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Recently, the little penguin Pengu coin has performed exceptionally well, showing a strong pump momentum. Starting from a low point, the price of Pengu has surged, with an astonishing rise, almost leaving no trapping opportunities for investors. Currently, Pengu not only holds above the high position firmly but is also continuing to make a strong push upwards, attracting a large number of investors' follow and inflow of funds.
It is worth noting that Pengu's market capitalization has successfully surpassed Trump coin, rising to become the second largest meme coin in the Solana ecosystem, becoming the new focus of the sector. From a technical perspective, Pengu's daily chart shows a continuous rising trend, with trading volume also expanding, indicating a good resonance between market sentiment and capital flow, and there is still potential for further increases in the short term.
However, for investors who intend to participate, the current risk of chasing high prices is relatively large. It is recommended to closely follow potential pullback opportunities. If the price falls back to around the support level of $0.0365 without breaking, low buying can be considered. If it successfully breaks through, the next target price may be in the range of $0.041 to $0.043.
Regardless, the cryptocurrency market carries high risks, and investors should conduct thorough research and risk assessments before making any decisions. At the same time, it is essential to closely follow the developments within the entire Solana ecosystem, as it may significantly impact the performance of tokens like Pengu.