PENGU, a Solana-based meme coin, is drawing attention as analysts suggest a possible breakout toward $0.22. Traders and investors are watching closely as technical patterns, market expansion, and institutional interest align to shape the token’s next phase. Crypto analyst Ali Charts noted that PENGU is forming a cup and handle pattern, often considered a bullish signal. Based on this setup, the projected target stands near $0.22, which would be a 400 percent surge from current trading levels. The token has shown strong gains over the past six months, climbing more than 180 percent.