{"id":2164,"date":"2026-01-09T08:13:38","date_gmt":"2026-01-09T13:13:38","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=2164"},"modified":"2026-01-09T08:13:40","modified_gmt":"2026-01-09T13:13:40","slug":"pengu","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/pengu\/","title":{"rendered":"PENGU edges toward key resistance as ETF delay clouds outlook"},"content":{"rendered":"\n<figure class=\"gb-block-image gb-block-image-ba7e671b\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" class=\"gb-image gb-image-ba7e671b\" src=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-09T183939.532.webp\" alt=\"PENGU edges toward key resistance as ETF delay clouds outlook\" title=\"Untitled design - 2026-01-09T183939.532\" srcset=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-09T183939.532.webp 1200w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-09T183939.532-300x157.webp 300w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-09T183939.532-768x402.webp 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">PENGU is back in the spotlight \u2014 but this time, the buzz comes with a dose of caution. The meme-driven token is nudging up against a descending trendline just as U.S. regulators hit pause once again on a proposed Pudgy Penguins exchange-traded fund (ETF), keeping uncertainty in the air.<\/h2>\n\n\n\n<p>PENGU changed hands around <strong>$0.012<\/strong> at the time of writing, up <strong>0.2% in the past 24 hours<\/strong>. The weekly picture looks stronger, with gains of roughly <strong>23% over the last seven days<\/strong>, though that bounce hasn\u2019t erased broader weakness. On a 30-day basis, the token is still down <strong>4.4%<\/strong>, trading between <strong>$0.009665 and $0.01363<\/strong> over the past week.<\/p>\n\n\n\n<p>Spot trading has cooled slightly, with daily volume near <strong>$209 million<\/strong>, down about <strong>0.7%<\/strong> from the prior session. The derivatives market also shows traders stepping back. Futures volume slipped <strong>11% to $315 million<\/strong>, while open interest eased <strong>0.43% to $112 million<\/strong>, according to CoinGlass data \u2014 a sign that leverage is being reduced while traders wait for a clearer direction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">SEC delay keeps investors guessing<\/h3>\n\n\n\n<p>Market sentiment softened after a fresh regulatory setback. Late on <strong>January 7<\/strong>, the <strong>U.S. Securities and Exchange Commission<\/strong> postponed its decision on <strong>Canary Capital\u2019s Pudgy Penguins ETF<\/strong> by <strong>60 days<\/strong>, pushing the new deadline to <strong>March 11<\/strong>. The application, first filed in <strong>September 2025<\/strong>, has already gone through several extensions, with no firm answer yet from regulators.<\/p>\n\n\n\n<p>Part of the holdup comes from the ETF\u2019s unusual structure. The fund plans to list on the <strong>Cboe BZX Exchange<\/strong> and hold both <strong>physical Pudgy Penguins NFTs<\/strong> and <strong>PENGU tokens on Solana<\/strong>. That mix adds layers of complexity around pricing, custody, and regulatory treatment of NFTs \u2014 issues that fall outside most traditional crypto ETF reviews.<\/p>\n\n\n\n<p>The market reaction was quick: after the delay, <strong><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pudgy-penguins\" target=\"_blank\" rel=\"noreferrer noopener\">PENGU <\/a>dropped about 6%<\/strong>, showing how closely its price remains tied to ETF headlines. The dip came even as the Pudgy Penguins brand continues capturing attention with initiatives like the <strong>\u201cYear of the Penguin\u201d<\/strong> campaign and a full visual takeover of the <strong>Las Vegas Sphere<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Price tests trendline as bulls and bears face off<\/h3>\n\n\n\n<p>Technically, PENGU is sitting at a decision point. A downward trendline drawn from the <strong>November highs near $0.038\u2013$0.040<\/strong> has repeatedly capped rallies, and price is once again pressing up against it. The token has moved back into the <strong>$0.0130\u2013$0.0135<\/strong> region, an area that has regularly attracted sellers and currently overlaps the <strong>20-day moving average<\/strong>, making it an important near-term resistance zone.<\/p>\n\n\n\n<p>Momentum indicators show mild improvement. The <strong>relative strength index (RSI)<\/strong> sits near <strong>58<\/strong>, suggesting rising demand but not yet overbought levels. PENGU is trading in the <strong>upper half of its Bollinger Bands<\/strong>, with volatility still relatively compressed \u2014 a setup that often precedes a stronger breakout.<\/p>\n\n\n\n<p>A <strong>daily close above $0.0135\u2013$0.0140<\/strong> would be the first convincing sign that downward pressure is easing. Until that happens, rallies may continue to fade against resistance. On the downside, <strong>$0.0120<\/strong> remains the first major support. A breakdown below that level could open the door toward <strong>$0.0103<\/strong>, and potentially the broader swing low near <strong>$0.0071<\/strong>, which marks the cycle bottom.<\/p>\n\n\n\n<p>For now, PENGU sits at a crossroads: improving momentum, heavy resistance overhead, and a regulatory clock ticking toward March.<\/p>\n\n\n\n<p>Also Read:<a href=\"https:\/\/www.decentralnetwork.org\/news\/bitcoin-24\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0Bitcoin Shows Signs of Correction Fading as ETF Outflows Slow<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PENGU is back in the spotlight \u2014 but this time, the buzz comes with a dose of caution. The meme-driven &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"PENGU edges toward key resistance as ETF delay clouds outlook\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/pengu\/#more-2164\" aria-label=\"Read more about PENGU edges toward key resistance as ETF delay clouds outlook\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[3126,3128,3130,3137,3127,3133,3134,3123,3136,3131,3125,3124,3129,3132,3135],"class_list":["post-2164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bollinger-bands-pengu-price-movement","tag-canary-capital-pengu-etf-decision-date","tag-coinglass-open-interest-pengu-data","tag-crypto-etf-regulatory-delay-impact","tag-cryptocurrency-market-sentiment-after-etf-delay","tag-las-vegas-sphere-pudgy-penguins-event","tag-pengu-descending-trendline-resistance","tag-pengu-price-analysis-today","tag-pengu-support-and-resistance-levels","tag-pengu-technical-analysis-and-rsi","tag-pengu-token-price-prediction-2026","tag-pudgy-penguins-etf-sec-delay-news","tag-pudgy-penguins-nft-market-outlook","tag-pudgy-penguins-year-of-the-penguin-campaign","tag-solana-based-pengu-token-updates","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-09T183939.532.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=2164"}],"version-history":[{"count":1,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2164\/revisions"}],"predecessor-version":[{"id":2166,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2164\/revisions\/2166"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/2165"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=2164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=2164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=2164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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