Can Pudgy Penguins Soar 5X? $PENGU Coin Sparks Hopes After 24% Surge

Pudgy Penguins Price Prediction After 24% Surge: Can PENGU Lead the Meme Coin Comeback?

In a move that caught the crypto market’s attention, Pudgy Penguins ($PENGU) surged more than 24% in the last 24 hours, climbing to $0.01208 while recording a staggering 319% increase in trading volume, now at $449.75 million. This sudden price action has reignited interest in the popular meme-NFT project, leaving investors and traders asking: Is this the start of a major uptrend for PENGU, or just another fleeting rally in a volatile market?

Here is a closer examination of why Pudgy Penguins is rising now, what technical and fundamental indicators suggest for its next moves, and a segmented price prediction for 2025, providing a clear, data-driven perspective for those tracking this token’s trajectory.

Source: X

Why Is Pudgy Penguins ($PENGU) Going Up? Three Catalysts Driving the Surge

1. Upbit Listing and Liquidity Spike

One of the primary drivers behind the current rally is the recent listing of $PENGU on Upbit, a leading South Korean exchange. This listing now allows Korean investors to trade PENGU against KRW (Korean Won), USDT (Tether), and BTC (Bitcoin), significantly increasing accessibility for a large and active crypto trading community.

The direct result has been a rapid increase in trading activity and liquidity, driving upward price momentum while attracting speculative interest from traders who see the token as an undervalued entry within the meme-NFT sector.

2. ETF Filing Sparks Institutional Attention

Adding fuel to the bullish momentum is a 19b-4 ETF filing submitted to the SEC by Cboe/Canary Capital, which includes Pudgy Penguins in its proposed crypto ETF basket. This rare development in the meme coin landscape has generated buzz among institutional investors, indicating that $PENGU may soon gain indirect exposure to institutional portfolios if the ETF secures regulatory approval.

ETF speculation has historically played a pivotal role in driving price rallies across crypto assets, as seen with Bitcoin and Ethereum. For a meme-NFT project like Pudgy Penguins, such a development represents a significant step toward mainstream adoption and financial legitimacy.

3. Technical Breakout Triggers FOMO

After months of consolidating within a sideways channel, PENGU’s price action has finally broken out of a falling wedge pattern—a classic bullish reversal indicator in technical analysis. This breakout has sparked fear of missing out (FOMO) among traders, with many now speculating that the token could be entering a sustained upward phase.

While caution is advised due to current overbought signals, the technical breakout suggests PENGU may have found a solid support level, paving the way for further gains if momentum persists.

Analyst Insights: “In July, We Will Fly”

Top crypto analysts are closely monitoring PENGU’s movements. Crypto trader Crypto Raven noted that PENGU is forming a bullish flag pattern while maintaining support above its short-term exponential moving averages (EMAs), including the 10, 13, and 20-day EMAs.

Raven advises traders to consider gradual accumulation during minor pullbacks, with a dollar-cost averaging (DCA) strategy to capitalize on potential dips while maintaining exposure to further upside if bullish momentum continues.

Technical Indicators: Strong Signals, But Watch for Resistance

Recent technical analysis on PENGU’s 2-hour Coinbase TradingView chart reveals several key bullish signals:

• MACD: A widening gap between the MACD and signal line indicates strong upward momentum.

• RSI: Currently at 75.79, suggesting overbought conditions but confirming high demand.

• EMA Support Zones: The price has found short-term support in the $0.0108 to $0.011 range.

• Resistance Levels: Immediate resistance is expected near $0.013 and $0.014.

Additionally, crypto analyst Ali Martinez reported on X that the TD Sequential indicator has flashed a buy signal, which historically leads to accelerated price movement in the short term. Combined with the ETF speculation, these technical signals provide a strong bullish backdrop for PENGU in the near term.

Pudgy Penguins Price Prediction: What Comes Next?

For those tracking the Pudgy Penguins price prediction for 2025, here is a clear outlook based on current data, market sentiment, and technical patterns.

Short-Term (Next 7 Days)

Following the recent breakout, PENGU may experience a minor cooldown toward $0.011 to retest support before attempting a push toward the $0.013–$0.014 resistance zone. This phase will test the sustainability of the current rally.

Mid-Term (Next 2–3 Months)

If the NFT sector continues its revival alongside strong community engagement, PENGU could target a price range of $0.018–$0.022 by Q3 2025. Continued news around ETF progress, exchange listings, and NFT ecosystem developments will be key factors influencing this move.

Source: X

Long-Term (End of 2025)

Assuming a broader macro bull market in crypto, further brand expansion for Pudgy Penguins, and the rollout of additional Web3 integrations, PENGU may realistically target a price above $0.05 by the end of 2025. This projection aligns with the scenario where ETF approval materializes, driving institutional capital into the token and solidifying its place within the meme-NFT and crypto ecosystem.

Community Sentiment: Building Toward a Meme Coin Renaissance

The current surge in Pudgy Penguins’ price and trading volume reflects renewed market interest in meme-NFT projects, which many had written off during recent market downturns. The combination of strong technical signals, narrative catalysts like the ETF speculation, and increasing liquidity is forming a compelling case for PENGU’s upward trajectory.

Community sentiment remains positive, with phrases like “In July, we will fly” trending among traders, hinting at collective optimism for the month ahead.

Final Thoughts: Is Pudgy Penguins Leading the Meme Coin Comeback?

Whether driven by ETF speculation, strategic exchange listings, or technical breakouts, Pudgy Penguins has re-emerged in the crypto conversation with significant momentum. As the broader crypto market recovers and narrative-driven trading strategies return to the spotlight, PENGU’s performance could set the tone for a meme coin renaissance.

For those asking, “Why is Pudgy Penguins going up?” the answer lies in a combination of real utility, technical momentum, and renewed investor confidence in the meme-NFT ecosystem.

If these catalysts continue to align, PENGU may not only sustain its recent gains but also chart a path for new all-time highs in the coming months. As always, investors are advised to conduct their own research and apply sound risk management strategies when trading in volatile crypto markets.

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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