Top 3 Price Predictions: XLM, BONK, and $SPX Eyes Further Gains
The global crypto market cap rose by 0.91% over the past 24 hours, reaching $3.36 trillion. Memecoins such as Bonk and SPX continued their upward momentum from last week, while Stellar (XLM) joined the top performers with a 6% weekly gain. The rally in Stellar comes amid growing speculation about a potential integration of PayPal’s PYUSD stablecoin on the Stellar network. Here’s the price analysis for all the three cryptocurrencies.
1. Stellar (XLM)
XLM is up 3.5% as of Monday, continuing its upward move toward a key resistance trendline drawn from the December 3 and May 10 highs. Paired with a solid support zone at $0.2190—highlighted by the green band in the chart below—this forms a descending triangle pattern.
A decisive daily close above the trendline, near the psychological $0.2600 level, could trigger a breakout rally toward the June high of $0.2851.
The MACD indicator shows strengthening bullish momentum, with growing green histogram bars above the zero line. However, some investors may wait for the MACD and signal lines to cross above the zero line for a more confirmed trend reversal.
The RSI has climbed to 52, moving above the midpoint—a subtle but early indication of building bullish momentum.
2. Bonk (BONK)
Bonk is up 9% as of Monday, marking its sixth straight bullish daily candle. After last week's 46% rally and breakout from a falling wedge pattern, BONK continues its upward momentum, eyeing May’s peak price levels.
The intraday move has reclaimed the 78.6% Fibonacci retracement level at $0.00002218, measured from the April 7 low of $0.00000886 to the May 12 high of $0.00002581. A strong daily close above $0.00002218 could pave the way for a retest of $0.00002581—the origin of the wedge breakout.
Technical indicators support the bullish trend. The MACD has flipped positive, with both the MACD and signal line crossing above zero, and the growing green histogram bars signaling strengthening momentum. Meanwhile, the RSI has hit 74, entering overbought territory, highlighting strong buying pressure but also raising caution over potential profit-taking.
3. SPX6900 (SPX)
SPX6900 surged 10.77% to $1.34 in the past 24 hours, fueled by Elon Musk’s July 7 announcement of the crypto-friendly “America Party,” which reignited retail interest. The price stabilized above the 61.8% Fibonacci retracement level at $1.23, forming a solid base for the rebound after holding key support between $1.08 and $1.17—triggering a short-term bullish reversal.
The rally was backed by a sharp 126% spike in 24-hour trading volume, jumping from $60 million to $135 million, signaling renewed interest in high-beta meme assets. SPX also reclaimed the 50-day EMA at $1.21 after bouncing off the $1.08 support. The RSI14 climbed from 47.91 (on July 1) to 55.46, moving out of oversold territory and indicating strengthening momentum. The next resistance zone lies at $1.4607, with a potential upside target of $1.80.
