PENGU Bull Run Incoming? Rare Cluster of Bullish Signals Spotted

The crypto market welcomed significant gains this week amidst renewed investor confidence. Alongside top assets, Pudgy Penguins (PENGU) also posted a double-digit rally over the past 24 hours. The meme coin is up by more than 12% during this timeframe.

But the latest data shows that the upside may not be over just yet. Pengu Bulls Wake Up According to Ali Martinez, the Pudgy Penguins token could be preparing for a major move. PENGU is showing several positive signals on its weekly chart.

The analyst pointed to a squeeze in the Bollinger Bands. The bands have drawn closer together, which means that volatility has fallen. Moves like this often happen just before volatility picks up. Other indicators are also turning positive.

The Tom DeMark Sequential, for instance, has flashed two buy signals on the weekly chart. The first was a 9 setup. It was followed by a Combo 13 signal. Martinez explained that the combination could point to the start of a new bullish countdown.