Altcoins such as SPX, Inn and Sand are trending today due to significant price movements and increased attention in the market. Over the past 24 hours, SPX has surged 17%, reaching a market capitalization of $1.4 billion and securing its position as the 9th largest meme coin.
Meanwhile, ENC is up nearly 13%, with trading volume up 123% as it approaches key resistance levels that could push it into the top 50 cryptocurrencies. The sand, recovering from a 20% decline last month, has gained more than 10% in the last day, with bullish momentum potentially taking it to higher resistance levels.
SPX6900 (SPX)
SPX achieved significant growth, reaching a market capitalization of approximately $1.4 billion. US after gaining 17% in the last 24 hours, making it one of the best performing altcoins on the market. This surge positioned SPX as the 9th largest meme coin, surpassing Fartcoin and closely following Brett, the top meme coin on the base chain.
If the uptrend continues, SPX could target $1.60 and potentially $1.70 for the first time. Breaking these levels will further strengthen its position among the top meme coins and attract additional interest. However, maintaining this momentum will require consistent buying pressure.
A correction remains, given the SPX’s 71% gain over the past week. If selling pressure increases, SPX could test strong support at $0.93. Further declines could bring the price down to $0.81 or even $0.61, depending on the strength of the correction.
Injective (inf)
ENC is up nearly 13% in the last 24 hours, solidifying its position as one of the hottest altcoins at the moment. Currently ranked 55th by market capitalization, ENC is making strides towards joining the top 50 cryptocurrencies. This recent growth has been accompanied by a significant increase in trading volume, which grew by 123% over the same period, reaching $259 million.
The EMA EMA lines have shown strong bullish signals, with two golden crosses forming in recent days and another on the horizon. If the current uptrend continues, ENC could test the resistance at $26.5. A breakout of this level could pave the way for further gains, with targets at $29.4 and possibly above $30 if momentum remains strong.
However, a downtrend remains a possibility, especially given the recent sharp gains. With selling pressure increasing, ENC may test the $23.9 support level. A break below this could lead to further declines, with $19.7 being the next critical support to watch.
Sandbox (sand)
Sand has gained over 10% in the last 24 hours, regaining its position among the top 100 altcoins by market cap. After a difficult month that saw its price fall by 20%, Sand is trying to recover with renewed bullish momentum. Its market capitalization currently stands at $1.69 billion, signaling growing interest from investors.
If the positive momentum continues, the sand could rise to test the $0.71 resistance. A successful break above this level could pave the way for further gains, with $0.83 as the next key target.
However, downside risks remain if the $0.65 support does not hold. In this scenario, the sand could face additional selling pressure, potentially falling to test the $0.57 and $0.52 support levels.
