- PENGU climbs to second-largest Solana memecoin, suggesting shifting trader sentiment and rising market cap dominance.
- TRUMP rebounds by 7.17% to $11.51, breaking consolidation with high volume and bullish MACD, despite overbought RSI at 75.10.
- TRUMP must hold $10 support and break $12–$15.50 resistance to regain momentum and challenge PENGU’s lead.
PENGU has overtaken TRUMP to become the second largest memecoin by market cap on the Solana network. This comes during a period of renewed momentum in the memecoin market, where investor flows appear to favor PENGU over older memes.
TRUMP, previously dominant, has now slipped to third place. However, its recent breakout from a long consolidation zone suggests it may not remain down for long. While PENGU gains attention on market cap growth, TRUMP is making a strong technical case with rising price action, expanding volume, and building momentum.
PENGU Rises As TRUMP Battles to Reclaim Lost Position
The market cap jump for PENGU shows growing investor confidence and rising participation on Solana. TRUMP’s decline in ranking coincides with its earlier drop from over $70 to under $10.
In contrast, PENGU has avoided such sharp drops and gained strength amid broader retail activity. TRUMP’s attempt to rebound is underway, but PENGU’s recent surge shows a shift in sentiment among Solana based memecoin traders.
Despite the change, TRUMP has shown signs of recovery. Its price rose by 7.17% on the day to $11.51, with a daily range between $10.45 and $11.92. This move follows a long period of sideways trading and breaks a structure that had formed after a major decline.
High Volume Backs TRUMP’s Attempted Rebound
While PENGU strengthens its market cap dominance, TRUMP’s volume data shows renewed accumulation. With 10.7 million in daily volume, the current upward move holds stronger technical weight than previous failed rallies. Sustained high volume above $10 will be essential if TRUMP is to regain market cap lost to PENGU.
As TRUMP moves to reclaim lost ground, its support zone at $10 becomes increasingly important. Resistance at $12 and $15.50 remains ahead, but these levels are now within reach due to rising market activity.
Indicators Suggest Short Term Heat, But Trend Still Holds
Despite its momentum, TRUMP’s RSI has entered overbought levels at 75.10, while the RSI moving average lags behind at 56.53.
The price may briefly cool, but technical indicators continue to support the breakout. MACD readings confirm this view, with the MACD line at 0.32 above the signal line at 0.06 and a widening histogram.
Both PENGU’s market cap surge and TRUMP’s breakout reflect a shift in Solana’s memecoin movements. PENGU now leads in value behind the top memecoin, while TRUMP attempts to recover technically.
Final Outlook
PENGU has overtaken TRUMP in Solana memecoin rankings, suggesting a shift in market leadership. However, TRUMP’s technicals show a potential trend reversal in progress. While PENGU grows in market cap, TRUMP now shows early signs of a comeback through price structure and momentum.
