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Crypto rate rockets: Flare and Pudgy Penguins soaring!
On July 23, 2025, Flare (FLR) is up 4% while Pudgy Penguins (PENGU) continues to rise. Worldcoin (WLD) is showing mixed results.
Crypto rate rockets: Flare and Pudgy Penguins soaring!
On July 23, 2025, cryptocurrencies experience a remarkable rise. Flare (FLR) is up 4%, extending Tuesday's gains to nearly 15%. The Pudgy Penguins (PENGU) also continues its bullish rally and shows an increase of over 45%.
Overall, the market capitalization of cryptocurrencies, excluding Bitcoin, reached $1.53 trillion, the highest level in eight months. Notably, the altcoin market gained 30% in July, indicating a possible capital rotation from Bitcoin to altcoins.
Flare and the technical indicators
Flare aims to break above the 50% level at $0.02458. Technical indicators point to a positive development: the 50-day EMA is about to cross the 200-day EMA, signaling a golden cross. The MACD shows increasing bullish momentum, while the Relative Strength Index (RSI) is at 90, indicating increased buying pressure.
If FLR fails to close above $0.02458, it could test the support at $0.02090. If successful, the price could rise towards $0.02851, which was last tested on January 30th.
Pudgy Penguins and Worldcoin in focus
The Pudgy Penguins are targeting the psychological level of $0.07000. A close above $0.05000 could extend the trend further. The MACD and RSI, also at 90, suggest continued growth in the bullish momentum. However, if there is a decline, the support at $0.03731 could be tested.
Worldcoin (WLD), on the other hand, is down 3% after a nearly 13% rise on Tuesday. However, the price is holding above the 200-day EMA at $1.28 and the 38.2% Fibonacci level at $1.22. The current uptrend could head towards the 50% retracement level at $1.55, which would mark the highest close since February 1st. If WLD breaks below the 200-day EMA, it could test the Fibonacci level at $1.22 again.
Overall, sentiment in the altcoin market remains optimistic and it remains to be seen how prices will perform in the coming days as investors pay close attention to technical indicators and possible price targets.
For further information: FXStreet – German, FXStreet – English