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The Pudgy Penguins price soared 30% in the last 24 hours to trade at $0.02173 as of 11:21 p.m. EST as traders enter into long positions for the crypto.
The rally by the PENGU price comes after the US Securities and Exchange Commission (SEC) acknowledged Canary’s filing for a PENGU ETF (exchange-traded fund).
NEWS: $PENGU is up by 28.0% after the SEC acknowledged the filing for Canary's spot PENGU ETF. pic.twitter.com/a3Gwmw11qH
— CoinGecko (@coingecko) July 10, 2025
Pudgy Penguins Price Challenging Resistance, Can It Break Through?
Daily chart for PENGU/USD (Source: GeckoTerminal)
The Pudgy Penguins price is attempting a challenge at the $0.02109 resistance, data from GeckoTerminal shows. Should the meme coin clear this technical barrier, it could have the room needed to rise to the next major resistance level at $0.02486.
However, a rejection from the $0.02109 mark might invalidate the bullish thesis. In this alternative scenario, the Pudgy Penguins price might fall to the immediate support level at $0.01793. If sellers overwhelm buyers in the short term, PENGU could end up dropping to as low as $0.01514.
Technicals Suggest The Pudgy Penguins Price Might Keep Rising
From a technical point of view, indicators on the daily chart suggest the Pudgy Penguins price might continue to rise in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.
That’s after the MACD line started to break away above the MACD Signal line, which is a classic indication of strengthening momentum. As the gap between these two technical indicators grows, it will be easier for bulls to drive the price of PENGU up higher.
Buyers also seem to be much stronger than sellers, as suggested by the RSI readings that have risen over the last 48 hours. Traders will just want to watch this indicator, because the current reading in the high 70s warns the Pudgy Penguins price is in overbought territory.
Oftentimes, those overextended conditions are taken as a sell signal, because it’s seen as an indication that a crypto’s downside potential is greater than its upside potential.
Traders deciding to reduce their downside risk based on the current RSI standing could lead to some sell pressure on the crypto’s price. This might then result in a test of the support level at $0.01793.
As the Pudgy Penguins price tries to continue its bullish move, investors are also piling into the presale for Snorter Token (SNORT). According to analyst and YouTuber Jacob Crypto Bury, who has over 57K subscribers, SNORT has the potential to soar 100X after its launch.
Telegram Trading Bot Snorter To Help Traders Challenge Whale Dominance
Snorter Token introduces one of the quickest and most cost-effective crypto trading bots in the market. The Telegram-based bot enables users to perform sub-second swaps, snipe new tokens, copy other top traders and monitor their portfolios in real-time, all from the popular messaging app.
Traders can also capitalize on new meme coin trading opportunities as soon as they emerge. With the bot, smaller retail traders will also have the tools needed to challenge the dominance of crypto whales, who share their next moves in secretive groups and perform trades at the expense of unsuspecting traders.
Meme coin trading can be risky, but the Snorter bot comes with rug pull and honeypot scam detection. It has also shown an 85% success rate in identifying and protecting users from sham projects. As such, users can rest assured that Snorter has their back while they try to pounce on all of the meme coin opportunities.
All of those features come with low fees as well. Just by holding SNORT tokens, users slash their fees from 1.5% to 0.85%.
While the bot will initially launch on the Solana blockchain, which is a popular choice for meme coin developers, the team have said in the project’s roadmap that the bot’s functionality will be expanded to chains compatible with the Ethereum Virtual Machine (EVM).
That means that users will soon be able to capitalize on almost all of the opportunities that present themselves in the market.
Investors Rush To SNORT’s Presale For High Staking Rewards
Snorter Token has raised over $1.7 million in its ongoing presale so far, signaling strong investor confidence in the project’s future.
A possible reason for the strong demand at this early stage, other than Snorter bot’s trading capabilities, could be the 216% APY on offer to presale buyers.
To get in on the rewards, investors will first need to buy SNORT via the widget on its site. The token is selling for $0.0977 and can be bought with both crypto or bank card. These tokens can then be staked on the staking page on the website.
Interested investors will want to buy before the next presale price hike in around 6 hours.
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