PENGUIN sees 137.7% volatility in 24 hours: trading volume surge triggers sharp price rebound
Bitget Pulse2026/05/07 22:02Volatility Overview
In the past 24 hours, PENGUIN price rebounded from a low of $0.00273 to a high of $0.00649, currently at $0.00383, with an amplitude reaching 137.7%. Trading volume saw a significant increase, with one case showing a 450% surge within 12 hours, and the 24-hour trading volume reached $5.8 million. Its market ranking has risen to 3rd place on Solana’s DexTools.
Brief Analysis of the Cause of Volatility
- Trading Volume Surge: The 24-hour trading volume skyrocketed, driving the price to rebound from a low of $0.00228 to $0.00362 (similar path), which served as the main direct driver.
- On-chain Technical Signals: The 5-minute RSI broke the extreme value of 90, accompanied by confirmed volume, which is a typical short-term pump indicator.
There are no official announcements or major news events; only heightened community speculation is observed.
Market Opinion and Outlook
Community sentiment is running high, with X platform traders referring to it as an “explosive growth,” sharing long signals and predicting further upside, but emphasizing that the “next one or two candlesticks will determine the risk of a reversal.” Analysts note that as a meme coin, high volatility brings the likelihood of pullbacks and suggest keeping an eye on support levels.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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