Malaysia Blockchain Week in Kuala Lumpur

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The Ethereum ecological blue-chip NFT project Pudgy Penguins' native token PENGU surged 18% today, reaching a daily high of $0.039, a new six-month high. The cumulative increase over the past month has reached 360%, with a market capitalization exceeding $2.3 billion, ranking in the Top 60 Crypto Assets. On-chain data shows that Pudgy Penguins NFT's seven-day sales skyrocketed by 51.93% to $10 million, with Smart Money Holdings increasing by 6.7% to $101.2 million. The technical analysis shows a cup and handle breakout, a bullish triangle flag consolidation, and a golden cross of the 50/200-day moving averages, with a short-term target pointing to $0.055.

Pudgy Penguins (PENGU) daily chart forms a rare bullish pattern, with key positive fundamentals released, its NFT sales surge, and smart money starting to get on board at a price of 0.037 USD. Today (22) in the Asian afternoon session, PENGU is temporarily reported at 0.037 USD, with long positions targeting the next resistance level of 0.055 USD.

PENGU led altcoin gains today, driven by a surge in Pudgy Penguins NFT sales, as a rare bullish pattern was forming on its daily chart. According to data from crypto.news, Pudgy Penguins (PENGU) rose over 18% to an intraday high of $0.039 on July 21, its highest price since Jan. 8, before

On July 21, Binance announced the removal of the Seed Tag label for Pudgy Penguins (PENGU), which became a direct catalyst for the price surge of PENGU. After the news was announced, PENGU quickly climbed to $0.03441, with a daily rise of up to 28% and a weekly increase of over 25%. This label was originally used to identify high-risk, experimental new projects, and its removal marks Binance's formal recognition that PENGU has achieved mature token standards in terms of security, development transparency, and team responsiveness, significantly enhancing its appeal to institutional investors. Technical Breakthrough and Price Prediction: Bullish Signals and Overheating Concerns Coexist From the technical chart observation, PENGU has recently formed strong support at $0.0303 - $0.0305 and is constructing a symmetrical triangle pattern.