Pudgy Penguins Surges 200% Amid ETF Filings and Brand Recognition

Pudgy Penguins has demonstrated a strong bullish trend, bouncing off the $0.02122 support level and trading above both exponential moving averages (EMAs) with a relative strength index (RSI) holding steady at 66.45. This momentum has driven the price toward a target of $0.04006, following a 200% run. The surge is backed by exchange-traded fund (ETF) filings, robust volume, and increasing brand recognition.

Pudgy Penguins has maintained a strong structure after rebounding from the $0.02122 zone, which was previously identified as crucial for validation. The price did not drop below this level, and buyers entered the market precisely at this point, reinforcing the upward movement with conviction. The price action continued to rise, forming a rounded handle pattern above the previous resistance band. The base held between $0.015 and $0.022, with each dip producing higher lows, indicating consistent accumulation. After coiling into the neckline, the price is now curling upward again.

Following the breakout, the price jumped 20% and reached $0.02286, pushing directly into the $0.025 neckline. Volume has remained stable near 817.5K, with RSI sitting at 66.45, reflecting healthy momentum. The price also remains above both the $0.02122 and $0.01922 EMAs, confirming that the trend structure is intact.

Pudgy Penguins has now entered the breakout continuation zone as volume held firm through recent consolidation. This accumulation beneath the neckline aligns with structure-driven price strength. This rounded base now acts as the foundation for the next move. Each reaction to the EMAs confirmed directional bias. The price stayed above the moving averages after retests, reinforcing bullish structure on the 4H timeframe. RSI has held without crossing into overbought extremes, giving room for further expansion.

From this pattern, Pudgy Penguins is building toward the $0.04006 breakout target. That target aligns with psychological resistance and the top of the rounded setup. The recent bounce confirmed that the structure remains in favor of bulls.

Pudgy Penguins continues to gain attention as major entities switch their profiles to penguin-themed avatars. This branding momentum is now intersecting with technical upside. ETF talk has moved from speculation to filings. June’s Canary proposal included 80–95% PENGU weighting, and the SEC decision is expected soon. HyperLiquid’s listing on July 10 boosted volume while Pudgy NFTs jumped 25.8% to 11.8 ETH, showing increased traction.

Pudgy Penguins has already rallied from $0.0077 to $0.023. The price now trades above the critical $0.02122 level and holds near resistance. With structure respected, volume firm, and branding fueling sentiment, this breakout continues unfolding toward $0.04006. If Pudgy Penguins eventually mirrors Dogecoin’s peak market cap, the price would hit $1.42, marking a 66x move from here.