Crypto Card Spending Surges to New Heights
- Transaction Surge: In March 2024, crypto payment card transactions reached $606 million, marking a 500% increase since September 2024, highlighting the growing significance of crypto payment cards on public blockchains as businesses increasingly adopt this dynamic financial model.
- Tron Network Dominance: Tron accounted for 35% of all spending, with the BNB Chain following at 15%, as Tron distinguished itself through robust liquidity and rapid transaction capabilities, processing around $2 trillion in USDT in Q1 2026 alone.
- Visa's Market Leadership: Visa orchestrated approximately 90% of card-based crypto transactions in March, enhancing its influence by partnering directly with crypto infrastructure entities, with expectations for its Bridge stablecoin card initiative to solidify its position by 2026.
- Southeast Asia's Rise: Between 2024 and 2025, local card issuance in Southeast Asia surged 83 times, accounting for 60% of global stablecoin payments, playing a pivotal role in enhancing financial accessibility in regions where traditional banking infrastructure is either expensive or sparse.
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Technical Analysis for PENGU
Technical Sentiment Analysis for Pudgy Penguins (PENGU). As of , Pudgy Penguins (PENGU) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for PENGU stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, PENGU is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Pudgy Penguins (PENGU) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00649 | 0.0079 | 0.00904 | 0.0105 | 0.0116 | 0.013 | 0.0141 |
| Fibonacci | 0.0079 | 0.00888 | 0.00948 | 0.0105 | 0.0114 | 0.012 | 0.013 |
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