PENGU (Pudgy Penguins) rose 10.16% in the last 24 hours.

Gate News Bot message, July 10, according to CoinMarketCap data, as of the time of writing, PENGU (Pudgy Penguins) is currently priced at $0.02, with a pump of 10.16% in the last 24 hours, reaching a high of $0.02 and a low of $0.01. The current market capitalization is approximately $1.019 billion, an increase of $94 million compared to yesterday. Currently, PENGU ranks 71st in the global Crypto Assets market capitalization.

Pudgy Penguins is a global IP brand focused on spreading penguins, meme culture, and positive vibes. The brand produces content, merchandise, toys, and digital collectibles, dedicated to unleashing the childlike innocence within users. Pudgy Penguins believes in the power of play and imagination, creating a Web3 brand world full of creativity, freedom, and community spirit through its adorable penguin imagery.

PENGU recent important news:

1️⃣ Price breaks through key resistance level PENGU price has recently successfully broken through the long-term downtrend line and is above the 200-day moving average, indicating a potential long-term trend reversal signal. The range of $0.0175 to $0.020 has become a key resistance zone, and breaking through this range may trigger further rise.

2️⃣ New PENGU trading on the eToro platform PENGU token has been listed on the social investment platform eToro and is now open for trading. This move expands the liquidity and accessibility of PENGU, providing more investors with the opportunity to participate, and is expected to enhance its market influence.

3️⃣ Canary PENGU ETF application submission The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 application for the Canary PENGU ETF to the U.S. Securities and Exchange Commission (SEC). This move indicates that PENGU is seeking to enter the traditional financial market, which may attract more institutional investors' attention and have a positive impact on PENGU's price.

From a technical perspective, PENGU is currently near a key resistance level. If it can break through $0.020, it may further rise to the range of $0.022 to $0.024. However, short-term technical indicators show overbought conditions, and investors should be wary of potential retracement risks. On the fundamental side, PENGU's continuous expansion on mainstream trading platforms, as well as its outstanding performance in the "Altcoin Season Index", reflects the market's high level of attention towards the project.

This message is not intended as investment advice; investors should be aware of market volatility risks.