Will “Pengu” rise?
#PENGUToken 📈 Recent trends
●PENGU has experienced a strong rise in recent weeks, with increases of up to 300% driven by interest in NFTs, an event on Nasdaq, and rumors of a possible PENGU/NFT ETF.
●Technically, the price has broken patterns such as a downward channel, bullish flag, and triangle, suggesting targets between $0.041 and $0.081.
●Some analysts even project more ambitious levels of $0.12–0.15 or even $0.24, if PENGU manages to replicate the trajectory of PEPE Coin.
⚠️ Risks and technical support
●If it fails to maintain support between $0.028 and $0.035, it could drop to levels between $0.025 and $0.020.
●Significant inflows of tokens to exchanges were recorded (≈ 336 million), which could translate into selling pressure if holders attempt to liquidate positions.
✅ Provisional conclusion
●There are technical and fundamental signals (ETF, institutional appearance, whale accumulation) that support a possible bullish move in the medium term.
●If support levels hold and interest in NFTs remains strong, we could see rises towards $0.045–0.08, with optimistic scenarios pointing to $0.12 or more.
●But it is not without risks: any breakdown below $0.028 could lead to a significant correction.