Altcoins such as SPX, INJ and SAND are attracting attention today due to strong price movements and interest from the market. SPX is up 17% in the past 24 hours, reaching a market capitalization of $1.4 billion and retaining its position as the 9th largest Meme Coin Coin.
Meanwhile, INJ is up nearly 13%, with trading volume surging 123%, as it approaches key resistance levels that could push it into the top 50 cryptocurrencies. SAND, after falling 20% last month, has surged more than 10% in the past day, with bullish momentum possibly pushing it towards higher resistance levels.
SPX6900 (SPX)
SPX has experienced significant growth, reaching a market capitalization of around $1.4 billion after gaining 17% in the past 24 hours, making it one of the best-performing altcoins on the market. This momentum has made SPX the 9th largest Meme Coin Coin, surpassing FARTCOIN and approaching BRETT, the top on-chain Meme Coin Base.
If the uptrend continues, SPX could target $1.60 and possibly $1.70 for the first time. Surpassing these levels will solidify its position among the top Meme Coins and attract further interest. However, maintaining this momentum will require constant buying pressure.
A correction is still possible, noting SPX is up 71% in the past week. If selling pressure increases, SPX could test strong support at $0.93. Further declines could push the price to $0.81 or even $0.61, depending on the strength of the correction.
Injective (INJ)
INJ is up nearly 13% in the past 24 hours, affirming its position as one of the prominent altcoins currently. Currently ranked 55th by market capitalization, INJ is working to enter the top 50 cryptocurrencies. The recent growth has been accompanied by a sharp increase in trading volume, up 123%, reaching $259 million.
INJ’s EMAs have been showing strong bullish signals, with two golden crossovers appearing in recent days and the possibility of one more. If the current uptrend continues, INJ could test resistance at $26.50. A break above this level could pave the way for additional profits, with targets at $29.40 and possibly above $30 if the trend continues to be strong.
However, a downtrend is still possible, especially after the recent strong gains. If selling pressure increases, INJ could test support at $23.90. If this level is broken, the downtrend could resume, with $19.7 being the next key support to watch.
The Sandbox (SAND)
SAND has increased more than 10% in the past 24 hours, restoring its position in the top 100 altcoins by market capitalization. After a difficult month with a 20% price drop, SAND is trying to recover with a new uptrend. Its current market capitalization is $1.69 billion, signaling growing interest from investors.
If the positive momentum continues, SAND could rise to test resistance at $0.71. A successful break above this level could pave the way for further gains, with $0.83 being the next key target.
However, if support at $0.65 fails to hold, SAND could face further selling pressure, possibly falling to test the support levels at $0.57 and $0.52.
