PENGU Price Holds Despite Market Volatility
The market cap of PENGU is $1.8 billion, and it trades at $0.02879. Even though the market as a whole is weak, the token is holding up. This stability draws the attention of investors.
PENGU fell by 3.8% in the last week. But the daily volume of $155.5 million shows that there is a lot of activity. Traders are still focused on the launch of the ETF.
ETF Launch Fuels Growing Excitement
The PENGU ETF will definitely happen on October 12. Experts and people in the community call it a historic event. The event could change the amount of money available.
Broski, a well-known analyst, told people to buy before the launch. He said that the fourth quarter could be very important. Investor interest keeps growing.
Community Hopes for Historic Quarter
The Pudgy Penguins community sees October 12 as a big change. Holders think that awareness and adoption will go up a lot. The ETF is the most important thing for them to think about.
There is a lot of buzz on social media. Traders think this event could get more people interested. There may be immediate benefits for liquidity.
Recommended Article: Pudgy Penguins Eyes Ten Cents After Forty Day Reset Phase Now
A Technical Setup Points to PENGU’s Next Major Breakout
Some experts think PENGU could reach $3 billion soon. If the momentum keeps up, the market cap could reach $5 billion. This hope makes people want to buy more.
There is consolidation between $1.7 billion and $1.8 billion on the charts. Breakout arrows point to higher goals. Traders think the setup is good.
Whale Activity Increases Trust
PENGU is still being added to whale wallets. Strategic investors are slowly adding to their positions. Their actions show that they believe in the long term.
This kind of behavior often shows that someone is more confident. Whales betting on fundamentals makes things more believable. This trend makes smaller investors feel better.
Risks of Downside Still Exist
If PENGU falls below its current support level, corrections may get worse. A drop below a market cap of $1.7B could shake people’s faith. These levels are very important to traders.
Even though there are risks, the community is still hopeful. A strong defense of support shows that you are strong. The launch of the ETF could stop the bearish momentum.
PENGU’s Price Potential: A $5B Market Cap Is in Sight
PENGU is at a crucial point. The launch of the ETF makes it more legitimate and gives it more liquidity. People who watch the market think this will change everything.
If whales and community support stay strong, it is possible to reach upside targets. A market cap of $5 billion is possible. People are still very hopeful.
