Memecoins SPX6900, Floki and Fartcoin all float at important technical levels, with recent price promotions that can be broken on possible bullish reversations as the most important resistance zones in the coming days.
Crypto -markets fell nearly 2% on July 17, which means that total market capitalization fell to $ 3.8 trillion. The memecoin sector, on the other hand, has been set 5.7% in the same period.
The recent profits of Bitcoin (BTC) After reaching a new of all time above $ 123,000 on July 14, it seems to have ruled the risk-on sentiment on the market.
Although Bitcoin has since been corrected to $ 118,000, where it has remained relatively flat in the last 24 hours from the moment of the press, Ethereum (ETH) has won 9% in the same period and reached a high point of a highest point of seven months of $ 3,450.
In the past week, Ethereum has won 23.4%, which considerably exceed Bitcoin’s 6.4% increase. The shift suggests that the growing investor interest in assets outside of Bitcoin.
Some analysts reproduction This as a sign that Bitcoin -Dominance is weakened, a recurring trend that was observed before the start of an Altcoin season.
For a persistent Altcoin rally to start with analysts, say that Ethereum Bitcoin should continue to surpass consistent. When the capital of Bitcoin runs in Ethereum, it often moves further down to mid-cap tokens and eventually Memecoins, which historically seen the strongest rallies during such phases.
Among the top performers who are currently attracting attention, SPX, Floki and Fartcoin -each of these meme coins has formed different breakout set -ups that can ephruit the road for more upside down in the coming days.
SPX6900
SPX6900 (SPX) won 20% last week and reached an intraday height of $ 1.89 on July 16 before he withdrew slightly to $ 1.81 at the time of writing. Token has now risen around 524% compared to the year to date.
The recent rally seems to have been activated by a breakout of a bull flag pattern on the daily graph. SPX is currently testing a key resistance level at $ 1.81, which marks the neckline of a developing cup and lever pattern, a classic bullish formation that often signals the continuation of an uptrend.
SPX also continues to act over both its 50-day and 200-day progressive averages, a technical signal that generally reflects a long-term momentum and positive long-term trend coordination.
If SPX breaks above the neckline with a strong volume, the next large target is $ 2.77. The level represents an increase of 53% compared to the current price and votes with the projected breakout range of the cup and handle pattern.
Floki
Floki (Floki) traded on Thursday afternoon, Asian time, traded at $ 0.000132, an increase of 44.5% in the past week, with the most profit in the last 24 hours. From the moment of the press, Floki had risen by 175% compared to his year to date registered in April.
The rally seems to have picked up the momentum after Floki has gone to the daily graph from a long -term falling trendline. Token has successfully re -tested the former resistance, which now functions as support, a movement that is generally seen as a bullish breakout and a potential shift in market sentiment.
Floki also knew a decreasing parallel channel that was present since May. This outbreak adds strength to the current bullish outlook and points to the possibility of further profit in the short term.
However, the token is now confronted with resistance at the 61.8% Fibonacci retracement level, located at $ 0.000167. A daily close to above this level can push the price to the 78.6% Fibonacci level at $ 0.000196, which represents an advantage of around 52% of the current price.
Data on chains support the upward theory. According to analysis company Nansen, the number of daily active addresses today has more than doubled, thereby signaling increased network activity and user involvement.
Market sentiment is also stimulated by speculation around a possible Robinhood list, which has been circulating Lately on x.
Crooked
In the past seven days, Fartcoin (Fartcoin) has won 21.3%and acts at $ 1.44 at the time of writing. Market capitalization is now around $ 1.43 billion. The recent rally has pushed its year-to-date profit to more than 550%.
Fartcoin is currently testing the upper limit of an increasing channel that started to form after it fell to a low point of $ 0.80 in June. This level has now become an important resistance zone.
The token continues to act above his 50-day advancing average, a sign that the wider trend bullish remains. Momentum indicators such as the MacD lines are trending up, indicating that the momentum is still for the bulls.
If the purchasing pressure applies, an outbreak above the immediate resistance to $ 1.46, adjusted to the 50% Fibonacci retracement level, can activate the next leg up. The next large target is $ 2.7, the year-to-high high and 87% is above the current price.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
