PENGU and BONK Both Exceed $2 Billion Market Cap in Competition
Solana meme coins Pudgy Penguins and Bonk have surpassed a $2 billion market cap. Key indicators are being monitored for PENGU, which shows improving momentum despite recent volatility.
- PENGU price dropped below crucial support of $0.032.
- ADX decreased from 20.5 to 15.5, indicating weak directional movement.
- ADX below 20 suggests consolidation or indecision.
- For a bullish breakout, ADX needs to exceed 25 with increased buying pressure.
- RSI surged from 28.9 to 49.8, indicating growing buying momentum.
- Current support is at $0.031 and resistance at $0.034.
- If upward momentum continues, PENGU may test resistance at $0.034, potentially reaching $0.04 and $0.0439.
Source: TradingView
Source: TradingView
Source: TradingView