Pudgy Penguins (PENGU) Price Prediction: 32% Jump on ETF Buzz Puts $0.024 and $0.060 in Sight

Pudgy Penguins (PENGU) surges over 32% after ETF news, with technicals and momentum pointing to a potential breakout toward the $0.024 level.

Pudgy Penguins’ latest ETF news has caught the attention of the crypto community. After the SEC acknowledged a spot ETF filing linked to PENGU, the price jumped over 32% in just one day, as participants rushed in on the news.

Pudgy Penguins Sores as SEC Acknowledges Spot ETF Filing

In a move that caught the attention of both meme community and ETF watchers, the SEC has officially acknowledged the filing for a spot PENGU ETF from Canary. It’s an unusual but headline-grabbing twist, especially considering it ties back to Pudgy Penguins. While this isn’t an ETF approval, even the acknowledgment alone has sparked momentum. With regulatory clarity being a hot topic across the crypto space, this development gives PENGU a boost.

SEC acknowledges a spot PENGU ETF filing from Canary. Source: The Solana Post via X

The price action followed fast. After the news broke, PENGU soared 32.8% in a single day, making it the biggest gainer among the top 100 cryptocurrencies. The spike came on a clean breakout as participants rushed in, speculating on what an ETF could mean for long-term legitimacy and exposure. While it’s still early days and the ETF path is long, the initial reaction shows that the PENGU community is interested.

Pudgy Penguins’ current price is $0.1941, up 32.84% in the last 24 hours. Source: Brave New Coin

PENGU Order Book Signals Major Interest

While the ETF acknowledgment was the main driver, Acomathor had already spotted early signals. It shows just how aggressively the Pudgy Penguins order books stacked up right before the news hit. The bid side lit up with massive volume, suggesting strong accumulation well before the official announcement dropped.

PENGU order books lit up with heavy bid volume. Source: Acomathor via X

While the ETF filing gave it the final push, the buildup in order books suggests the market had already begun shifting its stance on PENGU. Whether it was speculation or informed positioning, the data shows clear intent. If momentum stays hot and follow-through buying continues, this could set the stage for a bullish rally ahead.

PENGU Technical Structure Now Flashes Continuation Setup

Ali Martinez’s latest take on PENGU adds another layer to the momentum narrative. His analysis shows a textbook bullish retest, with price breaking above key resistance around $0.015 and now holding it as new support. This kind of structure often leads to continuation, especially when backed by catalysts. PENGU had a clean retest of the breakout, and the reaction now suggests it is ready for continuation ahead.

PENGU reclaims key $0.015 level as support, with bullish retest pointing toward potential targets up to $0.060. Source: Ali Martinez via X

Ali Martinez believes $0.060 is a reasonable target by August if this structure plays out. From a technical standpoint, the previous horizontal zones that acted as resistance now flip to support, and volume has started to back the move. If buyers stay in control, the path toward $0.028, $0.038, and even the upper range of $0.060 becomes achievable.

PENGU Short-Term Target Now in Focus

Building on Ali Martinez’s continuation setup, crypto analyst Limbo reinforces the short-term bullish outlook for PENGU. After flipping the $0.015 zone into solid support, the price is now climbing into the upper half of its broader range. The structure is clean, each level has held up under pressure, and the breakout has so far followed a textbook sequence of reclaim and follow-through.

PENGU targets $0.0240 next as price holds support and climbs through key levels in a clean breakout structure. Source: Limbo via X

From a technical standpoint, this kind of price behavior suggests strength behind the move. After the ETF acknowledgment and bullish follow-through, the next test for bulls is at $0.0240 level. From there, the eyes could shift to $0.028 and beyond.

Final Thoughts: Pudgy Penguins to Lead Memecoins?

While PENGU’s 32% daily surge may look like a typical meme coin spike, the structure behind it feels different this time. The ETF acknowledgment adds a layer of legitimacy, and the technicals, like the reclaim of $0.015 support and rising volume, suggest strong momentum.

If this momentum continues and the ETF narrative gains more strength, Pudgy Penguins could move beyond meme status and take the lead in the next memecoin cycle.