PENGU Memecoin Surge: Analyst Foresees Continued Growth but Big Challenges After April
Crypto strategist Altcoin Sherpa is bullish on Solana-based memecoin Bonk (BONK) after it broke out of an accumulation zone, predicting further gains.
He suggests BONK could rally to $0.0000262, having already surged over 60% this month. At the time of writing, BONK is priced at $0.0000182. Meanwhile, Sherpa warns that Pudgy Penguins (PENGU) must form a higher low around $0.0065 to reverse its downtrend. Otherwise, it could drop to $0.004. While he remains generally bullish on altcoins. Sherpa advises caution as many are still in bearish trends despite recent gains.
Clever Robot News Desk 29th April 2025
