Pengu Soars to 5-Month High: Solana Memecoins Rally Behind BTC
Pengu $0.0189
24h volatility:
22.5%
Market cap:
$1.19 B
Vol. 24h:
$1.04 B
soared to $0.023 on Friday, July 11, capping a 70% rally over the last three days. As Bitcoin price broke above $118,000 to reach new all-time highs, capital rotation into riskier sectors pushed Solana-hosted memecoins into a parabolic rally. 🐧🚀
The Solana memecoin sector valuation surged 12.3% on Friday, now valued at over $12.8 billion, with trading volumes exceeding $6.3 billion. 💰💸
Solana memecoin sector performance | Source: Coingecko, July 11, 2025
According to Coingecko data, Pengu emerged as the standout performer across the Solana ecosystem, registering a 23.2% price gain in 24 hours. Other trending tokens include ROBOT (+117.8%), Fartcoin (+9.7%), and Manifest (+87.6%), also from the heightened risk appetite amid Bitcoin’s historic breakout. 📈🎉
With Bitcoin $115 951
24h volatility:
4.2%
Market cap:
$2.31 T
Vol. 24h:
$56.12 B
entering price discovery, a consolidation above $115,000 could offer high-flying memecoins including PENGU, a window for continued upside, provided market volumes stay elevated. 🌟📈
PENGU Price Prediction: Parabolic Momentum Tests Resistance as MACD Strengthens
From a technical standpoint, after 70% in the last three days, PENGU price now faces overhead resistance as it presses against the upper boundary of the Donchian Channel (DC) set at $0.024. However, the MACD histogram expanded further into positive territory, with both the MACD line (0.00212) and signal line (0.00145) diverging sharply, indicating increasing buying pressure. 📊📈
PENGU Price Prediction | Source: TradingView
A sustained breakout above $0.02384 could send prices toward the psychological $0.030 level. However, with PENGU trading volume peaking at $1.45 billion, according to Coinmarketcap data, an imminent correction cannot be ruled out. In this scenario, the dense confluence zone $0.017 of will likely act as the primary support base before the Donchian Channel’s midline at $0.015. 📉💸
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As the memecoin sector tops $12.8 billion, Solaxy is emerging as the infrastructure backbone behind tokens like PENGU and BONK. The SOLX token contract is live, visit the official website to enter the presale before the next price increase. 💸🌟
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2025-07-12 04:02