The meme token PENGU shows rapid growth, surpassing Dogecoin (DOGE) in trading volume on the popular Korean exchange Upbit.
Outpacing DOGE in Trading Volume
PENGU reached an all-time high of $0.0455 before slightly retracing to $0.044. In recent sessions, PENGU's trading volume on Upbit has exceeded that of DOGE, indicating a shift in trader interest.
Technical Analysis and Predictions
According to @ali_charts, PENGU's price may rise to $0.052. Technical analysis reveals a breakout of the ascending triangle, creating bullish signals and increasing investor confidence.
Interest from Korean Traders
Korean traders are driving PENGU's rise, shifting their focus from DOGE to the new meme token. The increase in trading volume and growing interest in PENGU confirm this trend.
In conclusion, PENGU continues to capture market attention, with its growth supported by strong technical indicators and activity from Korean traders.