PENGU Skyrockets 142% – Meme Coin Mania or Sustainable Rally?

Another day, another meme coin defying gravity. PENGU—the latest avian-themed crypto—just ripped past 142% gains in 24 hours, leaving traders scrambling. But here’s the real question: Is this another pump-and-dump waiting to crater, or does this bird actually have wings?

Behind the hype: PENGU’s surge coincides with a BNB Chain liquidity spike and influencer shilling. Classic crypto playbook—just swap ’utility’ for ’vibes.’ Meanwhile, Bitcoin maximalists are rolling their eyes so hard they might strain a muscle.

Where’s the ceiling? If retail FOMO keeps fueling buys, we could see another leg up before the inevitable ’take profits’ tsunami. But let’s be real—most traders will probably exit late and blame ’market manipulation’ instead of their own diamond hands turned to paper.

Final thought: In a market where fundamentals are optional and memes are mandatory, PENGU’s flight path depends entirely on how long the crowd believes penguins can fly. Place your bets—just don’t mortgage your house this time.

PENGU Faces Strong Selling at $0.01300

Following its strong breakout above the 21-day EMA, PENGU has surged from $0.005020 to $0.011000 as of today. However, the token seems to have encountered strong selling pressure after it touched the $0.01300 level.

Its volume profile shows that the range between $0.00900 and $0.01300 has seen the highest volumes combined throughout the year, which emphasizes how relevant this price range is for market participants.

A bullish breakout accompanied by above-average volume is typically considered a buy signal. For late buyers, the question would be how to best enter a profitable trade or long-term position at a point when the rally shows signs of exhaustion.

It is worth noting that the 21-day EMA has now jumped above the 50-day EMA. This means that the uptrend has accelerated recently.

As long as the price stays above those thresholds, the rally will carry on as it will grow a new set of legs to keep marching onward.

Both the Relative Strength Index (RSI) and the MACD’s histogram have shown signs that positive momentum has weakened as the former has dropped below the 14-day SMA while the latter has been trending lower for a week now.

As Solana meme coins keep surging, the network could once again struggle to keep up with rising transaction volumes as it happened back in January when TRUMP and MELANIA were launched.

Solaxy (SOLX), a layer-two scaling protocol for the Solana blockchain, fixes this issue by introducing a robust side chain. In just a few months, this hot crypto presale has raised more than $30 million and there’s still time to invest before the developing team wraps things up.

Solaxy (SOLX) Offers Attractive Staking Rewards on Top of Some Huge Upside Potential

Since its presale event kicked off in December, Solaxy (SOLX) has made the headlines as the developing team set forth an ambitious goal – making Solana even more efficient than it already is.

Recently, the team launched the Solaxy testnet’s block explorer so investors can see how the L2 performs in a controlled environment.

Thus far the results have been satisfactory and the team’s progress seems to have encouraged investors as Solaxy has now raised $33.4 million to keep building its solution.

Apart from the significant upside potential that its native asset $SOLX offers after the L2 gets massively adopted by wallets and exchanges, token holders are entitled to receive staking rewards of 121% for securing the network.

At its discounted price of $0.001716,

To buy $SOLX, simply head to the Solaxy website and connect your wallet. You can either swap USDT or SOL for this token or use a bank card to make your investment.

Buy Solaxy Here

The post Best Crypto to Buy: PENGU Surges by 142% – How High Can It Go? appeared first on icobench.com.