Biggest Price Prediction for Crypto Assets: FLR, PENGU, WLD Surge, alts Reach Highest Closing Price in Eight Months

Bitcoin Dominance is showing signs of decline, and speculation about altcoin season is growing stronger. The total market capitalization of crypto assets, excluding BTC, reached a Closing Price of $1.53 trillion in a single day, marking the highest level in eight months. So far in July, the altcoin market has cumulatively risen by 30%, indicating that funds are shifting from Bitcoin to alts, and the golden season for altcoins may be approaching.

(Source: Trading View)

With the rise of alts, Flare (FLR), Pudgy Penguins (PENGU), and Worldcoin (WLD) have all achieved double-digit pumps in the past 24 hours, surpassing the overall Crypto Assets market.

FLR targets to break the 50% level, reaching 0.02458 USD

As of Wednesday's press release, the FLR price rose by 4%, continuing the nearly 15% increase from the previous trading day. The upward trend of the stock challenges the support level of 0.02458 USD, which is formed by the drop from the high of 0.03827 USD on December 3 to the low of 0.01088 USD on April 7.

If the bullish momentum continues, a decisive closing above this level may push FLR up to the level of $0.02851, with the last test occurring on January 30.

The 50-day Exponential Moving Average (EMA) is about to cross above the 200-day Exponential Moving Average, which may signal a golden cross. Due to the short-term upward momentum exceeding the long-term trend, investors can take this as a buy signal.

The Moving Average Convergence Divergence (MACD) shows a surge in bullish momentum, evidenced by the rising green histogram bars above the zero line.

The relative strength index (RSI) on the daily chart is 90, indicating increased buying pressure, resulting in an overbought condition.

The downside is that if FLR fails to maintain a daily Closing Price above $0.02458, the downtrend may retest the support level of $0.02090, erasing Tuesday's pump.

(Source: Trading View)

PENGU maintains a bullish trend, with a target price of 0.07000 USD

PENGU maintains a bullish trend, having recorded its third consecutive bullish candle this week, with a gain of over 45%. The upward trend is approaching the psychological barrier of $0.05000, having broken through the 78.6% retracement level of $0.03731 (this retracement level is from $0.07000 on December 17 to $0.00370 on April 9).

A decisive Closing Price above 0.05000 may extend the bullish trend to a peak of 0.07000.

Golden cross, followed by the crossover between the 100-day and 200-day EMA, indicating that a bullish trend is forming.

The MACD indicator on the daily chart (with an ascending green histogram) and the RSI at 90 (indicating overbought conditions) show that bullish momentum is continuing to grow.

The downside is that PENGU's reversal may retest the 78.6% Fibonacci level of $0.03731.

(Source: Trading View)

WLD reversal trend maintains above the 200-day moving average

As of Wednesday's press release, the WLD price has dropped by 3%, while it soared nearly 13% on Tuesday. The WLD price is holding above the 200-day moving average (EMA) at $1.28 and has broken through the 38.2% Fibonacci level at $1.22, which has fallen from $4.19 on December 6 to $0.57 on April 7.

The target for the upward trend is the 50% retracement level of $1.55, with the last test occurring on May 23. If the Closing Price consistently exceeds this level, it will set the highest Closing Price since February 1, and may extend the upward trend to $1.96, aligning with the 61.8% level.

The 50-day and 100-day EMA are about to cross, indicating that the short-term recovery rate exceeds the medium-term trend.

The MACD and its signal line maintain an upward trend, the RSI is at 78, close to the overbought boundary, indicating that the recovery will continue under the strengthening bullish momentum.

However, if WLD falls below the 200-day EMA of $1.28, it may retest the 38.2% Fibonacci level at $1.22, followed by the 100-day EMA at $1.07.

(Source: Trading View)