PENGU Memecoin Signals 35% Upside Potential With Buy Signal

The TD Sequential indicator on PENGU’s daily chart has transitioned to a buy signal, marking the end of a corrective phase for the memecoin. This pattern, which follows a completed nine-sequence countdown and a green setup, typically signals renewed upside potential. Market participants closely monitor this formation as it often coincides with reduced 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, and 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.

On June 25, a proposal was submitted 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 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 analysis on the 4-hour 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.