Key Takeaways
- PENGU sees a strong bullish breakout to the upside, trading above $0.019; the next target is $0.1.
- PENGU spot ETF approval could boost price following the Canary EFT filing with the U.S. SEC.
- Crypto experts believe the price of PENGU, given its current price action, signals strong whale activity.
Pudgy Penguin (PENGU) is red hot, rallying with over 30% in the last 24 hours as the crypto market is buzzing around the Solana-based memecoin following news that the United States (US) Securities and Exchange Commission (SEC) has acknowledged a filing for the Canary spot PENGU ETF.
This news has sparked bullish market price action for PENGU, as the price currently trades above $0.0195, with crypto experts and analysts suggesting that the price of PENGU will continue its rally towards a high of $0.1, driven by a significant community update and potential listing on a larger platform, which could lead to such a rally.
Related Read – Pudgy Penguins vs PEPE – Crypto Experts Predict Pudgy’s Breakout
Bitcoin All-time Highs as PENGU Outperforms Solana memecoins
The crypto market is looking bullish once more, following historical price actions, as the price of Bitcoin has reclaimed its all-time highs above $113,000. Crypto altcoins and memecoins, including PENGU, are expected to demonstrate strong price action.
The news of PENGU’s potential listing on Hyperliquid could boost its price action in the coming weeks, as the price has shown strength dominated by bullish price action to the upside, followed by a strong bullish breakout on the higher timeframe, as the price of PENGU has the potential of hitting $0.1 before the end of 2025.
Following such price action, crypto experts such as Ali Martinez have long spoken on the potential of PENGU price as he suggested those sleeping on the current price action of PENGU should slap themselves as the price of PENGU looks increasingly bullish each passing day, as the price looks set for $0.1 before the end of 2025.
Pudgy Penguin (PENGU) Price Analysis
PENGU Price Chart – Source TradingView
Pudgy Penguin (PENGU) is trending following the price action of the Solana-based memecoin, defying the current Bitcoin dominance as the price has rallied by over 30% in the last 24 hours, suggesting the cost would face little or no price restriction as bulls push the price to the upside.
The price of PENGU in previous months has struggled, but it is now looking strong above the key support zone of $0.01, indicating a potential for a continuous rally to the upside. Crypto experts and traders would be looking to ride PENGU to potential highs.
