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Best Crypto Gainers Today, June 12 – SPX, KAIA, AB

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Highlights:

  • SPX surged 9% and now ranks among the best crypto gainers today after steady growth since March.
  • KAIA broke above $0.12 with rising volume, hinting at a shift after long-term accumulation.
  • AB gained 37% this week, fueled by new exchange listings and growing trader interest.

The overall crypto market is showing a bearish mood as the total crypto market cap dropped by $60 billion in the past 24 hours, as US CPI accelerated to 2.4% YoY. Although this was less than what the market had anticipated, 2.5%, it affected digital assets negatively, leading to a loss of confidence in the market.

Currently, the market cap remains at $3.37 trillion, having been unable to break above the $3.46 trillion resistance. Should the drop persist, the figure may slip down to the $3.30 trillion level. However, amidst this decline, several tokens, such as SPX6900, Kaia, and AB, have shown resilience and emerged as the best crypto gainers today.

Best Crypto Gainers Today

1. SPX6900 (SPX)

SPX6900 has emerged as the best crypto gainer today by surging by 9% in the past 24 hours. Currently, SPX’s price stands at $1.68 with a market cap and trading volume of $1.59 billion and $115 million, respectively. In addition, the memecoin has surged by 50% and 120% on the weekly and monthly charts, respectively.

Source: CoinMarketCap

This week, SPX has gained 40%, which placed it among the top five memecoins. It surpassed BONK after a sharp, consistent increase which started in March. As other memecoins slightly rebounded after reaching a low in April, SPX was the one observing steady growth.

Its approach to retaking January highs is an indication of increasing buyers. SPX also maintained a smooth upward trend, unlike the previous leaders, which experienced severe fluctuations. This trend is an indicator of consistent purchasing power, perhaps by smaller retail participants. The memecoin surge also signifies a change of momentum in the sector recently.

2. KAIA

Following this extended consolidation, Kaia’s price today has rallied, recording a massive breakout over $0.12 to trade at around $0.163. The price movement follows a bullish structure change observed on intraday and daily charts, taking the asset to the levels last visited in March.

Crypto Gainers
Source: CoinMarketCap

KAIA has indicated tendencies of consolidated build-up following an extended period of decline. The lower support trendline acted again as a bounce zone on the price. The chart shows a wide descending channel forming since mid-2022. However, each low has registered above the previous one, indicating accumulating strength. Currently, the price is trading at around 0.1600, experiencing a considerable volume surge.

The trend may change in case of a breakout above the range resistance of $0.32. Failure to go above $0.12, however, could test the lower boundary again at around $0.10. The newer move is also indicative of buyers coming in, though a confirmation on larger timeframes is required to gather further momentum.

3. AB

AB has shown a remarkable rally recently, having surged by 35% and 60% on the weekly and monthly charts, respectively. Currently, the price sits around $0.01163 with a surge of 1.60% over the past 24 hours. Its trading volume stands at $213 million.

Crypto Gainers
Source: CoinMarketCap

AB has consolidated well after cleaning its downtrend line. In the last seven days, it has surged by 37 percent to $0.011. The subsequent key price level is at 0.014. Should AB break that level, then momentum could take it to $0.017 in the coming days.

Listings on Bitget, XT Exchange, and Gate Alpha have raised the visibility of the coin. The platforms will also enhance the trading volume. Moreover, demand may further drive the price levels with increased access and interest. However, all eyes remain on the $0.014 barrier to confirm a continuation of the current move.

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