🚨 $PENGU explodes with +18% after boom in NFT sales and upward technical patterns
🔹 $PENGU rises by 18% to $0.039 (intraday high), marking its best level since January, driven by a 51.9% increase in sales of Pudgy Penguins NFTs, which reached $10M in 7 days.
The daily volume of $2.14B positions it as the #59 token by market capitalization ($2.3B).
"Smart money" accumulated $101M in PENGU, signaling that institutional wallets are entering.
Technically, it broke a cup-and-handle pattern with a theoretical target at $0.055, and is now consolidating in a bullish triangle, with a confirmed "golden cross" (SMA 50 crosses over 200).
The MACD and RSI indicators are in the momentum zone, and open interest in futures has reached a new high at $590M.
✅ Why is it relevant?
1. This reaction shows that the meme & NFT market remains active, even in uncertain crypto environments.
2. The entry of institutional capital, along with clean technical patterns, suggests that PENGU is not just hype, but an asset with real momentum.
3. Surpassing key levels could catapult the token into the range of $0.055–$0.07, with no significant resistance until the previous ATH.
Do you think $PENGU will exceed $0.055 this week? Respond and vote! 🐧
