{"id":30422,"date":"2025-07-23T04:49:11","date_gmt":"2025-07-23T04:49:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/30422\/"},"modified":"2025-07-23T04:49:11","modified_gmt":"2025-07-23T04:49:11","slug":"flr-pengu-wld-surge-with-altcoin-markets-highest-close-in-eight-months","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/30422\/","title":{"rendered":"FLR, PENGU, WLD surge with altcoin market\u2019s highest close in eight months"},"content":{"rendered":"

Flare edges higher by 4%, extending the nearly 15% gains from Tuesday.\u00a0Pudgy Penguins stretch the bullish run for the third consecutive day.\u00a0Worldcoin ticks lower after a nearly 13% jump on Tuesday.\u00a0<\/p>\n

The total cryptocurrency market capitalization, excluding Bitcoin (BTC), hit a daily close of $1.53 trillion, the highest in eight months. The altcoin market has recorded a 30% surge in July so far, suggesting a capital rotation from Bitcoin to altcoins, which indicates an altcoin season may be around the corner.\u00a0<\/p>\n

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Total crypto market cap, excluding Bitcoin, daily price chart.<\/p>\n

As altcoins heat up, Flare (FLR), Pudgy Penguins (PENGU), and Worldcoin (WLD) post double-digit gains over the last 24 hours, outpacing the broader cryptocurrency market.\u00a0<\/p>\n

Flare aims to surpass the 50% level at $0.02458<\/p>\n

Flare edges higher by 4% at press time on Wednesday, extending the nearly 15% gains from the previous day. The uptrend challenges the 50% level at $0.02458, which is drawn from the $0.03827 peak on December 3 to the $0.01088 low on April 7.\u00a0<\/p>\n

If bullish momentum holds, a decisive close above this level could boost FLR to the $0.02851 level, last tested on January 30.\u00a0<\/p>\n

The 50-day Exponential Moving Average (EMA) is on the verge of crossing above the 200-day EMA, potentially signaling a Golden Cross. Investors could consider this a buy signal as the short-term surge outpaces the longer-term trend.\u00a0<\/p>\n

The Moving Average Convergence\/Divergence (MACD) indicates a surge in bullish momentum, as evidenced by rising green histogram bars above the zero line.\u00a0<\/p>\n

The Relative Strength Index (RSI) reads 90 on the daily chart, indicating increased buying pressure that has led to an overbought condition.\u00a0<\/p>\n

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FLR\/USDT daily price chart.<\/p>\n

On the downside, if FLR fails to maintain a daily close above $0.02458, the declining trend could retest the $0.02090 support level, erasing the gains made on Tuesday.\u00a0\u00a0<\/p>\n

Pudgy Penguins sustain the bullish run, targeting $0.07000<\/p>\n

Pudgy Penguins maintain a bullish trend with the third consecutive positive candle so far this week, accounting for an over 45% rise. The uptrend inches closer to the $0.05000 psychological level as it exceeds the 78.6% retracement level at $0.03731, drawn from $0.07000 on December 17 to $0.00370 on April 9.\u00a0<\/p>\n

A decisive close above the $0.05000 level could extend the bullish trend to the $0.07000 peak.\u00a0<\/p>\n

The Golden Cross, followed by a crossover between the 100-day and 200-day EMAs, suggests a bullish trend is in motion.\u00a0<\/p>\n

The MACD indicator, with rising green histogram bars, and the RSI at 90 (indicating overbought conditions) on the daily chart, suggest continuous growth in bullish momentum.<\/p>\n

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PENGU\/USDT daily price chart.<\/p>\n

On the downside, a reversal in PENGU could retest the 78.6% Fibonacci level at $0.03731.<\/p>\n

Worldcoin reversal run holds above the 200-day EMA<\/p>\n

Worldcoin ticks lower by 3% at press time on Wednesday, following a nearly 13% surge on Tuesday. WLD holds above the 200-day EMA at $1.28 and the 38.2% Fibonacci level at $1.22, drawn from $4.19 on December 6 to $0.57 on April 7.\u00a0<\/p>\n

The uptrend targets the 50% retracement level at $1.55, last tested on May 23. A decisive close above this level would mark the highest close since February 1, potentially extending the uptrend to $1.96, aligning with the 61.8% level.\u00a0<\/p>\n

The 50-day and 100-day EMAs are on the verge of a crossover, signaling that short-term recovery is outpacing the medium-term trend.<\/p>\n

The MACD and its signal line maintain an uptrend, with the RSI at 78, approaching the overbought boundary, suggesting extended recovery amid heightened bullish momentum.<\/p>\n

\"\"<\/p>\n

WLD\/USDT daily price chart.<\/p>\n

However, if WLD falls below the 200-day EMA at $1.28, it could retest the 38.2% Fibonacci level at $1.22, followed by the 100-day EMA at $1.07.<\/p>\n

Disclaimer: For information purposes only. Past performance is not indicative of future results.<\/p>\n","protected":false},"excerpt":{"rendered":"Flare edges higher by 4%, extending the nearly 15% gains from Tuesday.\u00a0Pudgy Penguins stretch the bullish run for…\n","protected":false},"author":2,"featured_media":30423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":{"0":"post-30422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/30422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=30422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/30422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/30423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=30422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=30422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=30422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}