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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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Pudgy Penguins (PENGU) To Rise Higher? Key Pattern Suggests Potential Upside Move
Date: Thu, May 22, 2025 | 06:40 AM GMT The cryptocurrency market has mounted a solid comeback in recent weeks following a sluggish first quarter. Bitcoin (BTC) melted faces today with a fresh all-time high of $111,861, while Ethereum (ETH) delivered an impressive 65% monthly surge. This resurgence is lifting overall sentiment across memecoins — including Pudgy Penguins (PENGU). PENGU has posted jaw-dropping monthly gains of over 189%, and a classic technical setup suggests there might be even more upside on the horizon.
Source: Coinmarketcap Power of 3 in Play A close look at PENGU’s 4-hour chart reveals a textbook “Power of 3” setup — a well-known structure that unfolds in three stages: accumulation, manipulation, and expansion. Accumulation Phase Between May 8 and May 16, $PENGU consolidated in a tight range between ~$0.013 and ~$0.017. This sideways action, marked by low volatility, is typically where larger players accumulate positions quietly before the next move.
Pudgy Penguins (PENGU) 4H Chart/Coinsprobe (Source: Tradingview) Manipulation Phase On May 16, PENGU briefly plunged to around $0.0118 — a move likely designed to trigger stop-losses and scare out retail traders. This sudden dip is classic "shakeout" behavior, often seen before a bullish breakout. Expansion Phase Following the dip, PENGU rebounded strongly, reclaiming $0.013 support and climbing with strength while holding above the 50-day moving average. It’s now knocking on the door of the previous resistance near $0.017. A breakout above this level would signal the beginning of the expansion phase — where price accelerates rapidly, and “smart money” begins distributing into increasing demand. What’s Next for PENGU? The price is currently hovering just below $0.0143. If bulls can push PENGU past the key resistance level at $0.017, the measured move — based on the height of the previous range — targets $0.02145. This represents a potential upside of nearly 50% from current levels. However, the broader crypto environment still plays a key role. Continued strength in Ethereum and sustained momentum across memecoins will likely be essential tailwinds for PENGU’s next leg up. Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before investing in cryptocurrencies.