Join Our Telegram channel to stay up to date on breaking news coverage
The Pudgy Penguins price soared 27% in the last 24 hours to trade at $0.0134 as of 11:09 p.m. EST on trading volume that surged 143% to $601 million.
The PENGU price has been on the rise over the last week, increasing by more than 57%, after the Cboe BZX exchange filed Form 19b-4 with the US Securities and Exchange Commission (SEC) to seek listing and trading of the Canary PENGU ETF shares.
The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF
— Eric Balchunas (@EricBalchunas) June 25, 2025
As the ETF could lead to broader adoption of the asset, can the price of Pudgy Penguins continue soaring?
Pudgy Penguins Price Analysis: Falling Wedge Breakout Ignites Bullish Momentum
The PENGU price recently broke out of a well-defined falling wedge pattern, a bullish reversal signal that had been forming for several weeks.
This breakout was accompanied by a strong upward move, which suggests a potential shift in market sentiment. The Pudgy Penguins price is now trading above the 50-day Simple Moving Average (SMA), indicating short-term bullish momentum and suggesting a trend reversal may be underway.
Meanwhile, the Relative Strength Index (RSI) currently stands at 64.29, approaching the overbought region but still leaving room for further upward movement before signaling potential exhaustion.
Moreover, the Moving Average Convergence (MACD) has turned positive with both the blue MACD line and orange signal line above the zero mark. The MACD line has also crossed above the signal line, indicating a bullish crossover and positive momentum for the price of Pudgy Penguins.
If momentum continues, the next key resistance for PENGU lies near the $0.01784, a 30.38% surge from the current level.
PENGU/USDT Chart Analysis (TradingView)
However, a failure to hold above the 50-day SMA could trigger a retest of the $0.009071 support zone.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER is one of the best crypto ICOs to buy now.
Bitcoin Hyper Presale Closes On $2 Million – Buy And Stake For 449% APY
Bitcoin Hyper is a low-cap Bitcoin layer-2 presale that’s already raised $1.74 million. The project is gaining early attention for combining scalability, fast transactions, and meme coin characteristics within Bitcoin’s layer-2 ecosystem.
Although Bitcoin dominates the crypto space, its network lacks the speed needed for modern use. Bitcoin Hyper aims to change that by launching the first scaling solution explicitly built for BTC.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
This new layer-2 runs on the Solana Virtual Machine (SVM), enabling fast transaction speeds, lower fees, and support for high-performance applications. The project will utilize a Canonical Bridge to track BTC deposits and reflect them on the layer-2 network.
If investors buy and stake now, they can also unlock a 449% annual return. The rate decreases as more people join, so it’s best to get in early.
Investors interested in participating in the presale can visit the official Bitcoin Hyper website to buy HYPER tokens for $0.012075 each using crypto or a bank card.
Buy before the next price increase in about 34 hours.
Visit the Bitcoin Hyper website.
Related Articles:
- NFT Sales Surge +10% To +$125M This Last Week Of June 2025
- New Cryptocurrency Releases, Listings, & Presales Today – Context Layer, Silensio, Buyai
- SEI Leads CoinMarketCap Gainers With 13%
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
