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The three cryptocurrencies that stood out this week were Fartcoin (FARTCOIN), SPX6900 (SPX) and Ethena (ENA) with impressive performances. FARTCOIN, the rising star in the meme coin space, has increased 67% in the past seven days, reaching a new high and becoming the 5th largest meme coin on Solana.
SPX also reached a new high with a market capitalization of $1.22 billion, up 63% this week despite a slight increase in trading volume. Meanwhile, Ethena (ENA) is up 37% after announcing its 2025 roadmap.
Fartcoin (FARTCOIN)
FARTCOIN, which debuted on Pump.fun, currently has a market capitalization of $1.4 billion and is up 67% in the past seven days. This coin has continuously reached new highs over the past few weeks, solidifying its position as the 5th largest meme coin on Solana.
FARTCOIN’s EMAs are still trending up, indicating the potential for continued growth. If the trend continues, FARTCOIN could test the $1.61 resistance and if broken, the price could rise to $1.70 or even $1.80.
If support at $1,299 fails to hold, a sharp correction could occur, pushing the price down to $0.92 and below $1.
SPX6900 (SPX)
SPX has reached a new peak with a market capitalization of $1.22 billion, entering the top 100 largest cryptocurrencies. The coin is up 63% in the past seven days, a strong showing despite a 27% drop in trading volume over the past 24 hours.
If the uptrend continues, SPX could move towards the $1.40 resistance level and possibly reach $1.50 for the first time. However, if the trend reverses, SPX could retest the strongest support at $0.93.
A break below this level could lead to further decline, pushing the price to $0.819 or even $0.615.
Ethereum (ENA)
Ethena, the Ethereum-based platform that builds a synthetic USD, has emerged as one of the best-performing cryptocurrencies this week, with its price up 37% in the past seven days.
The announcement of its 2025 roadmap, which includes payments app Telegram and plans for TradFi integration, has stimulated massive investor interest.
With a market capitalization of $3.77 billion, ENA is currently only 19% of its previous peak. If the uptrend continues, ENA could break above the $1.32 resistance and move closer to the $1.50 peak.
However, if the momentum weakens, ENA could retest the $1.12 support level, and if it fails to hold, the price could drop to $1.01.
General Bitcoin News
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