Key Takeaways
- PENGU sees a robust bullish breakout to the upside, buying and selling above $0.019; the subsequent goal is $0.1.
- PENGU spot ETF approval might enhance worth following the Canary EFT submitting with the U.S. SEC.
- Crypto specialists consider the value of PENGU, given its present worth motion, indicators sturdy whale exercise.
Pudgy Penguin (PENGU) is crimson scorching, rallying with over 30% within the final 24 hours because the crypto market is buzzing across the Solana-based memecoin following information that the US (US) Securities and Change Fee (SEC) has acknowledged a submitting for the Canary spot PENGU ETF.
This information has sparked bullish market worth motion for PENGU, as the value presently trades above $0.0195, with crypto specialists and analysts suggesting that the value of PENGU will proceed its rally in the direction of a excessive of $0.1, pushed by a big group replace and potential itemizing on a bigger platform, which might result in such a rally.
Associated Learn – Pudgy Penguins vs PEPE – Crypto Specialists Predict Pudgy’s Breakout
Bitcoin All-time Highs as PENGU Outperforms Solana memecoins
The crypto market is trying bullish as soon as extra, following historic worth actions, as the value of Bitcoin has reclaimed its all-time highs above $113,000. Crypto altcoins and memecoins, together with PENGU, are anticipated to exhibit sturdy worth motion.
The information of PENGU’s potential itemizing on Hyperliquid might enhance its worth motion within the coming weeks, as the value has proven power dominated by bullish worth motion to the upside, adopted by a robust bullish breakout on the upper timeframe, as the value of PENGU has the potential of hitting $0.1 earlier than the tip of 2025.
Following such worth motion, crypto specialists comparable to Ali Martinez have lengthy spoken on the potential of PENGU worth as he steered these sleeping on the present worth motion of PENGU ought to slap themselves as the value of PENGU seems to be more and more bullish every passing day, as the value seems to be set for $0.1 earlier than the tip of 2025.
Pudgy Penguin (PENGU) Value Evaluation
PENGU Value Chart – Supply TradingView
Pudgy Penguin (PENGU) is trending following the value motion of the Solana-based memecoin, defying the present Bitcoin dominance as the value has rallied by over 30% within the final 24 hours, suggesting the associated fee would face little or no worth restriction as bulls push the value to the upside.
The worth of PENGU in earlier months has struggled, however it’s now trying sturdy above the important thing assist zone of $0.01, indicating a possible for a steady rally to the upside. Crypto specialists and merchants could be seeking to trip PENGU to potential highs.
