Here’s why PENGU could be on the brink of an upside rally
2025-06-30 11:47:30
Main Idea
PENGU token rallied for the fourth consecutive day due to bullish technical indicators and positive developments, including a potential ETF listing and new exchange listings.
Key Points
1. PENGU surged to $0.0154 on June 30, marking an 80% increase from its seven-day low and over 300% from its year-to-date bottom.
2. The rally was partly driven by the CBOE filing for approval to list a Canary PENGU ETF, which would include both the PENGU memecoin and Pudgy Penguin NFTs.
3. Pudgy Penguins' mascot appeared at Nasdaq MarketSite alongside VanEck's Head of Digital Assets Research, adding to the positive sentiment.
4. Revolut listed PENGU on June 27, giving over 50 million European users access, and Biconomy.com also listed the token with trading starting June 30.
5. Technical indicators, including a breakout from a descending channel and a potential golden cross, suggest further upside, with key resistance at $0.0175.
Description
PENGU rallied for the fourth consecutive day, driven by bullish technical indicators and rising adoption trends. According to data from crypto.news, Pudgy Penguins ( PENGU ) surged to a high of $0.0154 on June 30 during afternoon trading in Asia, its highest level since May 15. The token has now climbed nearly 80% from its seven-day low and is up over 300% from its year-to-date bottom. The latest leg of PENGU’s rally began after the Chicago Board Options Exchange (CBOE) filed a Form 19b-4 with t...
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