Altcoin seasonal signals are emerging! This week, PENGU, ENA, IP, FLR, and CRO are worth following.

At the end of July, the cryptocurrency market showed signs of altcoin rotation! Pudgy Penguins (PENGU), Ethena (ENA), Story (IP), Flare (FLR), and Cronos (CRO) have performed well in the past seven days, with rises ranging from 15% to 39%. Although the index measuring altcoin season is currently at 49 points (down from 59 points on July 21), below the seasonal threshold of 75 points, analysts suggest that we may currently be in an "Ethereum season," which is often a precursor to a full altcoin season. If Bitcoin can maintain above $119,000, it may provide support for further rises in alts this week.

Alts Seasonal Index Pullback, Analysts Warn of Key Levels

According to authoritative on-chain data models, the seasonal index measuring the overall performance of altcoins currently reads 49 (range 0-100), a decline from 59 on July 21. This index needs to remain above 75, and the top 50 altcoins must outperform Bitcoin over a 90-day period, while Bitcoin's market cap share is relatively low, in order to confirm the arrival of altcoin season. The Lab4crypto on-chain analyst team characterizes the current phase as "Ethereum season", which is usually a precursor to a comprehensive altcoin explosion in past crypto cycles.

Analysts recently issued a warning on social media: if Ethereum (ETH) fails to break its all-time high of $4,891, Bitcoin (BTC) may siphon market liquidity, thereby suppressing altcoin performance. The price trends of Bitcoin and Ethereum in August 2025 will be key variables influencing the performance of the top 50 tokens.

Pudgy Penguins (PENGU): NFT empowered coin surged 41%

The Web3 brand Pudgy Penguins, popular for its physical goods, toys, and digital collectibles, saw its ecosystem token PENGU surge strongly this week. As of the time of writing, PENGU has risen nearly 4% today, priced at $0.0436. According to Gate data, PENGU has increased by 41% over the week and nearly 375% within the month.

The technical indicators show that PENGU is likely to continue its rise by about 7%, testing the previous high of $0.0466. If it rises further by 30%, it may reach the 127.2% Fibonacci retracement level from the June 22 low to the July 23 high. Two major momentum indicators at the daily level support a bullish outlook. However, caution is advised; if the Bitcoin price retraces, PENGU may fall back to test the key support at the July 25 low of $0.0355.

Ethena (ENA): Synthetic Dollar Protocol Token Gearing Up for Attack

The historical high point of the Ethena token ENA was $1.52, and it is currently reported at $0.6679. From the ENA/USDT daily chart, it can be seen that its rise began on July 24. The Relative Strength Index (RSI) is currently at a high of 82, and traders need to monitor closely; if the RSI falls below 70, it may trigger a sell signal.

ENA is expected to rise by 13% to test the $0.75 resistance level, which was an important support. If a pullback occurs, $0.5542 will be the key liquidity collection support zone.

Story (IP): IP content tokens rose 88% this month with strong momentum

The price of the Story token IP has slightly declined today, but it has still recorded an increase of nearly 17% over the past week and a monthly increase of up to 88%. The daily chart and technical indicators provided by crypto. news support the bullish trend of IP. The RSI is at 71, and the MACD indicator shows the green histogram above the zero line, indicating potential upward momentum in its price.

IP is expected to continue testing the two major resistance levels of $6.50 and $7.00. If the market adjusts, $4.70 is expected to provide strong support.

Flare (FLR): Interoperability token rose 23% weekly

The Flare token FLR has risen 23% in the past seven days, with a monthly increase of 47%, currently priced at $0.0249. Daily technical indicators suggest FLR has further upward potential. If it rises by 13%, it may test the resistance at $0.0279; if it rises by 20%, it could challenge the previous resistance level of $0.0300. Both the RSI and MACD indicators support a bullish outlook for FLR.

The support for the FLR pullback can be focused on the low point of $0.0241 on July 21, which may become a liquidity accumulation area before a new round of rise.

Cronos (CRO): Ecological token rises 72% this month

The Cronos token CRO rose by 15% in the past week, with a monthly increase of 72%. The momentum indicators on the daily price chart support its continued rise.

CRO may pump nearly 6% to test the R1 resistance level of $0.1465; if it rises by 11%, it is expected to reach $0.1537. The key support level below is $0.1250, which has acted as resistance for several months. The daily RSI and MACD both indicate a high probability of a rise, but it should be noted that if the RSI falls below 70, it will signal a sell, while the green histogram of the MACD suggests potential upward momentum in the price.

Conclusion: Although the alts season index has not yet reached the standard, the strong performance of projects like Pudgy Penguins and Ethena has released signals of early rotation. Whether Ethereum can break through its historical high will be a key market indicator, directly influencing the short-term trends of alts. Traders need to closely monitor the stability of Bitcoin's price and Ethereum's breakout situation, while also being cautious of a potential flash crash in Bitcoin, which could trigger a collective deep correction in the top 50 tokens, quickly erasing recent gains. When positioning for potential altcoins, it is essential to combine technical indicators (such as RSI overbought signals) with key support and resistance levels for risk management.