Leading Altcoins on January 6: SPX, INJ, and SAND
Altcoins such as SPX and INJ sand These are today’s trends due to significant price movements and increased market attention. SPX surged 17% in the past 24 hours, reaching a market capitalization of $1.4 billion and cementing its position as the ninth-largest meme token.
Meanwhile, INJ gained nearly 13%, with trading volume surging 123%, approaching key resistance levels that could push it into the top 50 cryptocurrencies. SAND has recovered from last month’s 20% decline to gain more than 10% in the past day, with bullish momentum likely to push it toward higher resistance.
SPX6900 (SPX)
SPX It has experienced significant growth, reaching a market capitalization of approximately $1.4 billion after gaining 17% in the past 24 hours, making it one of the best-performing altcoins on the market. The surge makes SPX the ninth largest stock exchange same cornersurpassing FARTCOIN and following BRETT to become the world’s top meme token Basic chain.
If the uptrend continues, SPX could target $1.60 for the first time, and possibly $1.70. Breaking through these levels will further solidify its position among the top meme coins and attract more interest. Sustaining this momentum, however, will require sustained buying pressure.
Given that the SPX is up 71% over the past week, a correction is still possible. If selling pressure increases, the SPX may test strong support at $0.93. Further declines could push the price as low as $0.81 or even $0.61, depending on the strength of the correction.
INJ
INJ It surged nearly 13% in the past 24 hours, cementing its position as one of the most relevant altcoins right now. INJ is currently ranked 55th by market capitalization and is on its way to entering the top 50 cryptocurrencies. The recent growth has been accompanied by a significant rise in transaction volume, which increased by 123% to $259 million during the same period.
INJ The EMA line is showing a strong bullish signal, with two golden crosses forming in recent days, and another one may be on the horizon. If the current uptrend continues, INJ may test resistance at $26.5. A break above this level could pave the way for further gains, with a price target of $29.4, and possibly above $30 if momentum remains strong.
However, a downtrend is still possible, especially given the recent sharp gains. If selling pressure increases, INJ may test support at $23.9. A break below this level could lead to further losses, with $19.7 becoming the next key support level to watch.
Sandbox (SAND)
sand It has gained more than 10% in the past 24 hours and is back among the top 100 altcoins by market capitalization. After a challenging month that saw prices drop 20%, SAND is trying to recover with renewed bullish momentum. Its current market capitalization is $1.69 billion, indicating growing investor interest.
If the positive momentum continues sand A rise is likely to test the $0.71 resistance. A successful move above this level could pave the way for further gains, with the next key target being $0.83.
However, downside risks remain if support at $0.65 fails to hold. In this case, the SAND may face additional selling pressure and could drop to test the $0.57 and $0.52 support levels.
Disclaimer
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