Pudgy Penguins (PENGU) has surged 13.2% since Monday, driven by Bitcoin's rise above $76,000. The altcoin, which had dropped 11.8% over the weekend, is now trading at $0.0077, challenging a key resistance level. Despite the recent rally, PENGU remains in a bearish long-term trend, with downward momentum indicated by RSI and OBV metrics.Traders are advised to "respect the range," as PENGU has been trading between $0.006 and $0.008 since February. A breakout past $0.008 could signal further gains, but caution is urged due to potential rejections at range highs. The altcoin's long-term outlook remains uncertain, with profit-taking recommended if prices exceed $0.0105-$0.012.