Crypto analyst Ali shared a chart showing that Pudgy Penguins price is now back in an accumulation range. After a strong rally earlier in the summer, PENGU price pulled back and is moving between $0.026 and $0.042.
The chart points to a support area around $0.028 where buyers are likely to step in. Ali expects PENGU price to move sideways for a short time, retest this level, and then break out higher. If this pattern plays out, PENGU could rally past $0.10.
This setup looks similar to what happened between May and July, when PENGU price moved sideways for weeks before jumping much higher. The same cycle may now be repeating, which makes this dip an interesting buying zone for traders and long-term holders.
Pudgy Penguins Price and the ETF Filing
Ali’s bullish outlook is based on three major drivers. The first is the ETF filing. PENGU is part of a new ETF application now under review by the U.S. SEC and backed by the Chicago Board Options Exchange (CBOE). The fund would hold 80–95% in PENGU tokens and 5–15% in Pudgy Penguins NFTs.
This would be the first ETF to mix a meme coin with NFTs. If approved, it could attract institutional money and give the Pudgy Penguins ecosystem new legitimacy. Many see this ETF as a major trigger that could push the PENGU price higher.
Expansion in Asia and Millions in Toy Sales
PENGU is also growing fast in Asia, especially in South Korea and China. The Pudgy Penguins brand is gaining attention outside of crypto, which gives the token more recognition and trading activity. This global expansion adds strong fundamentals to the project and supports a higher PENGU price.
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At the same time, Pudgy Penguins toys are now being sold in stores like Walmart and Target. These toys are bringing in millions in sales and giving the brand more exposure in the real world. The merchandise adds a new revenue stream and strengthens community engagement.
Ali explained his stance clearly: “With the ETF filing, expansion in Asia, and millions in toy sales, I’m buying this dip.” If his chart is right, the next PENGU rally could be even bigger than the last one.
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