The three prominent cryptocurrencies this week are Fartcoin (FARTCOIN), SPX6900 (SPX), and Ethena (ENA) with impressive performances. FARTCOIN, a new rising star in the meme coin space, has increased 67% in the past seven days, reaching a new high and becoming the 5th largest meme coin on Solana.
SPX also reached a new all-time high with a market capitalization of $1.22 Billion, up 63% this week despite a slight decrease in Trading Volume. Meanwhile, Ethena (ENA) increased 37% after announcing its 2025 roadmap.
Fartcoin (FARTCOIN)
FARTCOIN, launched first on Pump.fun, now has a market capitalization of $1.4 Billion and has increased 67% in the past seven days. This Bit has continuously reached new highs in the past few weeks, consolidating its position as the 5th largest meme coin on Solana.
FARTCOIN's EMA lines are still trending upwards, indicating the potential for continued growth. If the trend continues, FARTCOIN may test the resistance level of $1.61 and if broken, the price could rise to $1.7 or even $1.8.
If the support at $1.299 fails to hold, a strong correction could occur, pushing the price down to $0.92 and below $1.
SPX6900 (SPX)
SPX has reached a new all-time high with a market capitalization of $1.22 Billion, entering the top 100 largest cryptocurrencies. This Bit has increased 63% in the past seven days, showing strong performance despite a 27% decrease in Trading Volume in the past 24 hours.
If the uptrend continues, SPX may move up to the resistance level of $1.4 and potentially reach $1.5 for the first time. However, if the trend reverses, SPX may test the strong support at $0.93.
A breakdown below this level could lead to further decline, pushing the price down to $0.819 or even $0.615.
Ethena (ENA)
Ethena, a platform built on Ethereum that builds a synthetic USD, has emerged as one of the best-performing cryptocurrencies this week, with a 37% increase in the past seven days.
The announcement of its 2025 roadmap, including a Telegram payment application and plans for TradFi integration, has generated significant investor interest.
With a market capitalization of $3.77 Billion, ENA is currently only 19% away from its previous all-time high. If the uptrend continues, ENA may break above the resistance level of $1.32 and move closer to the $1.5 all-time high.
However, if the momentum weakens, ENA may test the support at $1.12, and if this level is not maintained, the price could decline to $1.01.
