PENGU Price Primed for $0.44 Amid Robinhood Listing & ETF Buzz

The Pengu worth exhibits robust bullish drawing, with latest income supported by technical setups and a big announcement of Robinhood.

After a rally in July, Pengu now stabilizes above a very powerful ranges. With Robinhood Integration and an ETF software within the sport, the momentum appears to be constructing additional for this meme coin to blow up.

Pengu Value Holding agency after July Rally

In July the Pengu Value Binance rose to a spotlight of $ 0.0450, making it one of many placing artists within the Memin Munt space.

Regardless of the aggressive rally, the worth solely confirmed a minimal retracement that entered firstly of August. This gentle pullback now appears to have been efficiently cooled down as a result of the Every day Relative Power Index (RSI) nonetheless holds over the vital 50 level.

Within the space of the worth, the worth of Pudgy Penguins is snug within the neighborhood of a inexperienced assist zone between $ 0.0300 and $ 0.0350 that definitely factors to underlying energy from lengthy -term traders.

At the moment, the Pengu worth is at the moment on Binance $ 0.037068, which exhibits an intraday improve of 4%. With a market capitalization of $ 2.33 billion and a 24-hour commerce quantity of $ 694.08 million, curiosity on this meme-mint continues to develop.

Bullish Technical construction on all timetables

The Pengu/USDT Graphics not solely exhibits Bullish Momentum on the each day, but in addition on decrease schedules.

On the 4-hour graph, an analyst emphasised that the Pengu worth has lately been shaped above a falling channel as a consequence of latest retracement, whereas nonetheless holding his long-term rising trendline.

Likewise the analysts State in regards to the bullish comment that so long as this rising assist is in power, the Pengu worth USD might push to the $ 0.040- $ 0.044 zone. However, the analyst warned {that a} breakdown underneath this pattern line might trigger a retest of the $ 0.032- $ 0.030 assist zone, which appears to be like just like the assist space to see if Bearishe hits.

Equally, the 1 -hour graph confirmed the worth larger as an outbreak of the falling channel, as a complement to the Bullish Bias on a number of timetables.

Catalysts: Robinhood and ETF -Investing gasoline optimism

A rise in shopping for exercise adopted Robinhood’s Announcement of including Pengu to his superior buying and selling platform, Robinhood Legend.

This step has not solely elevated publicity within the US, but in addition follows the extension of Robinhood to the UK that open the doorways for a wider person base and potential new capital influx.

Add to optimism, Canary Capital has formally submitted an software for a Pengu Change-Traded Fund (ETF) on the US Securities and Change Fee (SEC).

Furthermore, the supervisor has additionally acknowledged the submission and initiated the evaluation course of. If accepted, this could mark the primary ETF that’s linked to a meme coin, which can set a precedent within the room.