In the first week of May, Made in USA coins exhibited varied performances, with PENGU, SUI, and RENDER displaying distinct trajectories. PENGU experienced a significant surge, increasing by 107% over the past week, indicating a robust recovery following months of correction.

SUI also performed impressively, rising by 70% and positioning itself as one of the largest Made in USA coins. In contrast, RENDER struggled to make progress, underperforming both the broader market and leading AI coins.

PENGU was once the leading meme coin on Solana, achieving a peak market capitalization of $2.9 billion on January 6. However, following its rapid ascent, the token underwent a prolonged correction phase, with its market cap dropping below the $1 billion mark by January 29. Since then, PENGU has found it challenging to recapture its earlier momentum, mirroring the general decline in interest in meme coins during that timeframe.

Despite the correction, recent price movements suggest a possible shift in sentiment surrounding PENGU. Over the past week, PENGU has surged by 107%, including a gain exceeding 16% in the last 24 hours. If this upward momentum persists, PENGU could soon test the $0.011 resistance level. A breakthrough beyond this point might pave the way for further gains, potentially reaching $0.0126. Should bullish pressure remain strong, additional targets at $0.0171 and even $0.0223 could come into play, marking the first time the token surpasses the $0.020 threshold since January 27.

SUI emerged as one of the top performers among altcoins over the past week, climbing 70% and placing itself just behind Cardano, Solana, and XRP in terms of market capitalization among major Made in USA coins. With such a strong move underway, SUI is nearing critical technical levels that could decide whether the uptrend continues or encounters a pullback.

Recently, SUI attempted to breach the resistance at $3.73 but was unsuccessful. If it revisits this level and successfully breaks above it, the subsequent target would be $4.25, representing the first time SUI trades above $4 since January 31. Conversely, should bullish momentum weaken, SUI might retreat to test the $3.25 support zone. Losing this support could result in a deeper correction towards $2.92 or even $2.51, making the upcoming price action crucial for evaluating the sustainability of SUI's rally.

RENDER has lagged behind the broader market, registering only a 2% gain over the past week, significantly trailing most other major Made in USA coins. It has also underperformed compared to leading AI-focused tokens like TAO, FET, and VIRTUAL, which have demonstrated stronger momentum. This lackluster performance indicates that while artificial intelligence narratives are gaining traction, RENDER has struggled to attract similar enthusiasm, raising concerns about its short-term prospects relative to its peers.

From a technical standpoint, RENDER's exponential moving average (EMA) lines are signaling potential weakness, with the possibility of a death cross forming imminently. If the downtrend materializes, RENDER could initially test support at $4.25; failing to hold this level might open the door for further declines to $3.82, $3.55, and even $3.14. On the other hand, if RENDER regains positive momentum, a rebound towards $4.63 could still be feasible.

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