US-made tokens showed mixed dynamics in the first week of May, with PENGU, SUI, and RENDER displaying very different trajectories. PENGU rose 107% over the past week, signaling a strong recovery after months of correction.
SUI has also impressed, soaring 70% and establishing itself among the largest US-made tokens. Meanwhile, RENDER has struggled to attract attention, lagging behind both the broader market and leading AI tokens.
Pudgy Penguins (PENGU)
PENGU was once the leading meme coin on Solana, peaking at a market capitalization of $2.9 billion on January 6.
However, following its explosive rise, the token entered a prolonged correction phase, and its market capitalization fell below the $1 billion mark by January 29.
Since then, PENGU has struggled to regain its previous momentum, reflecting the overall cooling of interest in meme coins during that period. Despite the correction, recent price actions suggest that sentiment around PENGU may be shifting again.
Over the past seven days, PENGU has grown by 107%, including a rise of more than 16% in just the last 24 hours. If this strong momentum continues, PENGU may soon test the resistance level at $0.011.
A breakthrough above this point could open the way to $0.0126, and if bullish pressure remains strong, further targets at $0.0171 and even $0.0223 could become a reality — the first time surpassing the $0.020 mark since January 27.
SUI
SUI has become one of the standout participants among altcoins over the past week, soaring 70% and positioning itself just behind Cardano, Solana, and XRP in market capitalization among major US-made tokens.
With such a powerful move, SUI is quickly approaching critical technical levels that could determine whether the rally will continue or a pullback will occur. Recently, SUI tested resistance at the $3.73 level but was unable to break through. If it manages to retest this level and successfully break above, the next target will be $4.25, which would also mark the first instance of SUI trading above $4 since January 31.
However, if bullish momentum fades, SUI may pull back to test the support zone at $3.25.
Loss of this support could lead to deeper corrections down to $2.92 or even $2.51, making upcoming price actions particularly important for assessing whether the SUI rally can continue.
RENDER
RENDER is lagging behind the broader market, showing only a 2% increase over the past seven days, significantly lower than most other major US-made tokens.
It is also lagging behind leading AI-oriented tokens such as TAO, FET, and VIRTUAL, which have demonstrated much stronger momentum.
This weak momentum indicates that while AI narratives continue to gain traction, RENDER is struggling to attract the same level of enthusiasm, raising concerns about its short-term prospects compared to competitors. Technically, RENDER's EMA lines signal potential weakness, with the possibility of forming a 'death cross' soon.
If the downtrend materializes, RENDER may initially test support at the $4.25 level; losing this level could open the way for deeper declines to $3.82, $3.55, and even $3.14.
However, if RENDER manages to regain positive momentum, a bounce back to $4.63 may still be possible.#BinanceSquare #Write2Earn #Binance #crypto #Squar2earn $SUI