๐ PENGU Shoots with ETF in Play: Opportunity or Passing Hype?
Today the token $PENGU rose by more than +25%, reaching $0.0119, following the news that the Cboe BZX Exchange submitted a request to the SEC to list the Canary PENGU ETF. This is huge for a project that is still establishing itself in the market.
๐ Technical analysis on the daily:
RSI(6): 74.99 โ overbought, signal of a possible breather in the short term.
EMA(7): 0.01029 and EMA(25): 0.01017 โ confirmed bullish crossover.
EMA(99): 0.01140 โ price just broke through this key resistance.
Volume exploding: 2.5 billion, showing strong buyer interest.
๐ก Insight: If the ETF is approved, this token could come onto the institutional radar. But be careful โ we are in overbought territory. A pullback may occur before any new rally.
๐ My personal strategy:
I have already taken partial profits and left the rest in hold with a stop below 0.0095. If it breaks 0.0122 with volume, I will reassess for a new entry. ๐ฏ
๐ And you, are you in PENGU or did you miss this move?
