🚀 PENGU, KAS, RAY Skyrocket as San Diego Comic Con Fuels Crypto Frenzy

Move over, meme stocks—crypto's new mascots are stealing the spotlight. As San Diego Comic Con makes its post-pandemic comeback, PENGU leads a pack of altcoins defying the bears with double-digit surges. KAS and RAY trail close behind, proving once again that crypto markets thrive on pop culture chaos.

### When Fandom Meets Finance

PENGU's rally mirrors the absurdity of 2021's DOGE hype—except this time, the penguin-themed token has actual utility (allegedly). Meanwhile, KAS and RAY quietly outperform half the DeFi top 20, leaving 'serious' investors scrambling to justify their portfolios.

### The Cynic's Corner

Wall Street analysts insist fundamentals matter. Tell that to the 37% intraday swing on a cartoon bird token. As institutional money floods into ETH ETFs, retail traders are still out here turning Comic Con panels into trading signals—because nothing says 'mature asset class' like cosplay-fueled volatility.

PENGU’s bull run hits a crucial resistance level

PENGU hits a crucial resistance at $0.03731, aligning with the 78.6% Fibonacci level, which is drawn from $0.07000 on December 17 to $0.00370 on April 9. The meme coin has recorded over 150% surge so far in July, reflecting the intense bullish run in motion.  

A potential daily close above $0.03731 could stretch the recovery run to the $0.05000 psychological level. 

The Moving Average Convergence/Divergence (MACD) and its signal line regain an uptrend, fueled by the resurgence of green histogram bars above the zero line, indicating increased bullish momentum. 

The Relative Strength Index (RSI) reads 88 on the daily chart as it consolidates in the overbought zone, indicating heightened buying pressure.

PENGU/USDT daily price chart.

On the downside, a reversal in PENGU from $0.03731 could extend the decline to the 61.8% Fibonacci level at $0.02277.

Kaspa’s wedge breakout rally eyes further gains

Kaspa extends the uptrend with a fourth consecutive bullish candle as it nears the $0.1172 resistance level. The falling wedge breakout rally marked a trend reversal in KAS, accounting for over 50% surge so far in July. 

A decisive push above the $0.1172 level could extend the uptrend to $0.1311, marked by the May 12 high. 

The MACD indicator, with rising green histogram bars and the RSI at 84 on the daily chart, suggests increasing bullish momentum.

KAS/USDT daily price chart.

On the contrary, a reversal from the $0.1172 level could result in a retest of the $0.1000 psychological mark. 

Raydium’s increasing bullish momentum targets $4

Raydium edges higher by over 7% at press time on Tuesday, printing its fourth consecutive bullish candle and extending the 10% gains from Monday. The bullish run exceeds the $3.41 resistance, last tested on Monday.

A decisive close above this level could stretch the uptrend to reclaim the $4.00 round figure. 

The MACD indicator displays a resurgence of green histogram bars, and the RSI stands at 76 as it hovers NEAR the overbought boundary, indicating increased bullish momentum. 

RAY/USDT daily price chart.

On the downside, a failure to hold above $3.41 could result in a reversal to the 200-day Exponential Moving Average (EMA) at $2.84.