Similar signals previously preceded rallies of 77% and 67%, with one analyst now eyeing a potential 70% upside toward $0.013. But there's a catch. PENGU is still trading near the crucial $0.0075 support level, and bulls must reclaim $0.008 to strengthen the recovery outlook.

In fact, according to CFTC Chairman Michael Selig, the organization is planning to bring more of the U.S crypto market under a single federal regulatory framework. He said, "... we go to war with the statute we’ve got and we’ve got clear authority and we’re going to use it."