Carnival takeoff, Fat Penguin PENGU surges 150%, bulls aim for new highs!

The meme coin Pudgy Penguins (PENGU) based on the Solana chain has recently sparked a market frenzy! As of Monday, PENGU was priced at approximately $0.013, soaring 156% in a single week, and igniting a trading wave on World Penguin Day, with an additional 35% increase within 24 hours.

On-chain data is off the charts: Coinglass shows that PENGU's open contracts surged to $133.68 million, setting a three-month high, with funds pouring in; Santiment data also indicates that trading volume skyrocketed to $517 million, reaching a peak since January.

From a technical perspective, PENGU successfully broke through the key resistance at $0.009, and if the momentum continues, it could aim for $0.014, or even head straight for $0.017. Although the RSI at 84 suggests a short-term overbought risk, overall bullish sentiment remains strong. If there is a correction, $0.010 may serve as strong support.

Fat Penguins, are you ready to take off!