Top 3 Made-in-USA Coins: PENGU and SUI Shine, RENDER Lags Behind in Early May

As the first week of May wraps up, Made-in-USA cryptocurrency projects have delivered a mixed bag of results. Pudgy Penguins (PENGU) and SUI posted strong rallies, while RENDER struggled to keep pace with broader market gains.

Pudgy Penguins (PENGU) Leads the Charge

PENGU, once a high-flying meme coin on the Solana blockchain, has shown signs of life after months of correction. The token surged by an impressive 107% over the past week, including a notable 16% jump in the last 24 hours alone.

At its peak on January 6, PENGU boasted a market cap of $2.9 billion before cooling down sharply to under $1 billion by the end of January. Since then, sentiment around meme coins has cooled, but PENGU’s recent rally suggests investor interest may be reigniting.

Technically, the next major hurdle lies at the $0.011 resistance level. A successful breakout could pave the way toward targets at $0.0126, $0.0171, and even $0.0223 — levels not seen since late January.

SUI Maintains Strong Momentum

SUI also emerged as one of the week’s strongest performers, climbing 70% and solidifying its position just behind giants like Cardano, Solana, and XRP in the Made-in-USA coin rankings.

Despite its powerful rally, SUI faced resistance at $3.73, unable to secure a breakout. A second attempt at this level could see SUI reach new highs around $4.25 — its first time above $4 since January 31.

However, caution is warranted. If bullish momentum fades, SUI risks slipping back to the $3.25 support zone. A break below that could expose further downside toward $2.92 or even $2.51, making upcoming price action pivotal for its short-term trajectory.

RENDER Struggles to Keep Up

While PENGU and SUI soared, RENDER found itself lagging. Over the past seven days, RENDER managed only a modest 2% gain, underperforming not just its Made-in-USA peers, but also the leading AI-focused tokens like TAO, FET, and VIRTUAL.

The technical outlook for RENDER is cautious. Moving average indicators hint at potential weakness, with a looming "death cross" pattern that often precedes further declines. If selling pressure intensifies, RENDER could test support levels at $4.25, $3.82, $3.55, and possibly down to $3.14.

Still, a rebound remains possible. Regaining bullish momentum could allow RENDER to target a recovery move toward $4.63, but the project needs a catalyst to re-ignite investor interest in the near term.