Pudgy Penguins [PENGU] has recently shown an amazing upward momentum, becoming a star memecoin on the Solana blockchain.

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In the past 24 hours, PENGU's market cap surged dramatically to $2.32 billion, with a price increase of 41.28%, reaching $0.0371. This growth allows PENGU to surpass WIF's market cap of $2.07 billion, reflecting its growing influence in the memecoin community.

PENGU's price performance: Bullish pattern continues

From a technical perspective, PENGU broke through the incremental triangle pattern, marking the beginning of a sharp upward trend. After initially approaching $0.036235, the price briefly retraced to $0.028392, providing a strategic entry point for bulls. This pattern typically suggests that prices may rise further after consolidation.

Targets are set at $0.044073 and $0.054105, which are important resistance levels for the next phase. If buying pressure remains strong, PENGU's price predictions are optimistic for reaching these targets in the short term.

Market indicators: Increasing confidence in the number of holders

The number of penguin holders has reached 511,180, far exceeding WIF's 213,654. This metric not only indicates a large foundational user base for penguins but also shows the stability of community support, providing a solid foundation for long-term growth. The continuous increase highlights the importance of community engagement in PENGU's success, while boosting confidence in future developments.

Future trends: Continue to rise or consolidate?

Pudgy Penguins' success is largely attributed to enthusiastic community participation and the market's investment enthusiasm. If the price can break through the expected resistance level of $0.044073, it may attract more investors, further pushing the price towards $0.054105. However, if market momentum wanes or there is short-term selling pressure, PENGU may consolidate within the current range.

Investors should closely monitor the following key factors:

Volume changes: Ongoing trading activity will be crucial for the continuation of the growth trend. Market sentiment: Community participation and social media popularity significantly impact price trends. Technical indicators: In the short term, it is essential to observe whether the price remains above $0.036 as a benchmark for bull confidence.

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