakout from a falling wedge pattern on the 4-hour chart, indicating potential upward momentum. Following a 19% correction over the past week, PENGU rebounded from $0.02633 and surpassed resistance at $0.02785, reaching a local high of $0.029. The breakout suggests a possible advance toward $0.03185, in line with the 200-day moving average. However, if PENGU fails to maintain its position above the breakout level, support may be tested again at $0.02633.