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PENGU Price Jumps 32% – What’s Going On?

BBG News

So, you’re telling me that Pudgy Penguins (PENGU) is a thing now? And it’s up 32% in one day? 🤯 Okay, let’s get into it. Apparently, the SEC acknowledged a spot ETF filing linked to PENGU, and the price just took off. I mean, who doesn’t love a good ETF buzz, right? 🚀

PENGU Soars as SEC Acknowledges Spot ETF Filing – Because, Why Not?

So, the SEC acknowledged this filing from Canary, and suddenly PENGU is the hottest thing since sliced bread. I mean, it’s not like it’s an actual ETF approval or anything, but hey, a little acknowledgment can go a long way, right? 🤷‍♂️ And now, PENGU is getting a boost from all the regulatory clarity hype. Because, you know, crypto people love clarity… and hype. 💁‍♀️

Anyway, the price action was pretty wild. PENGU jumped 32.8% in a single day, making it the biggest gainer among the top 100 cryptocurrencies. I mean, that’s some serious FOMO right there. 🚀 And it’s not like it was just a random spike – the order books were stacked up before the news even hit. 💸

PENGU Order Book Signals Major Interest – AKA People Are Actually Buying This

So, Acomathor spotted some early signals, and it looks like people were accumulating PENGU before the news even dropped. I mean, who doesn’t love a good accumulation, right? 🤑 And now, the bid side is lit up with massive volume, suggesting strong interest in this… whatever it is. 🤔

Anyway, the ETF filing gave it the final push, but it looks like the market was already shifting its stance on PENGU. Whether it was speculation or informed positioning, the data shows clear intent. And if momentum stays hot, this could set the stage for a bullish rally ahead. Because, you know, crypto people love a good rally. 🎉

PENGU Technical Structure Now Flashes Continuation Setup – AKA It’s Going Up

Ali Martinez’s latest take on PENGU adds another layer to the momentum narrative. His analysis shows a textbook bullish retest, with price breaking above key resistance around $0.015 and now holding it as new support. I mean, that’s some serious technical wizardry right there. 🔮 And now, PENGU is ready for continuation ahead, because… why not? 🤷‍♂️

Ali Martinez believes $0.060 is a reasonable target by August if this structure plays out. I mean, that’s some serious moon talk right there. 🌕 And from a technical standpoint, the previous horizontal zones that acted as resistance now flip to support, and volume has started to back the move. So, yeah, $0.060 is totally doable. 🤑

PENGU Short-Term Target Now in Focus – AKA It’s Going to $0.024

Building on Ali Martinez’s continuation setup, crypto analyst Limbo reinforces the short-term bullish outlook for PENGU. I mean, who doesn’t love a good short-term bullish outlook, right? 🤑 After flipping the $0.015 zone into solid support, the price is now climbing into the upper half of its broader range. And the structure is clean, each level has held up under pressure, and the breakout has so far followed a textbook sequence of reclaim and follow-through. Because, you know, crypto people love textbooks. 📚

From a technical standpoint, this kind of price behavior suggests strength behind the move. I mean, who doesn’t love strength, right? 💪 And after the ETF acknowledgment and bullish follow-through, the next test for bulls is at $0.0240 level. From there, the eyes could shift to $0.028 and beyond. Because, you know, crypto people love beyond. 🚀

Final Thoughts: Pudgy Penguins to Lead Memecoins? – AKA Who Knows?

So, PENGU’s 32% daily surge may look like a typical meme coin spike, but the structure behind it feels different this time. I mean, who doesn’t love a good meme coin, right? 🤣 The ETF acknowledgment adds a layer of legitimacy, and the technicals, like the reclaim of $0.015 support and rising volume, suggest strong momentum. And if this momentum continues and the ETF narrative gains more strength, Pudgy Penguins could move beyond meme status and take the lead in the next memecoin cycle. Because, you know, crypto people love cycles. 🔄

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2025-07-10 18:13

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