PENGU is testing key resistance near $0.04, with participants watching closely to see if its latest rebound can spark a fresh breakout.
Pudgy Penguins’ meme token, PENGU, is once again showing why it leads Solana’s meme coin pack. After weeks of mixed sentiment, the token has bounced back with strong trading activity, reclaiming momentum around the $0.037 mark.
Pudgy Penguins Leads Solana Meme Coin Gains
PENGU, the meme token tied to Pudgy Penguins, has once again pushed itself ahead of the pack with a strong 12.8% climb in the past 24 hours. Now trading near $0.037 with a market cap topping $2.3B, it sits at the front of Solana’s meme coin leaderboard, edging out names like BONK, GOAT, and others. The move underlines how quickly liquidity continues to find its way back into PENGU whenever momentum shifts across Solana’s meme sector.
PENGU jumps 12.8% in 24 hours, cementing its lead among Solana meme coins with a $2.3B market cap. Source: The Solana Post via X
Momentum Back in PENGU’s Favor
PENGU Pudgy Penguins price has seen fresh strength, climbing nearly 10% in the last 24 hours to trade around $0.0369. The move lifted its market cap to $2.32B, supported by more than $436M in daily volume, showing active participation behind the price action. The three-month chart is showing that PENGU is attempting to overturn the downward pressure.
Pudgy Penguins’ current price is $0.03698, up 9.75% in the last 24 hours. Source: Brave New Coin
The recent bounce confirms buyers are still defending key zones, and volume spikes suggest renewed accumulation rather than just short-term trading. If PENGU can sustain this trend, a retest of the $0.04 range looks possible, keeping its bullish structure intact while reinforcing its place at the front of Solana’s meme sector.
Institutional Spotlight on PENGU
PENGU just received a notable boost in visibility after being featured in the Q2 earnings report of Bullish, a publicly traded company valued at $8B. For a meme coin that has already carved out strong momentum within Solana’s ecosystem, this appearance adds another layer of credibility, showing how far PENGU has reached beyond its niche origins.
Coming after its recent bounce back towards the $0.037 to $0.038 range, the timing of this institutional mention can’t be better. Investors have already been rotating back into PENGU with steady volume, and recognition in a corporate earnings call reinforces the idea that PENGU is moving past just retail hype. If market participants view this spotlight as a sign of broader adoption, it could strengthen the bullish case, pushing sentiment closer to a retest of the $0.04 zone in line with the ongoing PENGU narrative.
PENGU Retest Clears the Way for Bullish Price Prediction
PENGU has confirmed a successful bullish retest after breaking out of its consolidation structure, with price now tracking upward inside a fresh channel. The chart highlights how buyers defended the retest zone cleanly, allowing momentum to build towards higher extensions. Fibonacci projections align closely with this path, marking $0.055 and $0.072 as key checkpoints on the way to the higher target zone, with a major target pointing towards $0.09.
PENGU holds firm after a bullish retest, with Fibonacci targets pointing towards $0.055, $0.072, and a major move to $0.09. Source: Ali Martinz via X
PENGU Breakout Starting to Look Imminent
PENGU price is pressing against a major cluster of resistance, where the downtrend diagonal meets the 200 EMA on the 4H chart. The price action shows that buyers have been defending the $0.033 to $0.035 zone, creating a solid base before pushing higher. A clean breakout from this horizontal range could signal continuation, especially as momentum indicators are beginning to lean more supportive.
PENGU pushes against heavy resistance at the 200 EMA, with higher lows building momentum towards $0.042, $0.045, and potentially $0.05. Source: Osemka via X
This setup follows the earlier bullish retest narrative, with structure showing higher lows forming against heavy resistance. If the breakout holds, immediate upside targets sit at $0.042 and $0.045, with potential extension towards the $0.05 region.
Final Thoughts
PENGU’s rebound has put it back in the spotlight, with price holding steady near $0.037 and participants watching closely for a push through the $0.04 zone. The structure looks healthier than in recent weeks, backed by strong volume and renewed confidence from buyers. If momentum continues, the next stretch of resistance could open the path towards $0.045 and even $0.05 in the short term.
For now, the focus remains on whether bulls can turn this bounce into a sustained rally. As long as community interest stays high and liquidity keeps rotating back into Solana meme coins, PENGU Pudgy Penguins’ odds of another breakout remain very much alive.