Is PENGU USD Ready For A +400% Surge? PENGU Meme Coin Breaking Out

As an eventful week ends, Bitcoin and a number of the finest cryptos to purchase are regular. BTC USD is agency above $116,000 whereas the Ethereum value is wavy across the $4,500 stage. In the meantime, PENGU USD is defying gravity, including a good +15%, shaking off the weak spot of early this week.

Whereas PENGU crypto is down within the meme coin rankings throughout the board, it nonetheless has an energetic group and first rate buying and selling quantity. In line with Coingecko, PENGU is the prime Solana meme coin with a market cap exceeding $2.2Bn. Nonetheless, like different meme cash, together with TRUMP, PENGU USD is underneath strain, sliding almost -5% prior to now 24 hours.

(Supply: Coingecko)

On Coinglass, most merchants are bullish on PENGU USDT. The lengthy/brief ratio is above 1.5, particularly on Binance. This might imply that almost all merchants and accounts on the world’s largest crypto alternate are optimistic about what lies forward. Regardless of this skew, PENGU buying and selling quantity is down throughout most perpetual exchanges. Whereas it’s over $420M on Binance, buying and selling quantity is down almost -8%.

(Supply: Coinglass)

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Is PENGU USD Prepared For a +400% Spike?

From the PENGU ▼-4.93% each day chart, the trail of least resistance is northward.

Over the past six months, the PENGU value has greater than doubled, including +180%. In the meantime, positive factors have been spectacular within the final three months. PENGU USD surged a outstanding +300%.

pudgy penguins

Worth

Market Cap

PENGU

$3.24B

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The native help for the PENGU value is at $0.03 and $0.025. On the higher finish, PENGU crypto bulls should comprehensively shut above $0.04 and ideally, $0.045 on rising buying and selling quantity. If PENGU bulls take over, PENGU USD may lengthen positive factors posted over the past three months, racing in direction of December 2024 highs of round $0.07.

On X, one dealer thinks PENGU USD is on the cusp of posting a 4X rally within the coming few days. He notes that the PENGU value is breaking out from a “textbook” cup-and-handle formation. When it does, PENGU crypto may simply fly to $0.22, a +400% spike.

(Supply: ali_charts, X)

The cup-and-handle formation is a bullish sample carefully monitored by chartists. From the PENGU USD value motion, the fast resistance marking the rim of the “cup” is $0.04.

A detailed above this stage opens up the PENGU value for a retest of December 2024 highs and finally, $0.22 because the analyst tasks.

What’s going to Drive The Pengu Worth To Recent All-Time Highs?

How the PENGU value accelerates to new all-time highs depends upon a number of elements.

If SOL USD breaks above $300, curiosity in Solana-based tokens like PENGU will enhance, lifting demand.

Apart from this optimistic correlation between Solana and Pengu, establishments are exploring the meme coin. In March 2025, Canary Capital filed for a Canary Spot Pengu ETF with the USA SEC.

$PENGU & Pudgy Penguin NFT ETF.

First of its sort.

Historical past pic.twitter.com/pFoD8LsnJI

— Luca Netz (@LucaNetz) March 20, 2025

Not like different ETFs, together with Bitcoin and Ethereum, the fund will comprise +80-95% of PENGU and +5-15% Pudgy Penguins NFTs.

The regulator acknowledged the S-1 registration in July 2025, however the software continues to be underneath evaluation.

Furthermore, Pudgy Penguins, which is linked with PENGU, is aggressively increasing its model into Asia. The Pengu Wonderland launch has pushed its recognition in China and South Korea.

With presence in Asia, Pengu is being strategic, strengthening its cultural footprint whereas concurrently driving the utility of PENGU through in-game purchases and NFT integrations.

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