PENGU Surges 107% as SUI Gains 70% RENDER Lags with 2%

PENGU, a meme coin on Solana, has experienced a significant price surge, increasing by 107% over the past week. This strong recovery has set its sights on resistance at $0.011, with potential upside targets at $0.0126 and $0.0171. The recent momentum suggests a shift in sentiment around pengu, which had previously struggled to regain its momentum after a prolonged correction phase. If the bullish pressure remains strong, PENGU could potentially break above the $0.020 mark for the first time since January 27.

SUI, another altcoin, has also shown impressive performance, surging by 70% over the past week. This surge has positioned sui just behind major Made in USA coins in market cap. However, SUI is approaching critical technical levels, with resistance at $3.73. If SUI manages to break above this level, the next target would be $4.25. However, if bullish momentum fades, SUI could retrace to test the $3.25 support zone, potentially leading to a deeper correction toward $2.92 or even $2.51.

In contrast, RENDER has lagged behind the broader market, posting only a 2% gain over the last seven days. This underperformance suggests that RENDER has struggled to capture the same level of enthusiasm as its peers, raising concerns about its near-term outlook. Technically, RENDER’s EMA lines are signaling potential weakness, with the possibility of a death cross forming soon. If the downtrend materializes, RENDER could first test support at $4.25, with potential deeper drops to $3.82, $3.55, and even $3.14. However, if RENDER manages to regain positive momentum, a rebound toward $4.63 could still be in play.

In summary, the crypto market shows distinct trajectories for PENGU, SUI, and RENDER this week. PENGU’s significant recovery and SUI’s remarkable breakout indicate strong bullish sentiment, while RENDER faces potential challenges that could hinder its short-term performance. Market participants should closely monitor the key resistance and support levels for all these assets to navigate the ongoing volatility effectively.