PENGU Price Surge Offers Recovery Potential Amid Mixed Outcomes for SUI and RENDER in May Performance

• PENGU surges 107% in a strong recovery, setting sights on resistance at $0.011 with upside targets at $0.0126 and $0.0171.

• SUI jumps 70% but faces critical resistance at $3.73, with $4.25 as the next major target if bullish momentum holds.

• RENDER lags with a 2% weekly gain, risking further declines as EMA signals potential weakness and death cross formation.

Discover how PENGU, SUI, and RENDER are reshaping the crypto landscape with significant price actions and trends this week.

Pudgy Penguins (PENGU) on the Rise

PENGU was once the leading meme coin on Solana, reaching a peak market cap of $2.9 billion on January 6. However, after its explosive rise, the token entered a prolonged correction phase, with its market cap falling below the $1 billion mark by January 29. Since then, PENGU has struggled to regain its previous momentum, reflecting broader cooling interest in meme coins during that period.

Despite the correction, recent price action suggests that sentiment around PENGU may be shifting again. Over the past seven days, PENGU has surged by 107%, including a gain of more than 16% in just the last 24 hours. PENGU could soon test the $0.011 resistance level if this strong momentum continues. A break above this point could open the path toward $0.0126, and if bullish pressure remains strong, further targets at $0.0171 and even $0.0223 could come into play — breaking above the $0.020 mark for the first time since January 27.

SUI’s Significant Breakout

SUI has been one of the standout performers among altcoins over the past week, surging 70% and positioning itself just behind Cardano, Solana, and XRP in market cap among the major Made in USA coins. With such a powerful move quickly, SUI is approaching critical technical levels that could determine whether the rally continues or faces a pullback.

Recently, SUI tested the resistance at $3.73 but failed to break through it. If it manages to test this level again and successfully break above it, the next target would be $4.25, which would also mark SUI’s first time trading above $4 since January 31. However, if bullish momentum fades, SUI could retrace to test the $3.25 support zone. Losing this support could lead to a deeper correction toward $2.92 or even $2.51, making the coming price action especially important for assessing whether SUI’s rally can extend further.

RENDER’s Underperformance in a Competitive Market

RENDER has been lagging behind the broader market, posting only a 2% gain over the last seven days, far less than most other major Made in USA coins. It has also underperformed relative to the top AI-focused tokens, such as TAO, FET, and VIRTUAL, which have shown much stronger momentum. This lackluster performance suggests that while artificial intelligence narratives continue to gain traction, RENDER has struggled to capture the same level of enthusiasm, raising concerns about its near-term outlook compared to its peers.

Technically, RENDER’s EMA lines are signaling potential weakness, with the possibility of a death cross forming soon. If the downtrend materializes, RENDER could first test support at $4.25; losing that level could open the door for deeper drops to $3.82, $3.55, and even $3.14. However, if RENDER manages to regain positive momentum, a rebound toward $4.63 could still be in play.

Conclusion

In summary, the crypto market shows distinct trajectories for PENGU, SUI, and RENDER this week. PENGU’s significant recovery and SUI’s remarkable breakout indicate strong bullish sentiment, while RENDER faces potential challenges that could hinder its short-term performance. Market participants should closely monitor the key resistance and support levels for all these assets to navigate the ongoing volatility effectively.