The price of the pengu exits a 40% increase, the eyes of 0.015 dollars before the potential ETF approval

Pengu The price exploded from the multi-week consolidation phase, jumping 38% in the last 24 hours in the middle of a growing extent, watching $ 0.015 next.

Pudgi penguins (Pengu) In the last 24 hours in the last 24 hours, it is broken from a multi-week accumulation phase marked with lateral movement and small volatility. Now testing the previous resistance level to 0.008 dollars – $ 0.010 – a zone that previously marked the failure level in early March before it started extended consolidation between 0.004 and $ 0.006.

Brarstan is supported by clear volume increase and swing indicators flashing bikar signals. The RSI broke past 70 years and MACD has just switched to Bakarian territory, with a MACD line that climbs well above the signal line and that it is different. The price is also closed above the 20-day EMA and 50-day SMA three consecutive days – for the first time in months – signals a potential shift in trend.

With the volatility that returns to the chart as an average real range that begins to climb from 21. April, the conditions are mature to continue movement.

Once the penga interrupts above the imminent resistance to 0.010 USD, the next key to watch is about $ 0.015 – another psychological zone in which it was sold by the pressure it was mounted at the end of January, which could act as the next major resistance. The ambitious goal is about $ 0.022, where it formed a strong horizontal support by following the leg and held stably from mid to the end of January.

One main catalyst that could drive a penguene price even more in the coming months is potential approval waiting Pengu ETF submit from Canary capital.