$PENGU USDT – ETF FUEL IGNITES MEME ROCKET!
ETF BUZZ + NFT HYPE
CUP & HANDLE BREAKOUT IN PLAY
PENGU just exploded 34% after the SEC acknowledged the Canary PENGU ETF — the first hybrid memecoin + NFT ETF proposal.
This triggered a technical cup-and-handle breakout above $0.017, with bulls now eyeing a 75% upside toward $0.0318. Volume surged 280% to $656M, RSI holds steady at 61.22, and MACD has flipped bullish — signaling sustained momentum.
Whales accumulated 2.18B PENGU in the last 30 days, while exchange reserves dropped 8.3%, easing sell pressure. Derivatives joined the party too — with positive funding rates returning for the first time since July 1.
Trade Setup:
Long Entry: Above $0.017
Targets: $0.0265 / $0.0318
Stop Loss: $0.0142
With BTC dominance rising to 63.76%, PENGU could remain strong if meme sentiment and ETF narratives continue to heat up.