- PENGU cleared resistance at $0.022 and ripped to $0.03340 with RSI at 73.41 and volume hitting 14.7K on strong demand.
- ETF buzz fueled a sharp vertical breakout as traders now eye $0.040, with charts showing no rejection at recent highs.
- Price action stayed tight above $0.032 as buyers absorbed sell pressure, signaling momentum remains firmly in the bulls’ hands.
PENGU has cleared critical resistance at $0.022 and exploded toward $0.03340 within hours. The move comes as volume and RSI spike, with momentum favoring a near-term push toward $0.040.
Price Clears Supply Zone as Breakout Accelerates
According to a post by LennaertSnyder, Pengu/USDT broke past a major resistance cluster after rounding out a base. The chart shows a smooth cup breakout with a vertical extension supported by strong buyer activity. Price touched $0.035 and is now stabilizing just below that threshold.
The green parabolic curve marks the buildup phase, where months of consolidation turned into upward momentum. A deep resistance zone between $0.020 and $0.022 has flipped into support, creating a clean floor for this rally to extend further.
RSI Spikes, Volume Confirms Conviction Behind Move
On the 15-minute chart, PENGU hit $0.03340 while RSI lifted to 73.41. Volume surged above 14.7K, showing clear strength behind the move. No upper wick rejection followed the breakout, which confirms strong demand pressure.
Price exploded above $0.032 and held the zone as volume stacked. Tight candles with minimal pullbacks show steady execution from large orders. Momentum remains high, though some short-term traders could look to secure gains following the sharp move.
ETF News Drives Fresh Interest and Institutional Attention
In the same update, Snyder added that “pudgypenguins ETF is just the beginning,” placing the spotlight on institutional attention. The announcement has sparked a broader rotation into the token, with community and fund-level traction building fast.
The ETF’s structure centers on connecting digital assets to real-world collectibles. This is happening while PENGU’s exposure increases across speculative markets. The fund is likely backed by a mix of crypto-native assets and traditional custodial infrastructure.
Traders Target $0.040 While Chart Signals More Upside
With $0.03340 now acting as the local top, traders are watching for a clean sweep of that level. If momentum holds, $0.040 remains in play by day’s end. RSI is stretched, but price action still leans bullish.
Volume has not cooled off, and the chart continues to show pressure building at key intraday levels. This move has triggered major interest from both retail and institutions looking to front-run ETF momentum.
