Pudgy Penguins Price Analysis – PENGU Eyes $0.04 Amid ETF Chatter

Highlights:

• PENGU price is putting a lot of pressure on the weekly resistance
• Rally through weekly resistance could push PENGU to $0.04
• FOMO could push the price to $0.04

Pudgy Penguins (PENGU) is in the green today and shows stronger momentum than other meme coins. At the time of writing, Pudgy Penguins was trading at $0.01374, up by 3.85% in the day. PENGU’s trading volumes are also on the rise, up by 4.78% in the day to stand at $650.5 million. PENGU’s rising momentum is mainly driven by good news reports that point to its rising adoption. The broader market is also sending bullish signals, further boosting adoption. 

PENGU Could Soon Have An ETF

One of the factors driving PENGU in the short term is news that it could get an ETF of its own. Canary Capital has filed an ETF filing with the SEC for the PENGU token and Pudgy Penguins NFT ETFs. ETFs are a big deal as they offer both institutional and retail money easy access to cryptocurrencies through conventional methods. The impact of ETFs is evident in the surge in the value of Bitcoin since its ETFs were launch.

Ethereum is also showing positive signals after hints that Ethereum staking ETFs could become a reality soon. As such, the buzz around PENGU ETFs could trigger a rally in the short term as investors FOMO in expecting a surge in value. As more investors get to learn of this reality, PENGU could be well on its way to eliminating a zero from its price.

The $PENGU token by @pudgypenguins is up 76% in 7 days 🤯

And the reason is wild,

Canary Capital has filed $PENGU ETF approval with SEC.

If this gets approved (it will ofc), then $pengu is gonna be $pepe of 2025.

Bought a good bag here.

Let them penguins fly 🐧🪽 pic.twitter.com/6uf5NvCweE

— manya (@manyaaww) June 29, 2025

NASDAQ PENGU Mascot Boosts Pudgy Penguin Profile

Besides the ETF filing itself, the Nasdaq has gone out of its way to publicize the Pudgy Penguin mascot. On the 23 of June, the NASDAQ plastered the Pudgy Penguin mascot on the opening bell. This is a big deal as it gave PENGU massive visibility on social media and other platforms. Investors looking to maximize returns through meme coins but unsure of which one to choose are likely to keep flooding into PENGU in the short term, even before the ETF is approved. It is a factor that could see PENGU continue gaining momentum in the short to medium term.

Wait a second @vaneck_us opens the market… and right there, alongside them?
A @pudgypenguins the only and only $Pengu mascot on the ring.

In the middle of ETF season, market volatility, and global headlines
we get a Web3-native brand up on that stage. Ringing the bell.… pic.twitter.com/BdehXpscZp

— Djani (@DjaniWhaleSkul) June 23, 2025

PENGU could also benefit from the surge in exchanges listing it. Recently, PENGU has been listed on multiple exchanges, including South Korea’s UpBit and Revolut. This is a big deal for PENGU as it raises its profile as a meme coin that the average investor can trust. Additionally, through the ease of access that comes with more exchanges, PENGU could soon experience FOMO, which could push its price to new highs in the short term. 

Whales Are Accumulating PENGU

However, the most significant indicator that PENGU could be headed for a breakout is the ongoing whale accumulation. In the last 48 hours, PENGU has seen whale accumulation of 200 million tokens. This is a big deal not just in terms of creating buying pressure, but also in terms of driving the narrative that PENGU is in demand. The impact of this whale accumulation is potential retail FOMO that could see PENGU rally to new highs within a short time.

Whales are waddling in. 🐧

In the last 30 days:
– Whale holdings of $PENGU are up +11.37%
– Public figure wallets grew positions by +7.07%
– Top 100 wallets increased by +2.27%

Meanwhile, price lagged behind, only recovering recently. pic.twitter.com/6bAgcKeXY6

— Nansen 🧭 (@nansen_ai) June 28, 2025

Technical Analysis – Pudgy Penguins Pushing Weekly Resistance

PENGU is gaining bullish momentum, and this is evident on the weekly chart. On this chart, PENGU is consolidating, but there is a lot of pressure on the $0.0139 resistance. If PENGU bulls sustain the pressure and breach this resistance, then a rally to $0.04 could follow.

On the other hand, if bulls fail at the $0.0139 resistance, then two scenarios could play out. The first is a possible consolidation between the $0.0139 resistance and $0.00385 support. The second is where bears take over and push PENGU through the $0.00385 support to prices below $0.003. Of these scenarios, a rally to $0.04 is higher due to a confluence of bullish factors around PENGU at the moment.