Weekly Chart: Altcoins ENA, PENGU, IP, FLR, CRO Poised for Gains

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Altcoins Ethena (ENA), Pudgy Penguins (PENGU), Story (IP), Flare (FLR), and Cronos (CRO) surged 15 to 39 percent in the last week of July 2025, signaling a potential altcoin rally as Bitcoin steadies above $119,000. This article explores their performance, market trends, and risks, urging investor caution amid volatile conditions.

The cryptocurrency market is buzzing with altcoin momentum as Bitcoin holds firm above $119,000, creating a window for smaller tokens to shine. According to CoinGecko, PENGU led with a 41 percent weekly gain, trading at $0.0436, driven by its vibrant community and non-fungible token (NFT) demand. “PENGU could be the Dogecoin of 2025,” posted @nobiwgmi on X, reflecting bullish sentiment fueled by whale accumulation and its Upbit listing. ENA, a synthetic dollar protocol, climbed 29.6 percent to $0.6679, with analysts eyeing $1.20 if it breaks the $0.60 zone. IP gained 17 percent weekly, with a Relative Strength Index (RSI) of 71 signaling bullish momentum and potentially testing the $6.50 to $7 resistance.

FLR rose 23 percent to $0.0249, bolstered by governance updates and a near-Golden Cross, where the 50-day Exponential Moving Average (EMA) nears the 200-day EMA, hinting at further gains. CRO, which powers the Cronos Chain’s decentralized applications (dApps), hit $0.1415, up 15 percent. Its total value locked (TVL) of $781.86 million supports growth. Analyst @cryptotarget11 on X predicted ENA’s breakout, stating, “It’s aiming straight for $1.20.” However, Lab4crypto warned on X that Bitcoin’s dominance could drain altcoin liquidity if Ethereum fails to surpass its $4,891 peak.

While the Altcoin Season Index sits at 49, which is short of the 75 needed for a true altcoin season, these tokens show promise. Yet, a Bitcoin correction could trigger sharp declines, with PENGU potentially falling to $0.0355 and ENA to $0.5542. Investors should prioritize due diligence, as market volatility demands prudent risk management over speculative fervor.