🐧 $PENGU : are the penguins from Walmart storming crypto? IPO rumors and +62% in a week 🔍
📊 Current picture
PENGU is trading at $0.0086 with a market cap of $598M. Over the week, the coin gained 62% on rumors of a Pudgy Penguins IPO, exchange promos, and a short squeeze. The NFT collection's floor price broke above 5 ETH — this is no longer just a meme token, but a full-fledged brand.
📈 Technically
Support: $0.0075, resistance: $0.0091-0.0098. On September 2, the price got a rejection from the descending trendline, which led to a 4.3% correction. It is now consolidating ahead of the next move.
🔥 Main trigger
**Pengu Card** — a collaboration with Visa and KAST has already launched! The token can be spent on real retail cards and video games. Plus, speculation about a Pudgy Penguins IPO (though not officially confirmed) is fueling institutional interest.
🎯 Two scenarios:
🚀 Bullish: breakout above $0.0091 and holding above it ➡ move toward $0.015 (the previous ATH after an 80% rally in April).
📉 Bearish: loss of $0.0075 ➡ correction to $0.0060-0.0065 (levels from early August).
⚠️ DYOR — not financial advice.
#pengu #PudgyPenguins
Where will the penguins fly next?
📊 Current picture
PENGU is trading at $0.0086 with a market cap of $598M. Over the week, the coin gained 62% on rumors of a Pudgy Penguins IPO, exchange promos, and a short squeeze. The NFT collection's floor price broke above 5 ETH — this is no longer just a meme token, but a full-fledged brand.
📈 Technically
Support: $0.0075, resistance: $0.0091-0.0098. On September 2, the price got a rejection from the descending trendline, which led to a 4.3% correction. It is now consolidating ahead of the next move.
🔥 Main trigger
**Pengu Card** — a collaboration with Visa and KAST has already launched! The token can be spent on real retail cards and video games. Plus, speculation about a Pudgy Penguins IPO (though not officially confirmed) is fueling institutional interest.
🎯 Two scenarios:
🚀 Bullish: breakout above $0.0091 and holding above it ➡ move toward $0.015 (the previous ATH after an 80% rally in April).
📉 Bearish: loss of $0.0075 ➡ correction to $0.0060-0.0065 (levels from early August).
⚠️ DYOR — not financial advice.
#pengu #PudgyPenguins
Where will the penguins fly next?
