{"id":79633,"date":"2025-07-10T08:01:50","date_gmt":"2025-07-10T08:01:50","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=79633"},"modified":"2025-07-10T08:01:50","modified_gmt":"2025-07-10T08:01:50","slug":"viral-meme-coin-pengu-price-skyrockets-29-amid-spot-etf-buzz","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=79633","title":{"rendered":"Viral Meme Coin PENGU Price Skyrockets 29% Amid Spot ETF Buzz"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

PENGU completes bullish retest, with analyst Ali projecting $0.060 target by early August.
\nOpen interest surges past $176M, suggesting strong trader conviction behind PENGU\u2019s latest breakout.
\nResistance levels at $0.032 and $0.044 may act as stepping stones toward the $0.060 target.<\/p>\n

<\/a><\/p>\n

PENGU Price Rallies Following Spot ETF Filing Acknowledgement<\/h2>\n

The price of PENGU, a Solana-based memecoin, surged nearly 29% in the past 24 hours. The move followed the US Securities and Exchange Commission\u2019s (SEC) acknowledgment of a filing for the Canary Spot PENGU ETF. At the time of writing, the popular meme coin<\/a> was exchanging hands at $0.01902 with a 24-hour trading volume of $431 million.<\/p>\n

Meanwhile, this development sparked renewed interest in the token, with many traders reacting to the ETF filing as a possible catalyst for broader adoption. Over the past 7 days, PENGU has gained over 16%, building on strong momentum as anticipation grows over potential ETF approval.<\/p>\n

Chart Signals Support for Higher Targets<\/h2>\n

Crypto analyst Ali shared a chart showing that PENGU recently completed a textbook bullish retest near $0.013. The price has since rebounded and is now targeting $0.060 by August, according to the projection.<\/p>\n

Slap yourself if you are sleeping on $PENGU<\/a>. This is a textbook bullish retest. $0.060 by August is just the start. Once the ETF gets approved, who knows how far this can go. https:\/\/t.co\/QJJVClSNjl<\/a> pic.twitter.com\/KfXhNAmgeq<\/a><\/p>\n

\u2014 Ali (@ali_charts) July 9, 2025<\/a><\/p>\n\n

\u201c$0.060 by August is just the start. Once the ETF gets approved, who knows how far this can go,\u201d Ali wrote.<\/p>\n

Notably, resistance zones are marked near $0.032, $0.044, and $0.060. The pattern suggests a reversal of the downtrend that began in February, supported by a newly confirmed support level just above $0.013.<\/p>\n

Open Interest Spikes Alongside Price<\/h2>\n

Data from Coinalyze reveals that aggregated open interest (OI) surged past $176.9 million as the price rose above $0.019. This sharp increase in OI reflects a flood of new positions being opened during the rally.<\/p>\n

\n<\/a>Source: Coinalyze\n<\/div>\n

Rising OI along with price often points to bullish positioning from traders rather than short covering. However, elevated OI also carries risk, as rapid liquidation could occur if momentum fades.<\/p>\n

According<\/a> to our recent analysis, PENGU may be preparing for a larger move. Analyst Martinez noted that the token could soon test the $0.044 level, which would represent a 200% gain from earlier trading levels.<\/p>\n

The post Viral Meme Coin PENGU Price Skyrockets 29% Amid Spot ETF Buzz<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR PENGU completes bullish retest, with analyst Ali projecting $0.060 target by early August. Open interest surges past $176M, suggesting strong trader conviction behind PENGU\u2019s latest breakout. Resistance levels at $0.032 and $0.044 may act as stepping stones toward the $0.060 target. PENGU Price Rallies Following Spot ETF Filing Acknowledgement The price of PENGU, a […]<\/p>\n","protected":false},"author":0,"featured_media":79634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-79633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79633"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79633"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/79633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/79634"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}