PENGU Poised for Potential Breakout Amid ETF Review and Growing Asian Adoption

Key Points

1. PENGU has formed a cup-and-handle pattern, with a potential breakout target near $0.082.

2. The SEC is reviewing a CBOE-backed ETF filing for PENGU, enhancing its market legitimacy.

3. PENGU has seen significant adoption in Asian markets, particularly South Korea and China, bolstered by the popularity of the Pudgy Penguins NFT brand.

4. The token's price surged 800% from yearly lows, with recent trading volume and market capitalization showing upward momentum.

5. Key resistance lies at $0.045; a breakout above this level could propel PENGU toward the $0.082 target.