First XRP, Then BNB. All Signs Now Point to PENGU for the Next Breakout
Main Idea
BNB and XRP have recently reached new all-time highs due to treasury adoption and regulatory clarity, respectively, and traders are now focusing on PENGU as the next potential breakout token.
Key Points
1. BNB surged to an all-time high of $804.17, driven by Nano Labs' creation of a BNB treasury and a $500 million convertible note deal.
2. XRP broke its multi-year resistance to reach $3.60, fueled by the GENIUS Act and a favorable US regulatory environment.
3. PENGU is up 40% weekly and is only 22% below its all-time high, with technical indicators suggesting strong bullish momentum.
4. BNB's market cap of $111.5 billion rivals major traditional companies like Nike.
5. PENGU's next resistance levels are near $0.048 and its all-time high at $0.05738, with potential long-term targets around $0.065–$0.075.
Description
Major altcoins BNB and XRP have both broken out to new all-time highs, signaling market strength BNB’s rally is backed by treasury adoption, while XRP’s is fueled by new US regulatory clarity Traders are now watching PENGU, which is up 40% weekly and just 22% shy of its own ATH. Crypto exchange Binance’s BNB token and then XRP both touched new all-time highs, igniting speculation that other major altcoins could be next in line to rally. With the market leaders now in price discovery, traders are...
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