๐ฃ๐๐ก๐๐จ ๐ฆ๐ข๐๐ฅ๐ฆ ๐ฎ๐ฌ%: ๐๐ฎ๐ป ๐ง๐ต๐ฒ ๐ก๐ฒ๐ ๐๐ง๐ ๐๐ผ๐ฝ๐ฒ ๐ฆ๐ฒ๐ป๐ฑ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ง๐ผ $๐ฌ.๐ฌ๐ญ๐ฎ๐ฑ๐ฑ?
PENGU โ the Solana memecoin inspired by Pudgy Penguins โ is surging hard, gaining +20% in 24h and drawing major attention. ๐
๐ฅ Why Is PENGU Pumping?
โ Price: $0.01111
โ Market Cap: $699M
โ 24h Volume: Up 226% to $278M
The trigger? ๐ข A new ETF filing that could open the doors for institutional investment into PENGU.
๐ง ETF News: Whatโs Coming?
The CBOE BZX Exchange filed with the U.S. SEC to list the Canary PENGU ETF.
โก๏ธ The fund would invest 80โ95% in PENGU tokens, and the rest in Pudgy Penguin NFTs (on Ethereum).
โก๏ธ Itโs a first-of-its-kind ETF mixing meme coins + NFTs.
โ ๏ธ While itโs still pending approval, this filing could boost legitimacy and visibility for PENGUโespecially among big investors.
๐ Simple Technical View (4h Chart)
PENGU broke resistance at $0.01187
Next major target: $0.01255
RSI: At 78 (Overbought = caution, but shows strength)
Support: Around $0.00960 (recent bounce)
Volume: Massive 226% rise = strong buying interest
โ Price is trading above the 20-SMA, showing bulls are in control
โ ๏ธ But RSI near 80 = watch for cool-down or short-term pullback
๐ง What Traders Should Watch
Hold above $0.0115 to keep bullish momentum alive
A break above $0.01255 could open door toward $0.014+
But if RSI overheats, expect a dip back to $0.0098โ$0.0102 zone (a healthy reset)
๐ Final Take:
PENGU is gaining momentum with ETF hype + whale interest + strong volumes.
But remember, meme coin rallies are volatile. Set your targets and stay alert!