Following its surprise listing on Robinhood, analysts are calling for a sharp rally in PENGU, with some targeting a 70% price increase in the near term.
Crypto strategist Olking believes PENGU is forming a classic breakout pattern, calling $0.12 the next key resistance—and suggesting DOGE-like growth could follow.
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The listing on Robinhood opens the door for mass-market participation, particularly for those priced out of Pudgy Penguin NFTs.
Another analyst, Trader Theory, views the token as a proxy investment for fans of the Pudgy brand. As NFT prices soar, PENGU offers a more accessible entry point for speculators betting on the project’s broader cultural impact.
On-chain data shows a surge in whale activity, with large holders accumulating more than 14 billion PENGU tokens during a recent dip. Inflows totaling nearly $12 million this week alone suggest growing institutional interest.
Meanwhile, Cboe’s submission to launch a PENGU ETF through Canary has added legitimacy, mirroring earlier ETF efforts seen with DOGE and other major tokens. If approved, it could mark a key step in integrating PENGU into traditional markets.
PENGU’s community engagement is off the charts. Its social media footprint has ballooned, now averaging nearly 1 billion daily views on X. Coupled with a rising holder count—over 567,000 addresses—and a built-in token burn mechanism via the PSG1 Console, analysts argue that PENGU’s fundamentals are solidifying.
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Source: https://coindoo.com/analysts-predict-70-rally-for-pengu-after-major-exchange-debut/