PENGU Surges 126% on Pudgy Party Launch, Suplay Deal and ETF Speculation
PENGU has surged 126% over the past week, climbing to $0.03433 after a 17% 24-hour gain and a 12% daily jump to $0.03456. The rally is driven by Pudgy Penguins’ licensing deal with China’s Suplay Inc., the upcoming Pudgy Party mobile game with Mythical Games, and a $5,000 PENGU giveaway targeting US users.
On-chain volume hit $1.69 billion as social buzz peaked ahead of the iOS and Android game launch. ETF speculation and a TRON reference by Justin Sun added to market excitement.
Technical indicators confirm bullish momentum. The daily RSI is overbought while the Awesome Oscillator shows sustained green bars above the midline. The KST has risen above 1,100, and Chaikin Money Flow indicates heavy inflows.
Analysts highlight support levels at $0.024, $0.015 and $0.009, with resistance zones at $0.043–$0.045 and a potential test of $0.05 if an ETF filing succeeds. Traders should watch for short-term pullbacks near the upper Bollinger Band and key support levels.
Bullish
Strategic partnerships, a major game launch, token giveaways and ongoing ETF speculation provide strong fundamental catalysts for PENGU’s price. On-chain volumes and social metrics show heightened activity, while multiple technical indicators reinforce the bullish trend. In the short term, volatility may arise as traders take profits near resistance levels. Over the long term, successful game adoption, licensing revenues and potential ETF approval could attract further institutional inflows and sustain upward momentum.