TD Sequential Ignites PENGU Rally—$0.012 Is the Next Stop

  • The daily chart’s completed nine-countdown and green setup indicate PENGU’s corrective phase may be over, laying the groundwork for a potential rally to $0.012.
  • Canary Capital’s June 25 Form 19b-4 proposal for a PENGU ETF could channel regulated capital into the memecoin, boosting liquidity and market depth.
  • A bounce off the 61.8% retracement on the 4-hour chart, combined with accelerating volume and higher lows, primes PENGU for a decisive break above $0.0100 toward key Fibonacci extensions.

The TD Sequential indicator on PENGU’s daily chart time frame flipped to a buy signal, indicating the end of a corrective phase for the memecoin. This formation, which follows a completed nine-sequence countdown and transitions into a green setup, often signals renewed upside potential. Market participants track this pattern because it coincides with easing selling pressure and the emergence of buyers at support levels.

The nine-countdown concluded near $0.0089, after which PENGU began to attract increased trading activity. Key exchange order books show a rising bid side. Volume on upward moves has outpaced declines, reinforcing the buy signal. If market conditions persist and moving averages remain supportive, technical models project a rally toward the $0.012 threshold in the coming sessions.

ETF Proposal Advances Regulatory Access

On June 25, Canary Capital submitted a Form 19b-4 proposal to the CBOE to introduce a PENGU ETF. The filing outlines a fund structure allocating the majority of its assets to PENGU tokens, with a secondary allocation to select non-fungible tokens for regulated exposure to both cryptocurrency and NFT assets under established SEC rule change procedures.

If approved, the PENGU ETF would offer investors a risk-managed conduit to memecoin markets and could unlock new institutional capital. Analysts expect ETF listing to drive sustained liquidity inflows and bolster trading volume. A clear regulatory framework may also enhance price discovery and market depth, supporting PENGU’s advance toward $0.012 under regulatory oversight and derivative markets.

Intraday Momentum Reinforces Bullish Outlook

Intraday analysis on the 4-hour Binance chart shows PENGU generated a TD Sequential nine signal at the 78.6% Fibonacci retracement level of the prior high of $0.0100. The token retraced to the 61.8% level near $0.00778 before rebounding, indicating the downtrend may have exhausted itself and priming the market for another leg higher.

Over the past 24 hours, PENGU has formed a sequence of higher lows and higher highs, with trading volume accelerating on each advance and exceeding levels seen during declines. The token remains supported above its 50-bar moving average, while resistance near $0.00980 persists. A break above $0.0100 could unlock Fibonacci extensions at 1.272 ($0.01068) and 1.618 ($0.01096), setting the stage for the $0.012 target.

Hot this week

Crypto Momentum Fuels Litecoin (LTC): Technicals Point to Major Upside Breakout

Litecoin (LTC) now trades near the apex of a symmetrical triangle on the weekly chart.

XRP Holds Key EMA as Whales Accumulate and Trump Backs Crypto

XRP whales accumulated 60 million tokens in just 24...

Lotte Group’s Daehong Communications Launches Blockchain Ecosystem on Aptos

Lotte’s Daehong integrates Giftiel onto Aptos, tokenizing over a...

Indonesia Raises Crypto Taxes: A Bold Move Amid Growing Adoption

Indonesia doubles crypto transaction taxes, impacting domestic and overseas...

Ethereum Whales Scoop $2.43B as Open Interest Hits Record High

Nine fresh wallets now hold over 640,000 ETH since...

Topics

Crypto Momentum Fuels Litecoin (LTC): Technicals Point to Major Upside Breakout

Litecoin (LTC) now trades near the apex of a symmetrical triangle on the weekly chart.

XRP Holds Key EMA as Whales Accumulate and Trump Backs Crypto

XRP whales accumulated 60 million tokens in just 24...

Lotte Group’s Daehong Communications Launches Blockchain Ecosystem on Aptos

Lotte’s Daehong integrates Giftiel onto Aptos, tokenizing over a...

Indonesia Raises Crypto Taxes: A Bold Move Amid Growing Adoption

Indonesia doubles crypto transaction taxes, impacting domestic and overseas...

Ethereum Whales Scoop $2.43B as Open Interest Hits Record High

Nine fresh wallets now hold over 640,000 ETH since...

Dogecoin Poised for Rebound? TD Sequential Buy Signal Sparks Optimism

TD Sequential buy signal suggests a potential Dogecoin rebound...

Bitcoin Market Cooling: A Potential Opportunity for Investors

Bitcoin’s overheating level drops below 12%, signaling a healthier...

$PENGU Builds Momentum as Technical Indicators Signal Bullish Reversal

$PENGU shows bullish reversal signals as TD Sequential, RSI divergence, and market cap recovery align. Is liftoff next? Here's what traders need to know.
spot_img

Related Articles

Popular Categories

spot_imgspot_img