Altcoins like SPX, INJ, and SAND are trending today due to major price movements and increased market attention. SPX has risen 17% in the last 24 hours, reaching a market capitalization of $1.4 billion and securing its position as the ninth largest meme coin.
Meanwhile, INJ is up almost 13% and its trading volume has soared 123%, as it approaches key resistance levels that could take it into the top 50 cryptocurrencies. SAND, recovering from a 20% drop last month, gained more than 10% in the past day, and the bullish momentum could propel it towards higher resistance levels.
SPX6900 (SPX)
SPX has seen significant growth, reaching a market cap of around $1.4 billion after a 17% rise in the last 24 hours, making it one of the best-performing altcoins on the market. This rise has positioned SPX as the ninth largest meme coin, surpassing FARTCOIN and very close to BRETT, the top meme coin on the Base chain.
If the uptrend continues, SPX could target $1.60 and potentially $1.70 for the first time. Breaking these levels would further solidify its position among the top meme coins and attract additional interest. However, maintaining this momentum will require constant buying pressure.
A correction remains possible, given the SPX’s 71% rise over the past week. If the selling pressure increases, SPX could test the strong support at $0.93. Further declines could bring the price down to $0.81 or even $0.61, depending on the strength of the correction.
Injective (INJ)
INJ is up almost 13% in the last 24 hours, cementing its position as one of the most relevant altcoins right now. INJ, currently ranked 55th by market capitalization, is making progress towards entering the top 50 cryptocurrencies. This recent growth has been accompanied by a significant increase in trading volume, which increased by 123% during the same period, reaching $259 million.
The INJ EMA lines have shown strong bullish signals, with two golden crosses forming in recent days and another potentially on the horizon. If the current uptrend continues, INJ could test the resistance at $26.5. Breaking above this level could pave the way for further gains, with targets at $29.4 and possibly above $30 if momentum remains strong.
However, a downtrend remains possible, especially given the recent strong gains. If the selling pressure increases, INJ could test the $23.9 support level. A break below this could lead to further declines, with $19.7 emerging as the next critical support to watch.
The sandbox (SAND)
SAND has gained more than 10% in the last 24 hours, regaining its position among the top 100 altcoins by market capitalization. After a challenging month that saw its price drop 20%, SAND is attempting to bounce back with renewed bullish momentum. Its market capitalization currently stands at $1.69 billion, indicating growing interest from investors.
If the positive momentum continues, SAND could rise to test the resistance at $0.71. A successful break above this level could pave the way for further gains, with $0.83 as the next key target.
However, downside risks remain if the $0.65 support does not hold. In that scenario, SAND could face additional selling pressure, potentially falling to test the support levels at $0.57 and $0.52.
Disclaimer
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