PENGU Hits $1.50 Before Pullback as ETF Buzz Builds, Here’s the Price Structure Supporting It

PENGU briefly reached $1.50 after breaking key resistance levels at $0.12 and $0.33.

ETF speculation grows as PENGU's price pattern mirrors pre-ETF trends of BTC and ETH.

The 10-day SMA around $0.035 continues to act as a consistent short-term bounce level.

PENGU has attracted fresh interest from both retail and institutional circles amid renewed ETF-related speculation and strong technical performance. The token has seen increased volume and wallet activity since May 2025, with recent price action showing strong upward momentum. At the time of writing, PENGU was trading at $0.04193.

ETF Discussions and Market Structure Support Continued Growth

PENGU has been the subject of growing discussion regarding a potential ETF approval, though no official filing has yet been confirmed. According to analysis prepared by BRUH, this narrative has strengthened following the asset’s strong market structure, breaking previous resistance levels around $0.12 and $0.33 before briefly reaching $1.50 in September.

While no ETF application has been submitted to the U.S. Securities and Exchange Commission, PENGU’s recent price and volume behavior mirrors patterns seen in assets that later gained ETF traction. The increased speculation follows similar trends observed with Bitcoin and Ethereum before their respective ETF approvals in 2024 and early 2025.

Trading activity also supports the ongoing momentum. According to data from CoinMarketCap, PENGU surpassed the market cap of SHIB in early August and continued climbing toward levels previously reached by DOGE. The token has maintained a strong presence on both decentralized and centralized exchanges.

10-Day SMA Proves a Reliable Short-Term Trigger

The 10-day simple moving average (SMA) has emerged as a key short-term technical level for PENGU. According to an observation by Ali Martinez on X, each recent test of the 10-SMA has resulted in a sharp price bounce. As of now, PENGU is once again hovering near that zone around $0.035.

Source: AliMartinez(X)

If the price holds this level, traders may see it as a re-entry opportunity. The pattern has shown consistency in recent months, suggesting the zone may again serve as a launch point. This setup aligns with broader market sentiment, where buyers are monitoring support closely amid expectations of continued upside.

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