The meme coin PENGU, associated with Pudgy Penguins, has shown significant price growth ahead of the upcoming launch of Pudgy Party and ETF news.
PENGU's Growth Ahead of Game Launch
In recent days, the price of PENGU has climbed to $0.03433, marking an increase of over 126% in the past week and nearly 17% in the last 24 hours. Trading volume has surged to $1.69 billion, indicating growing interest in the cryptocurrency as the launch of Pudgy Party approaches.
Technical Signals Confirm the Rally
Technical indicators such as the Awesome Oscillator and KST are showing strong buy signals. The Awesome Oscillator is printing strong green bars above the midline, while the KST is trending upwards, confirming the strength of the current trend. Analysts note that PENGU recently broke out of its previous trading range and is now trading above key resistance at $0.033.
Optimism from ETF Filing and Social Buzz
Trader interest is also buoyed by a pending SEC decision on an ETF application, which could lead to further gains. Social media discussions surrounding the meme coin have intensified, drawing attention from prominent figures like Justin Sun.
The rise of PENGU reflects not only the expectations tied to the Pudgy Party game but also the positive influence of ETF news and active social media discourse, creating an optimistic sentiment among traders.
