PENGU Rises 12.6 as SEC Reviews NFT-Linked ETF

This week, the cryptocurrency market has experienced a mix of optimism and turbulence as PENGU, ATOM, and BlockDAG each tell distinct stories. PENGU is drawing attention for its potential breakout from a classic cup-and-handle pattern, with analysts estimating a price target of $0.082 if it clears resistance at $0.045. Currently trading at $0.03843, PENGU has surged 12.6% over the week after rebounding from a $0.030 support level. The token has seen an impressive 800% rise since its 2025 lows, fueled in part by growing adoption in Asia and a key step toward regulatory credibility with the SEC’s review of an NFT-linked ETF application backed by CBOE[1].

In contrast, Cosmos (ATOM) faced a volatile session that saw it drop from $4.77 to $4.48 over two days before staging a late rally. The token briefly pushed past $4.56 in the final hour of the session, breaking key resistance levels and establishing a new short-term support zone at $4.54. This bounce came on the back of Coinbase announcing support for the dYdX token (COSMOSDYDX) on the Cosmos network, offering a potential catalyst for institutional interest despite ongoing uncertainty[2].

Meanwhile, BlockDAG (BDAG) has emerged as a standout performer in the presale arena, having raised over $374 million. Priced at $0.0276 in Batch 29, the token is trading well below its confirmed launch price of $0.05, creating early value for investors. The project is gaining traction not just for its fundraising numbers but also for its Dashboard V4, which simulates a live trading environment for presale participants. This includes real-time price charts, order books, and interactive features such as referral tracking and bonus calculators. The platform also supports EVM compatibility and offers a low-code smart contract builder to streamline dApp development[3].

BlockDAG’s hybrid blockchain-DAG structure enables high throughput and scalability, making it an attractive proposition for developers. Furthermore, its expanding brand presence includes partnerships with Major League Rugby’s Seattle Seawolves and Major League Cricket’s Seattle Orcas, which are enhancing its real-world adoption through NFT-based experiences and fan tokens. These strategic alliances are contributing to a broader narrative that extends beyond the typical crypto investor base[3].

PENGU’s path to $0.082 will depend on whether it can maintain momentum and hold the $0.030 support level amid growing speculation around its NFT-linked ETF prospects. ATOM’s near-term outlook remains uncertain, with traders watching closely to see if the recent rebound can hold and lead to a sustained recovery. However, BlockDAG’s combination of strong presale performance, innovative platform features, and real-world partnerships is setting it apart in what has otherwise been a fragmented market week.

As investors assess these developments, the broader cryptocurrency market remains in a state of flux, with short-term volatility likely to continue in the near term.

[1] https://coinmarketcap.com/community/articles/689e09239bb94c0402775a1e/