The SEC acknowledged a spot ETF filing linked to Pudgy Penguins (PENGU), leading to a 32.8% price jump within one day.
Prior to the ETF news, PENGU order books showed significant accumulation, indicating a shift in market sentiment towards the cryptocurrency.
Technical analysis suggests a bullish momentum for PENGU, with key levels turning into support and potential targets of $0.028, $0.038, and $0.060 by August.
Crypto analysts predict a short-term target of $0.0240 for PENGU, with a clean breakout structure and strong price behavior supporting the bullish outlook.