PENGU Repeats Its Previous Rally with a 29% Surge, Aiming for a Major Breakout to $0.10

3 mins mins

Key Insights:

PENGU breaks through $0.03 resistance, signaling continued upward momentum.
PENGU could repeat previous 500% rally, aiming for $0.10 breakout.
Institutional interest fueled by ETF speculations, increasing $PENGU’s market potential.

coincu A penguin in a business suit riding a rocket with dollar bca7697d ba64 44f1 89b0 6f2d979d8b77 2 — *PENGU Repeats Its Previous Rally with a 29% Surge, Aiming for a Major Breakout to $0.10*

Pudgy Penguins (PENGU), has surged by 29%, reclaiming the crucial $0.03 resistance. This recent price movement signals the potential for continued upward momentum, as the token’s price reached a high of $0.036. Traders are closely monitoring the coin’s next moves, speculating it could hit $0.10 in the near future.

Key Resistance Level at $0.03

PENGU has successfully broken through the $0.03 resistance level. The token price reached as high as $0.036 before encountering some resistance, but it managed to maintain momentum.

According to Lennaert Snyder $0.03 automatically becomes support and is interesting for confirmation longs. This suggests that the token could continue to climb if it holds above this support level. The price has gained attention due to its ability to bounce back quickly from this key level.

Analysts believe that if the token maintains its position above $0.03, further gains could be imminent. Traders are now focused on the next critical resistance at $0.036, expecting a breakout toward higher price levels.

The Repeat Rally and Previous Success

However, Traders are drawing comparisons between the current surge and previous rallies. Based on Broskisol, PENGU token earlier breakout saw an impressive 500% increase, making many optimistic about its future.

The previous breakout delivered nearly +500%, and now the setup points to 0.10+. This bullish sentiment is supported by the token’s recent strong performance and potential to replicate past success.

The recent 29% surge also recalls the pattern from its last rally. Analysts believe that with sustained upward momentum, $PENGU could once again see rapid growth, potentially leading it to new all-time highs.

ETF Speculation Driving Interest and Current Market Performance

Moreover, Recent developments, such as the news surrounding the DOGE ETF, have fueled speculations about $PENGU’s potential. Expert suggest that $PENGU could become a top candidate for an ETF if the DOGE ETF gains approval.

SolidTradesz noted that, with the recent DOGE ETF updates, he can only see the appetite for PENGU to grow. This speculation is adding to the excitement surrounding $PENGU, as traders anticipate further growth fueled by institutional interest.

As of time of writing, $PENGU was trading at $0.035236, with a 24-hour trading volume of over $438 million. The token has shown a 5.43% increase in the last 24 hours. This indicates strong market interest and an ongoing uptrend in its price action.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.