PENGU rockets 40%—bulls target $0.015 as crypto ETF hype builds

Another day, another meme coin defying gravity. PENGU’s breakout surge smells like speculative froth—just in time for Wall Street’s ETF rubber stamp.

Price action: The token ripped past resistance levels, leaving bagholders cheering and SEC lawyers sighing. Technicals suggest $0.015 is the next psychological magnet.

Market pulse: Traders are front-running the usual ’approval pump’ playbook. Because nothing says ’sound investment’ like betting on regulatory theater and penguin-themed tokens.

With volatility returning to the chart as average true range starting to climb since April 21, conditions are ripe for continued movement.

Once PENGU breaks above the immediate resistance at $0.010 and holds with good volume, the next key level to watch is around $0.015 — another psychological zone where selling pressure mounted in late January, which might act as the next major resistance. A more ambitious target lies around $0.022, where strong horizontal support formed following a leg down and held steady from mid to late January.

One major catalyst that could drive PENGU’s price even higher in the coming months is the potential approval of the pending PENGU ETF filed by Canary Capital.