The SEC has postponed its decision on Canary Capital’s PENGU ETF, which would offer exposure to the Solana-based PENGU token and Pudgy Penguins NFTs. The delay keeps regulatory uncertainty alive for hybrid crypto-NFT products and their investors.

PENGU jumped ~13% as Bitcoin’s risk-on momentum returned, but the token faces a make-or-break zone just above a key Fibonacci resistance. Break and hold with volume and you could see a trend reversal; fail and the two-week range may persist. Here’s a concise technical and risk-aware read — plus how Bitlet.app’s Crypto Installment can help you dollar-cost over time.