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The Pudgy Penguins price has soared 28% in the last 24 hours to trade at $0.01431 as of 7:00 a.m. EST on an 82% pump in trading volume to $343 million.
Pudgy Penguins Price Signals Bullish Breakout
After months of consolidation, the PENGU/USDT trading pair shows strong signs of a bullish breakout. The price surging on the daily chart to trade at $0.01431 marks a significant shift in sentiment as the token breaks out of its prolonged downtrend and begins forming a potential bullish rally setup.
A closer look at the chart shows that PENGU has transitioned from a long-term consolidation zone, ranging between $0.002 and $0.006, into a confirmed bullish reversal.
PENGUUSDT Analysis Source: tradingview
A bullish order block and buy-side liquidity capture first hinted at this change. The breakout structure (BOS) occurred near the $0.01 psychological level, confirming a market structure shift (MSS) and flipping the previous resistance into support.
RSI Overbought Zone Signals A Pullback
Meanwhile, the Relative Strength Index (RSI) is currently at 73.65, signalling strong buying momentum. While the RSI is now in overbought territory, it often remains elevated during trending markets, suggesting bulls are firmly in control. The RSI’s uptrend also aligns with rising price action and volume, adding credibility to the move.
Technically, the next key resistance is located just below $0.03. A breakout above that level could open the door for a strong continuation rally, possibly retesting previous highs around $0.035–$0.04. Given the steep decline seen earlier in the year, the current breakout could be part of a broader recovery move.
However, traders should remain cautious of a potential short-term pullback, especially with the stretched RSI. If the price exceeds the $0.01 level, it could revisit the bullish reversal zone or retest the consolidation base near $0.006.
A sustained move above $0.015 and beyond the next resistance zone could confirm the beginning of a longer-term uptrend.
Solaxy Presale Charges Towards $34M – Best Crypto To Buy Now?
As the Pudgy Penguins price picks up momentum, investors are also buying into another project called Solaxy (SOLX), a Layer-2 scaling solution designed to help scale Solana.
The project is gaining momentum after its presale surpassed $33.6 million, highlighting strong investor confidence in its mission to solve Solana’s ongoing congestion problems.
Solana, known for its lightning-fast transactions and low fees, has faced growing pains as its popularity surges. High-traffic periods, like meme coin launches, often lead to transaction failures and rising costs, exposing the blockchain’s limitations.
With Solana’s ecosystem rapidly expanding but facing persistent scalability issues, Solaxy’s innovative solution could be a breakthrough.
You're always flying first class with Solaxy. 🔥
The L2 $SOLX rocket will get you where you need to go. 🛸🪐https://t.co/mdaTX9ao5Z pic.twitter.com/A8QERwUNsQ
— SOLAXY (@SOLAXYTOKEN) May 6, 2025
Solaxy is rolling out an off-chain transaction processing system to reduce congestion on the Solana blockchain, following Ethereum’s Layer-2 scaling solutions.
The strategy involves bundling and verifying transactions off-chain before finalizing them on Solana’s mainnet, an approach designed to improve speed and overall network efficiency.
The project is also attracting growing investor attention due to its cross-chain capabilities, which bridge Ethereum’s robust DeFi ecosystem and liquidity with Solana’s high-speed, low-cost infrastructure.
By combining the strengths of both blockchains, Solaxy aims to build a hybrid platform optimized for performance and scalability.
Adding to Solaxy’s momentum, popular crypto YouTube channel 99Bitcoins, with over 725k subscribers, says SOLX is one of the most promising new tokens that could achieve 100x gains after its launch.
Investors are also drawn to the project’s staking program, which offers a 119% APY.
Priced at $0.001718, SOLX tokens can be bought through the Solaxy website using crypto or bank cards.
Solaxy has also integrated with Best Wallet to make access even easier. Users can buy and manage their SOLX tokens directly in the app.
However, with a presale price hike set to take place in under 29 hours, the window for securing tokens at the current rate is closing fast.
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