{"id":3988,"date":"2025-06-25T10:58:05","date_gmt":"2025-06-25T10:58:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/pudgy-penguins-pops-at-nasdaq-with-vaneck-as-market-watches-for-pengu-price-breakout\/"},"modified":"2025-06-25T10:58:08","modified_gmt":"2025-06-25T10:58:08","slug":"pudgy-penguins-pops-at-nasdaq-with-vaneck-as-market-watches-for-pengu-price-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/pudgy-penguins-pops-at-nasdaq-with-vaneck-as-market-watches-for-pengu-price-breakout\/","title":{"rendered":"Pudgy Penguins pops at NASDAQ with VanEck as market watches for PENGU price breakout"},"content":{"rendered":"
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Pudgy Penguins\u2019 Nasdaq spotlight has ignited fresh bullish momentum in PENGU price, pushing the token toward a potential breakout from a months-long bullish pattern.<\/p>\n

Pudgy Penguins (PENGU) mascot recently stole the spotlight alongside VanEck at the Nasdaq opening bell ceremony, which took place on June 23 at the Nasdaq MarketSite in Times Square, New York. <\/p>\n

At the ceremony, Matthew Sigel, VanEck\u2019s Head of Digital Assets Research, rang the bell, while Pengu\u2019s presence was a symbolic nod to crypto\u2019s growing mainstream acceptance.<\/p>\n

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\ud83c\udf10 Access unlocked.<\/p>\n

\u26a1 @vaneck_us<\/a> is ringing the @NasdaqExchange<\/a> Opening Bell alongside Web3 leaders\u2014bridging crypto, tech, and finance.<\/p>\n

\ud83d\udd14 Here\u2019s to shaping the future of investing! pic.twitter.com\/NF8kxyEDLr<\/a><\/p>\n

\u2014 Nasdaq Exchange (@NasdaqExchange) June 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The appearance at the ceremony comes amid a wave of momentum for Pudgy Penguins, including the recent launch of a play-to-win game Pengu Clash on the TON blockchain and a partnership with Lufthansa\u2019s Miles & More program.<\/p>\n

The exposure helped boost PENGU memecoin\u2018s price by 16% in a single day, with the rally continuing to an intraday peak of $0.0100 on June 25. With this surge, PENGU price has edged closer to the upper boundary of the falling wedge pattern that has been forming since early May. The projected breakout level near\u00a0$0.0106\u00a0is now just\u00a0approximately 8%\u00a0above the current price of\u00a0$0.0098.<\/p>\n

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Source: TradingView<\/a><\/figcaption><\/figure>\n

On the downside, support is around\u00a0$0.008, where the lower boundary of the wedge aligns with the longer-term ascending trendline that has held since the April reversal, adding strength to this key level.<\/p>\n

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From a technical standpoint, momentum indicators are beginning to tilt in favor of the bulls. <\/p>\n

The RSI currently stands at 48, having recovered from oversold conditions earlier this month. The MACD line has just crossed above the signal line in a bullish crossover, occurring near the zero line \u2014 a signal often interpreted as the beginning of a possible upward move. <\/p>\n

The price is also retesting the 20-day EMA at $0.00989. A daily close above this level would confirm a short-term shift in momentum and strengthen the case for a breakout from the falling wedge.<\/p>\n

If the breakout above $0.0106 is confirmed with strong volume and follow-through, the next upside targets are $0.0115 (50-day SMA), followed by $0.0130 and $0.0150 \u2014 the previous swing highs \u2014 and ultimately $0.0200 \u2014 the projected target based on the height of the falling wedge pattern.<\/p>\n

A breakdown below $0.0080 would invalidate the wedge structure and expose the price to further downside, potentially toward $0.0070.<\/p>\n

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