The latest Etf Penguins in Pudgy has caught the attention of the encryption community. After SEC admitted that the ETF Spot file associated with Pengu, the price jumped over 32 % in just one day, as the participants rushed to the news.
Pudgy Pencil Perfumes as SEC recognizes
In a step that caught the attention of Community Meme and ETF Watches, SEC officially admitted Submit a spot ETF penguin from Canary. It is an unusual development but it wanders in the title, especially given that it belongs to the podigue penguin. Although this is not ETF approval, recognition alone has sparked momentum. Although organizational clarity is a hot topic through the encryption space, this development gives the penguin a boost.
SEC recognizes the immediate Pengu ETF benefit from Canary. source: Post Solana Via x
Follow the price is followed quickly. After the news erupted, PenGU increased by 32.8 % in one day, making it the largest winner among the 100 best encrypted currencies. The rise came in a clean outbreak with the rushing of the participants, and speculated what the investment funds circulating for legitimacy and exposure can be concerned. Although it is still in the early days and the ETF path is long, the initial reaction shows that the Penguin community is interested.
The current PUDGY PENGUINS price is $ 0.1941, an increase of 32.84 % in the past 24 hours. Source: a new courage currency
The penguin orders note indicates great attention
While Etf’s approval was the main engine, acomathor I have already monitored early signals. It only shows the aggression of the penguins of penguins that demand stacked books before the news arrives. Light the bid side with a huge size, indicating a strong accumulation before the official announcement decreases.
Pengu Oder Cooks Books with Heavy Bidding Size. source: acomathor Via x
While the ETF file gave it the final batch, accumulation books indicate that the market has already begun to transform its position on the penguin. Whether it is speculation or enlightened position, the data shows a clear intention. If the momentum remains hot and follow -up to the purchase, this purchase may continue, this may pave the way for an upper gathering.
The technical structure of the penguin is now flashing the preparation of continuity
Ali Martinez The last reduction of the penguin adds another layer to the narration of the momentum. His analysis shows a re -test of the rise of the school book, with price breaking up to the main resistance of about $ 0.015, and now it is kept as a new support. This type of structure often leads to continuity, especially when stimuli is supported. Pengu had a clean re -test of penetration, and the reaction now indicates that it is ready to continue in the future.
PenGU recalls a level of $ 0.015 as support, with a re -test ascending to possible goals of up to $ 0.060. source: Ali Martinez Via x
Ali Martinez believes that $ 0.060 is a reasonable goal by August if this structure is turned on. From a technical point of view, the previous horizontal areas that served resistance now fluctuated to support it, and the volume began to support this step. If buyers remain in control, the path is about $ 0.028, $ 0.038, and even the upper domain of $ 0.060 becomes an investigation.
Penguin goal in the short term now in focus
Based on the preparation of a continuation of Martinez, the encryption analyst Forgetting forgetfulness It enhances the upcoming ups in the short term of a road. After stirring a $ 0.015 area to strong support, the price now climbs up to the top half of its broader range. The structure is clean, each level that stood under pressure, and the hack has so far followed the sequence of textbooks to restore and follow up.
Pengu targets 0.0240 dollars the following because the price maintains support and climbs through the key levels in a clean outbringing. source: Forgetting forgetfulness Via x
Technically, this type of price behavior indicates the strength behind this step. After ETF and upscale follow -up, the next test for bulls is at $ 0.0240. From there, eyes can turn into $ 0.028 and outside.
Final ideas: Penguins to lead mimokin?
While the daily increase of 32 % of Pengu may look like a typical elevation of the coin, the structure behind it looks different this time. ETF declaration adds a layer of legitimacy, and the technology indicates, such as restoring $ 0.015 support and high size, strong momentum.
If this momentum continues and ETF recounts more strength, the Bodion Pencil birds can exceed Mimi’s position and take the initiative in the next MIM.
Source: https://bravenewcoin.com/insights/pudgy-pentuins-pentu-price-predcast-32-jump-on-etef-buzz-puts 024-and0-060-in-sight