The Pudgy Penguins ecosystem is back in the spotlight as its native token, $PENGU, surged more than 12% in the past 24 hours, climbing to $0.0323 with daily volumes approaching $600 million.
The move has landed the PENGU token among the day’s top crypto gainers, reigniting debate over whether the meme coin can sustain momentum amid looming regulatory and technical catalysts.
PENGU ETF Delay Fuels Speculation
Market chatter intensified after the SEC delayed its decision on the Canary Spot PENGU ETF to October 12, 2025. While delays often pressure prices, traders view the product, bundling PENGU tokens with NFTs, as a milestone in legitimizing meme assets.
Its novelty has drawn comparisons to the early Bitcoin ETF saga, with speculation that approval could open floodgates for institutional flows.
At the same time, on-chain activity shows accumulation patterns, with Pudgy Penguins’ official account noting that while there are over 800,000 holders, only 5,700 have joined the “PENGU Platoon,” a sign of untapped community engagement.
Pengu Platoon is the community of the Pudgy Penguins ($PENGU) ecosystem on X (Twitter).
Pudgy Penguins Traders See Breakout Potential
Crypto analysts are split on short-term direction. Popular analyst Ali (@ali_charts) pointed to a TD Sequential buy signal on PENGU’s 3-day chart, calling it a clear “BUY right now.”
This indicator, often used to time market reversals, suggests that the PENGU coin could be entering a fresh accumulation phase after weeks of consolidation.
For traders who watch momentum-driven setups, this aligns with the growing belief that PENGU may be primed for its next leg higher.
Meanwhile, Livercoin emphasized PENGU’s cultural staying power beyond the charts, noting that it’s one of the few meme IPs crossing into mainstream media and non-crypto circles.
“If crypto doesn’t top soon, this meme is always gonna outperform even after such a massive rally,” he wrote, adding that he is “praying for a pullback to the blue box” before a potential move back toward all-time highs (ATH).
This dual perspective, technical conviction from chartists and cultural validation from meme-focused traders, underscores why rotation into PENGU remains strong despite broader market volatility.
Furthermore, TradingView indicators lean bullish, with momentum, MACD, and 13 of 15 moving averages flashing buy signals. Pudgy Penguins price (PENGU) has risen 419% over the past six months and 856% year-to-date, although it remains 14% lower this month.
Key resistance sits at $0.036–$0.038, with support near $0.030. A breakout could set up an ATH retest, while losing support risks a dip toward $0.027.
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