PENGU Solana Memecoin Don Rally 20% As NFT Sales Boost
PENGU, di native memecoin for Pudgy Penguins project for Solana, don climb almost 20% for 24 hours reach six-month high $0.040 before e drop small to $0.036. From last month low, PENGU don rally about 360%, e market cap don jump pass $2.3 billion, pass WIF and BONK, become top Solana memecoin and fourth biggest memecoin overall behind DOGE, SHIB, and PEPE.
The rally na cause by 51.9% bounce back for Pudgy Penguins NFT sales, reach $10 million last week, plus 290% big increase for trading volume. Floor price rise 16% to 16.19 ETH ($60,242), push the collection market cap to $6 billion, na the highest since January. Smart Money wallets increase their PENGU holdings by 6.7% reach $101.2 million, futures open interest hit record $590 million and funding rates dey positive for 12 consecutive days.
On-chain and chart signals dey show say e fit still go up. PENGU break from cup-and-handle pattern, form bullish pennant and symmetrical triangle, plus e make golden cross as 50-day SMA cross over 200-day SMA. Analysts dey talk say Ethereum recent better pass Bitcoin na extra reason for possible altcoin season.
Key resistance dey for $0.055 (78.6% Fibonacci retracement) and all-time high $0.069. If PENGU fit hold support between $0.031 and $0.033, targets fit extend to $0.075 (up 140%) or $10 billion market cap based on past memecoin cycles.
Bullish
Di sustained 20% rally wey dey happen for PENGU, wey strong rebound for NFT sales and high on-chain activity dey drive am, dey show say plenty bullish momentum dey ground. Chart patterns—cup-and-handle breakout, bullish pennant, symmetrical triangle—and golden cross signal dey talk say price fit still climb higher. Record futures open interest, positive funding rates, and Smart Money accumulation dey add more confidence. Analysts dem still talk say Ethereum recent pass Bitcoin performance na big reason why altcoin season fit broaden. For short term, momentum fit carry PENGU waka go resistance levels like $0.055 and $0.069. For long term, if e fit hold support around $0.031–$0.033, e fit open road for 140% move reach $0.075 or even market cap of $10 billion, just like past memecoin cycles.