๐ช๐ต๐ฎ๐น๐ฒ๐ ๐๐ฟ๐ฒ ๐๐๐๐ถ๐ป๐ด ๐ฃ๐๐ก๐๐จ! ๐๐ง๐ ๐๐ผ๐ฝ๐ฒ๐ + ๐๐๐น๐น๐ถ๐๐ต ๐๐ต๐ฎ๐ฟ๐ ๐ฆ๐ฒ๐๐๐ฝ = ๐ก๐ฒ๐ ๐ ๐๐% ๐ ๐ผ๐๐ฒ?
๐ธ Whatโs Happening With PENGU?
โ PENGU (Pudgy Penguins meme coin) just pumped +20% today and is now trading at $0.0116.
๐ This spike came as Canary filed for a PENGU ETF on the Cboe exchangeโmarking the second-ever meme coin ETF filing after DOGE.
๐ฐ Thatโs not all. Whales are loading up. Over the past 30 days:
Top 100 wallets added +2.27% more tokens
Public whale wallets grew by +7%+
Big wallets are now holding over 11% more PENGU overall
โก๏ธ Clearly, something big is brewing behind the scenes.
๐ Simple Technical Breakdown
๐ฉ Chart Pattern: Falling Wedge Breakout
PENGU has just broken out of a falling wedge pattern (which often signals the end of a downtrend and start of a rally).
Itโs now testing previous resistance and could flip it into supportโthis confirms the trend change.
๐ If the breakout holds, the next upside target is $0.019 โ about +70% higher from here.
๐ Indicators Also Look Bullish:
RSI is at 57, showing strong momentum but still not overbought
AO (Awesome Oscillator) is cooling off from bearish levels, signaling trend reversal
๐ง What Should Crypto Traders Do Now?
๐ If you're already holding:
Consider holding through to the $0.019 resistance zone
Watch if volume stays strong and price holds above wedge resistance
๐ If you're not in yet:
Look for a small dip or retest around $0.011โ$0.0112 area
Entry on support + confirmation of strong volume could offer better risk-reward
โ ๏ธ But be cautious: This is still a meme coin, and ETF approval is not guaranteed yet. Ride momentumโbut manage risk.
All combined, this paints a powerful short-term setup for a potential +70% moveโbut only if ETF optimism holds and the breakout confirms.