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Best Crypto Gainers Today, May 22 – SPX, FARTCOIN, WIF

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Highlights:

  • SPX6900, Fartcoin, and WIF lead the best crypto gainers today with strong price surges.
  • SPX jumped 26% in 24 hours, backed by bullish indicators and rising demand.
  • Fartcoin and WIF extended rallies with intact support zones and renewed momentum signals.

The crypto market is full of energy as Bitcoin broke through $110,000 and continued to climb towards $112,000. Ethereum too rose 5%, following a wave of optimism across the cryptocurrency market. This major rally was fueled by the advancing legislation, growing institutional interest and uncertainty around geopolitics.

Amidst this robust bullish momentum, let’s take a look at the best crypto gainers today, such as SPX6900, Fartcoin, and dogwhifhat.

Best Crypto Gainers Today

1. SPX6900 (SPX)

The price of the SPX6900 token has risen in recent weeks, climbing from $0.2417 on March 11 to $0.90, its highest point since February 2. SPX has emerged as the best crypto gainer today after recording a surge of 26% in the past 24 hours. Additionally, the token has surged by 30% and 100% on the weekly and monthly charts, respectively. 

Source: CoinMarketCap

Despite a few market corrections, the price of SPX is rising, which shows that the market is headed up. The price movements in the token include impulse waves and typical corrections.

Source: TradingView

Technical indicators on the daily chart display a bullish outlook as the coin continues its uptrend. The RSI is trending in the oversold region, which points to an imminent market correction should the market momentum shift. Moreover, the MACD line has made a crossover, indicating an increased buying pressure. 

2. Fartcoin

Fartcoin, a major Solana meme coin, has made a strong recovery in recent months, making it one of the best market performers. Earlier this year, it was trading at just $0.2010, currently hovering around $1.52 at the time of this writing. With a market cap and trading volume of $1.53 billion and $360 million, the memecoin has recorded a surge of 45% over the past month. 

Source: CoinMarketCap

FARTCOIN is trading with bullish strength as it forms an ascending wedge on the chart. According to Professor Moriarty, a crypto analyst, a firm rise above the present resistance level might see the price go even higher. The first target price is $2.16, a big increase over where it is currently at $1.53.

As long as the momentum persists, FARTCOIN could break past the previous all-time high of $2.73. The support trendline is still holding steady, having been verified and tested many times recently.

3. Dogwhifat (WIF)

Since February, WIF has risen to prominence among memecoins, increasing by over 400% during that period. After a brief decline in May, WIF broke above its previous level last week and has risen by double digits in the past 24 hours. Currently trading around $1.15, it has a market capitalization and trading volume of $1.13 billion and $1.06 billion, respectively. 

Source: CoinMarketCap

WIF now appears to be gaining speed following a strong five-wave rise that began at the bottom. An extended WXYXZ corrective move followed, with prices stabilizing near the macro Point of Control. This level has reliably supported the market, which suggests the correction phase could be over.

The latest chart movements suggest that an impulse wave is underway. The analyst is watching for the 1-2 pattern that might trigger Wave 3. If the market follows the same structure, it may form the next upward move. Currently, the retracement is being interpreted as a possible part of a larger trend.

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