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PENGU has surged past the $0.01 mark, driven by a significant increase in trading volume and renewed interest in Solana-based meme coins. The token's price, which had been languishing, saw a sharp rise as trading volume spiked by 240%, reaching over $520 million. This surge indicates active participation from retail traders and speculators, suggesting a shift from passive accumulation to active buying.The price now faces a critical resistance zone between $0.013 and $0.014, a level where previous rallies have faltered. A successful breakout above this range could signal a broader trend reversal, attracting more momentum traders. However, failure to break through could see the price retreat to the $0.008 to $0.009 support zone. Traders are closely monitoring whether PENGU can sustain its momentum or if it will succumb to the volatile nature of meme coin markets.

PENGU-0.33%SOL+0.76%

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