Pudgy Penguins rallies 7.44% amid Bitcoin's rise, but long-term trend remains bearish.

Pudgy Penguins (PENGU) surged 7.44% in 24 hours following Bitcoin's climb past $76,000, recovering from a recent 11.8% drop over the weekend. Despite this short-term rally, PENGU remains below its key resistance level of $0.0077, which has capped gains since February. The altcoin has traded within a narrow range for months, showing overall bearish momentum. Traders should watch for a breakout above $0.008 for potential buying opportunities, but longer-term resistance near $0.0105-$0.012 may limit further gains, suggesting cautious profit-taking.