Made in USA coins have delivered a mixed performance in the first week of May, with $PENGU, $SUI, and $RENDER showing very different trajectories. $PENGU surged by 107% over the past week, signaling a strong recovery after months of correction.
$SUI also impressed, jumping 70% and positioning itself among the largest Made in USA coins. Meanwhile, $RENDER struggled to gain traction, underperforming both the broader market and the leading AI coins.
Pudgy Penguins ($PENGU)
$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
$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
$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.
beincrypto.com