The price of PENGU surged by 15% in a single day, leaving investors curious about whether it can reach the $0.10 mark. Trading volume exploded alongside this rise, reaching over $1 billion within hours, driven partly by comments from Jerome Powell’s hints at potential September rate cuts. This sparked speculation that PENGU could hit higher targets. However, some analysts are cautious, noting technical resistance but still envisioning a climb toward $0.10 for the token in the long term. 📈 💰 📈
The momentum behind PENGU is fueled by several factors: strong community engagement, expansion into new markets, and promising partnerships with major players like VanEck and Bitwise.
Technical analysis reveals a double bottom formation that supports the bull flag pattern, but further confirmation of breakout is needed. High open interest also suggests increased market participation and anticipation of a break. Meanwhile, liquidity levels reveal an imbalance between long and short positions.
This surge in PENGU prices has been bolstered by growing adoption across various platforms. The coin’s listing on major exchanges, its inclusion in regulatory filings, and partnerships with industry giants have helped solidify its position as more than just a memecoin. 🌐
While the rally remains volatile and prone to corrections, observers are hopeful that PENGU can truly reach $0.10.
Will it reach $0.10 or will it be another fleeting pump? Only time will tell. 🔥