PENGU Token's Technical Breakout and Market Sentiment Shift: A Short-Term Momentum Play in Altcoins

PENGU presents a high-risk, high-reward scenario for short-term momentum traders. While technical indicators and ecosystem growth offer a bullish case, structural risks-including regulatory uncertainty and declining NFT demand-cannot be ignored. Traders should prioritize tight stop-loss orders and position sizing, treating PENGU as a speculative play rather than a long-term holding. As the Cboe ETF decision looms, the coming weeks will be pivotal in determining whether PENGU can transition from a volatile altcoin to a viable momentum asset.