Despite wider fixes in the crypto market, several altcoins have skyrocketed this week, with SPX, WBT and hype leading the price among top gains. SPX has solidified its role as a major meme coin, surpassing 100% in the last 30 days.
Whitebit Token (WBT) hit a new all-time high of over $38, showing strong momentum despite a wider market pullback. Meanwhile, hype continues to dominate the enduring market, trading near record highs as market capitalizations are pushed into the Crypto top 10.
SPX6900 (SPX)
SPX has been one of the standout performers of Meme Coins for the past month, with prices rising nearly 102% over the last 30 days and another 28% over the past week.
With a market capitalization of $1.34 billion and a 24-hour trading volume of $138 million, SPX has established itself as a major player in the Meme Coin sector.
From a technical standpoint, SPX’s EMA line remains bullish, with the short-term average still above the long-term average, but the gap between them is beginning to narrow.
This suggests that upward momentum will weaken to some extent, making the support level a key zone of $1.22. If that level breaks, the price could be increased to an additional $0.99, potentially $0.90.
However, if bullish emotions are retained and the volume is restored, SPX will retest and could break resistance for $1.74, opening another leg door.
White Bitcoin (WBT)
Whitebit Coin (WBT) set a new all-time high of over $38, ignoring the wider market slump, becoming the top-performing coin of the day.
WBT, which has increased by 13% over the past 24 hours and nearly 23.5% over the past week, shows notable resilience and strong investor interest despite the overall market decline.
Looking ahead, bullish pressure continues and market conditions stabilize, WBT can target psychological levels at $40 and potentially $45.
However, short-term care is required as the closest support of $32.22 is key to maintaining the current uptrend. A break below that level could create an even more downside towards $30.86.
High lipids (hype)
Hype, the native token of Hyperliquid, has been trading near the all-time high in the last few days, and is currently hovering around $40 after temporarily touching a level close to $44.
Tokens have grown nearly 64% over the last 30 days, and if stable and packaged assets are excluded, they will be placed in the top 10 cryptocurrencies by market capitalization. This surge reflects the domination of hyperglycemia in the permanent trading sector, with the protocol currently gaining a market share of 76.9% from 63.7% in December 2024.
From a technical standpoint, the hype shows strong bullish momentum supported by recent listings on Binance US and ongoing speculation about potential Binance lists.
If the rally continues, the token could soon exceed $45. However, if the price cools down and the $38.2 support level is lost, it will allow for a drop to $32.63.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
