Pudgy Penguins (PENGU) is showing trading patterns reminiscent of its June and July setup, indicating a potential breakout. Analysts point to stable support levels and consistent trading volume as signs of an imminent upward move. As of August 22, 2025, PENGU's market capitalization has reached $1.93 billion, with a trading volume of $484.2 million, highlighting strong market engagement. Derivatives data from Coinglass reveals $320 million in open interest and $1.59 million in liquidations, suggesting balanced trading pressures. The current consolidation phase is noted to mirror previous accumulation patterns that led to significant price increases, with the market closely monitoring PENGU's structure for signs of another upward leg.