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Pengu (PENGU)
What's interesting
Price: ≈ $0.015 (PENGU / USD)
Daily volume: ≈ $ 788 million
Market capitalization: ≈ $ 947 million
Why are we growing
1. Large whale purchases
Whale addresses have increased their positions, which has added liquidity.
2. Launch of the game "Pengu Quest"
Developers announced the beta release of a play-to-earn game on Solana in the second half of July.
3. NFT-&-ETF factor
In June, Canary Capital filed for an ETF where 80-95% of the assets are PENGU and Pudgy Penguins NFT. This added institutional interest.
4. The General NFT Boom
The recent rise in prices of Pudgy NFTs has also boosted the token ( with the "basket" effect ).
News background briefly
Rally +47% in a week amidst "frosty" market sentiments — PENGU "plays PEPE-style" and remains in traders' focus.
The fourth consecutive day of growth, expansion of use cases, active on-chain traffic.
Breakthrough of key resistances, volumes are rising above the monthly average.
Key levels:
Support: $ 0.013 ( correction 38 % Fib ), $ 0.0108 (20-SMA )
Resistance: $ 0.0164 ( intraday high ), then psychological $ 0.018 and $ 0.020
Trading plan ( I personally apply ):
I am waiting for a pullback to the zone $ 0.012 – 0.013 to accumulate < 10 % of the portfolio. Invalidating — daily close below $ 0.0108. Technical targets: $ 0.018 → $ 0.020.
Bullish factors
Liquidity from the ETF narrative and gamification.
The Pudgy Penguins ecosystem actively promotes the brand (merch, licenses).
Technically, the price has broken out of the 4-month triangle upwards.
Bear factors
RSI in the 70+ zone — high risk of a short "healthy" dump.
The SEC's approval of the NFT-ETF is not guaranteed; a failure could bring the price back to $0.010.
Sharp cooling of the NFT/meme market.
PENGU remains one of the few altcoins showing strength in a weak market. The growth is supported not only by speculation but also by fundamental catalysts such as ( gaming, a potential ETF, and community hype surrounding Pudgy Penguins). At the same time, overbought conditions and regulatory risks require a cautious approach: the strategy of "buying on dips" seems more preferable than chasing highs.