Pengu, the Solana-based meme coin, has stunned the market with a 19.26% daily surge and a staggering 38% jump over the past week. With its price currently at $0.04448, Pengu has re-entered the spotlight not just as a meme token but a cultural asset riding a wave of ecosystem and institutional catalysts.
Pengu’s sharp rally comes as several bullish forces align. First, the token now boasts over 868,000 holders. Second, Binance recently removed the “Seed Tag” from Pengu. This change has boosted investor confidence, especially among institutional players and large funds. That’s not all, the hope of a new ATH has been another fuel. Join me as I decode Pengu price analysis for the short term.
Pengu Price Analysis
Pengu’s current price at $0.04448, is hovering just 21.95% below its all-time high of $0.05738. This came after touching an intraday high of $0.046. The market cap now sits at $2.77 billion, ranking it among the most prominent meme coins like Bonk. The 33.76% surge in 24-hour trading volume signals heightened investor interest and growing momentum.
With strong buying pressure between $0.036 and $0.042, this range now acts as a major support zone. A breakout above the $0.046 resistance could pave the way to test the ATH, with a potential upside toward the $0.055–$0.057 range if momentum holds.
If volume sustains above $2 billion and SOL remains bullish, Pengu could realistically aim for a new ATH at $0.05738. However, a dip below $0.038 would invalidate short-term bullish momentum.
FAQs
A mix of Binance removing the “Seed Tag”, NFT price spikes, and the Solana ecosystem rally.
Risk perception has lowered after Binance’s tag removal, attracting bigger players.
If bullish momentum and volume persist, a retest of $0.057, followed by a new ATH at $0.06, is likely in the short term.
