PENGU Price Eyes Breakout After Arkham Listing and ETF Review Progress

Key Insights

PENGU maintains gains above EMA20, positioning for a possible breakout toward the $0.045 resistance level after recent market recovery.

The Arkham Exchange listing for spot and perpetual trading has strengthened PENGU’s market momentum during its current accumulation phase.

Technical and fundamental catalysts, including a pending ETF review, align with price patterns suggesting significant upside potential this cycle.

PENGU is trading at $0.0404 after recovering from a recent low of $0.0312. The memecoin has moved back above its EMA20 following several sessions below the level. This recovery positions the asset to retest the $0.045 resistance, a level where it previously faced selling pressure.

The recent listing of PENGU on Arkham Exchange for both spot and perpetual contracts has supported the token’s momentum. This addition has increased market visibility and trading activity during what analysts describe as an accumulation phase. Market watchers note that PENGU’s current price structure mirrors patterns seen in other memecoins before sharp rallies.

Technical Patterns Indicate Possible Upside

Crypto analyst Ali Martinez highlights that PENGU is forming a cup-and-handle pattern, a setup often linked with breakouts. If confirmed, this formation could lead to a price move toward $0.082. The chart similarities with PEPE’s past rally further strengthen the technical case for potential gains.

Source: X

The SEC has begun reviewing a pending application for a PENGU exchange-traded fund. The development is viewed as a major fundamental milestone that could expand market access if approved. The ETF proposal comes alongside the project’s strategic shift under CEO Luca Netz, which involves acquiring stakes in Web3 companies and leveraging the Pudgy Penguins community to support them.

Growth Strategy Aims to Expand Reach

The new approach seeks to create a sustainable revenue model estimated at up to $100 million annually. This strategy intends to generate value for both the project and its partners while broadening PENGU’s presence in the digital asset space.

If current price action continues to track PEPE’s rally, analysts suggest possible targets of $0.24 and $0.70. These represent increases of approximately 494% and 1,632% from current levels. Such projections remain dependent on continued technical strength and market conditions.