PENGU and MOG Made Key Breakouts – Is More Upside on the Horizon?

Date: Tue, May 06, 2025 | 05:30 AM GMT

In the cryptocurrency market today, major tokens are showing mixed performance as the price of Bitcoin (BTC) and Ethereum (ETH) trade in red with a minor drop.

But two tokens— Pudgy Penguins (PENGU) and Mog Coin (MOG) — have managed to extend their impressive monthly rally. In the last 24 hours, PENGU is up 9% and MOG has gained 7%, both making key breakouts that could signal more short-term upside ahead

Source: Coinmarketcap

PENGU and MOG Analysis

On the left side of the 4H chart, Pudgy Penguins (PENGU) has broken out of a symmetrical triangle pattern, reaching a local high of $0.01220. It’s now pulling back slightly, possibly to retest the breakout trendline. If that retest holds and bounces upward, PENGU could target the next resistance zones at $0.01277 and $0.01414 — which is nearly 20% higher from current levels.

On the right side, Mog Coin (MOG) has also shown strength, breaking out of its falling wedge pattern. The breakout pushed the price close to $0.00000062, and with bullish momentum intact, it could soon test its next resistances at $0.00000065 and $0.00000073, which is roughly 18% upside from where it stands.

What’s Ahead?

Both PENGU and MOG have made clean technical breakouts — and as long as they stay above their respective breakout trendlines, the rally might continue.

Another bullish sign: the MACD on both charts is flipping positive The histograms are ticking up and signal lines are showing a fresh crossover, typically an early sign of growing momentum.

If Bitcoin and Ethereum can stabilize, these altcoins may take the lead in the next leg up.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.