SPX6900 [SPX] – Memecoin builds on last week’s rally
SPX6900 [SPX] surged 11.03% from its $0.90 open this week, landing it firmly in the top three performers.
The week kicked off with a sharp 6.73% dip, closing at $0.84, but bullish momentum quickly regained control.
Three consecutive green candles pushed SPX through the critical $1 psychological barrier, making its first close above that level in three months. In turn, signaling renewed buying interest.
However, the $1.22 level acted as strong resistance, triggering an 11.05% pullback. Despite this, the token is holding firm near $0.96 at press time.
Technical indicators hint at a minor consolidation phase before the next leg up, making SPX a token to watch for potential breakout plays as bulls prepare to retake control.
Other notable winners
Outside the majors, altcoin rockets stole the spotlight this week.
Pocket Network [POKT] led the charge with a staggering 369% surge, easily dominating the leaderboard. Incrypt [INC] wasn’t far behind, posting a 200.5% jump, while Fuzzybear [FUZZY] rallied 125.2%.
Weekly losers
dogwifhat [WIF] – Dog-themed meme bleeds out on liquidity sweeps
dogwifhat [WIF] suffered the sharpest weekly decline, plunging 22.27% and claiming the worst performer spot.
After closing last week near strong resistance at $1.40, WIF entered a tight consolidation between $0.96 and $0.98 for three days, building tension.
On the 29th of May, a decisive 5.09% drop broke the balance, handing momentum to the bears.
This triggered aggressive liquidity sweeps, flushing out weak hands who were primed for a rebound off consolidation.
The selling intensified, pushing WIF below the critical $0.95 support level.
At press time, the token is lingering near $0.85, signaling sustained bearish control and a potential continuation of the downtrend unless buyers step in soon.
Pudgy Penguins [PENGU] – Bears waddled in and took control
Pudgy Penguins [PENGU] posted a 21.23% weekly decline, closely trailing the worst performers.
Unlike typical capitulations, PENGU’s drop appears to lack strong conviction, trapped in a tight speculative loop since early May.
The token has been consolidating between $0.010 and $0.017, with $0.010 proving to be a robust local support level, holding firm for the third time this month.
Despite this support, volume and accumulation metrics show no signs of aggressive buying, signaling muted demand.
Unless fresh momentum or “hype” re-enters the picture, PENGU risks extending its stagnant trading range, unable to build the bullish foundation necessary for a sustained breakout.
Fartcoin [FARTCOIN] – One bad wind wiped out all monthly gains
Fartcoin [FARTCOIN] took the third spot for weekly losses, plunging 20.98% from its $1.45 open.
The week began with a modest 4.5% dip, and given FARTCOIN’s steady resilience through similar retracements this month, a quick bounce back looked likely. Understandably, making a long position tempting.
However, bulls failed to defend momentum this time. The sharp 20%+ drop marks the token’s steepest correction of the month, pushing it back to test critical early May support near $1.05.
Source: TradingView (FARTCOIN/USDT)
This breach signals growing bearish pressure and puts the onus on buyers to hold the line.
Failure to defend this level could open the door to deeper losses, while a strong bounce here would restore confidence in FARTCOIN’s floor.
Other notable losers
In the broader market, downside volatility hit hard.
Nobody Sausage [NOBODY] took the biggest hit with a sharp 46% drop, followed by Moonpig [MOONPIG] down 43.3%, and Launchcoin on Believe [LAUNCHCOIN] slipping 38.8% as momentum cooled.
Conclusion
Crypto brought chaos again this week – big gains, tough losses, and nonstop swings to keep traders guessing.
Remember: DYOR before jumping in. Stay sharp, trade smart, and ride the waves wisely!
