The cryptocurrency market is buzzing with excitement around the Pending ETF filing for Pengu (PENGU), which has attracted new investors looking to capitalize on potential gains. This has led to a surge in trading volume, pushing PENGU’s price towards new highs. The bullish sentiment is fueled by analysts who predict a breakout after observing a clear upward pattern in the asset’s price action. Key resistance levels at around $0.038 could trigger a significant move toward $0.045, $0.055, and even $0.075. ,
The market is particularly interested in PENGU’s potential for growth due to several factors:
– A pending ETF filing backed by the CBOE and SEC review, generating renewed interest in the asset.
– Growing trading volume exceeding $600 million.
– Continued support from Robinhood’s Advanced platform listing which provides additional access and tools to users.
Analysts like Ali Martinez have highlighted PENGU’s price action, describing it as a clear sign of potential for a significant breakout. Additionally, Altcoin Sherpa notes the token’s utility with its NFT and revenue-based projects, attracting a wider market segment.
Route 2 FI also voiced his support for PENGU, comparing its impact to that of Dogecoin and highlighting the project’s strong team, community, and cross-chain connectivity via Ethereum and Solana.