PENGU has risen in price by 64% in a week, NFTs have also increased in value

Over the past week token PENGU has risen by 64%, and by another 13% in the last 100 hours. After such a rapid rally, the digital asset was able to return to the top XNUMX list by market capitalization.

However, despite the impressive rise in price, PENGU is still trading 77% below its peak of $0,06845 recorded in December 2024.

The surge in interest in the token is linked to an application for a new one ETF, which Cboe BZX filed with the U.S. Securities and Exchange Commission. If approved, the fund would invest in NFT Pudgy Penguins and PENGU tokens. According to the document, ETF will distribute 80-95% of its assets between PENGU tokens and 5-15% between NFT Pudgy Penguins.

The news of the fund’s launch also improved market sentiment. NFT. The minimum price of Pudgy Penguins is currently 9,65 ETH, up 2,7% over the last seven days. The total market cap of the collection is $209 million.

According to analysts, PENGU has the potential for further growth.

Technically, PENGU’s breakout allowed it to break through resistance levels with increasing trading volume. At 72,89, the relative strength index is high, indicating overbought conditions.

PENGU is trading above all major moving averages such as the 20-day SMA at $0,0108 and the 10-day EMA at $0,01294, indicating sustained short-term strength. The next area of ​​interest could be the $0,02 mark if the current momentum continues.