While there is a general correction in the cryptocurrency market, some altcoins are showing remarkable upward performance this week. SPX, WBT, and HYPE stood out among the biggest gainers. SPX strengthened its leading meme coin position by increasing its value by more than 100% in the last 30 days.
SPX6900 (SPX)
SPX has recently become one of the best performers among meme coins. In the last 30 days, its price has increased by approximately 102%, and it recorded a 28% increase just last week.
With a market cap of 1.34 billion Dollars and a trading volume of 138 million Dollars in the last 24 hours, SPX stands out as an important player in the meme coin ecosystem.
While technical indicators still show that the EMA lines of SPX are in an upward trend, the difference between short-term and long-term averages has started to decrease. This indicates a slight weakening in bullish momentum.
The support area at 1.22 Dollars is critical. If this level is broken, the price may pull back to 0.99 and then to 0.90 Dollars. On the other hand, if the rise continues and trading volume increases, SPX may test the 1.74 Dollar resistance and rise further.
WhiteBIT Coin (WBT)
Despite the general market weakness, WhiteBIT Coin (WBT) reached a new all-time high above $38 and became the best-performing cryptocurrency of the day.
With a 13% increase in the last 24 hours and a 23.5% increase on a weekly basis, WBT stood out with strong investor interest and resistance.
Looking ahead, if the upward trend continues and market conditions stabilize, WBT may move towards 40 and even 45 Dollar levels.
However, the closest support at 32.22 Dollars is critical; if this level is broken, the price may drop to 30.86 Dollars.
Hyperliquid (HYPE)
Hyperliquid's native token HYPE has recently been trading near all-time highs. The token, which approached $44 momentarily, is currently around $40.
With a 64% increase in the last 30 days, it is approaching the top 10 in terms of market capitalization in the crypto market, excluding stablecoins and wrapped assets. This rise is supported by Hyperliquid's strong dominance in perpetual futures; it increased its market share from 63.7% in December 2024 to 76.9%.
Technically, HYPE still has strong bullish momentum. The listing on Binance US and speculation about a potential listing on the main Binance platform also support this rise.
If the price increase continues, HYPE may soon exceed the 45 Dollar resistance. However, if the 38.2 Dollar support level is lost, the likelihood of a pullback to 32.63 Dollars increases.
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