#ProjectCrypto
Why is the price of $PENGU rising?✨✨✨✨
Pudgy Penguins (PENGU) rose by 10.3% in 24 hours thanks to the NFT market momentum, bullish technical patterns, and renewed retail interest.
1. Recovery of the NFT market driven by Ethereum's dominance and prominent collections like Pudgy Penguins.
2. Bullish flag breakout signals attracting traders despite the overall market volatility.
3. Increase in social sentiment surrounding the expansion of the Pudgy Penguins brand and speculation about ETFs
#MarketPullback What are the latest updates on PENGU?
Pudgy Penguins (PENGU) shows mixed signals: the volatility of the NFT market, bullish technical patterns, and expansion efforts in the traditional market face macroeconomic headwinds and profit-taking. Neutral in the short term, with cautious optimism in the long term.
The PENGU rally reflects a combination of recovery in the NFT sector, technical optimism, and a solid brand positioning strategy. Although speculation about ETFs and partnerships in gaming (like Pudgy Party) provide narrative momentum, traders should monitor NFT volumes on Ethereum and the resistance level at $0.045.
Will the PENGU rally hold if Bitcoin's dominance continues to rise above 61%?