Pudgy Penguins (PENGU) is poised for a potential breakout past $0.034 as it forms an ascending triangle pattern, signaling bullish momentum. On-chain data reveals that over 1 billion PENGU tokens have been withdrawn from exchanges, suggesting significant accumulation by investors. The cryptocurrency's price remains above $0.024, with a daily close above $0.026 expected to confirm an upward trajectory. Analysts highlight increased buy-side volume and robust order book depth, indicating growing confidence among long-term holders in the token's future performance.