[Analysis] "Pudgy Penguins Bullish Amid ETF Applications, Asian Market Growth, and Strong Toy Sales"
Suehyeon Lee
Summary
- It was noted that Pudgy Penguins is showing bullish signals thanks to spot ETF applications, growth in the Asian market, and strong toy sales.
- The analyst reported that a bullish flag pattern was detected on the chart, suggesting a short-term target price of $0.10.
- Pudgy Penguins is currently trading at $0.03572 on CoinMarketCap, up 15.97% from the previous day.
The popular meme coin Pudgy Penguins (PENGU) is showing bullish signals.
On the 23rd (local time), cryptocurrency analyst Ali Martinez stated on X, "Pudgy Penguins is attracting attention based on news of spot ETF applications, growth in the Asian market, and strong toy sales worth millions of dollars," adding, "As a result, a bullish flag pattern has been detected on the chart with a short-term target price of $0.10."
Meanwhile, Pudgy Penguins is currently trading at $0.03572 on CoinMarketCap, up 15.97% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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