Starknet, AB, and SPX6900 Lead Cryptocurrency Gains
Starknet (STRK), AB, and SPX6900 (SPX) are among the top gainers in the cryptocurrency market over the past 24 hours. Their recent price rises show a short-term bullish trend. Starknet and SPX6900 have room to grow before hitting resistance. Meanwhile, AB faces strong resistance at its 200-day Exponential Moving Average (EMA).
Starknet Seeks Further Gains After Retest
Starknet’s price rose 7% by Wednesday, building on Tuesday’s 5% gain. This bounce follows a retest of the $0.1956 level, a key resistance in its recent trading range. Buyers hope for a daily close above $0.2467, the high from Sunday, to ease selling pressure and target $0.2777.
Technical indicators show strong buying momentum. The Relative Strength Index (RSI) is near 68, close to overbought territory. The Moving Average Convergence Divergence (MACD) remains bullish with rising green bars on the chart.
If Starknet falls below $0.1904, it could lose its breakout and test support at the 200-day EMA near $0.1643.
AB Faces Resistance at 200-Day EMA
AB climbed 18% by Wednesday, trying to stay above the 200-day EMA at $0.007896. This rise offsets a 13% drop from the past five days. If AB moves past $0.007896, it may extend gains to $0.009288, last seen on July 11.
The RSI at 66 points to renewed buying near the overbought zone. The MACD line is moving up and nearing a bullish crossover, suggesting possible further gains. Support for AB lies at the 50-day EMA at $0.006969.
SPX6900 Shows Signs of Trend Reversal
SPX6900 rose over 2% to trade above $0.0055 by Wednesday. This continues a 17% gain from the day before, hinting at a possible bullish reversal. Its immediate resistance is $0.6345, which was strong support in early November.
The RSI rose from 37, indicating new buying interest after oversold conditions. The MACD is close to crossing its signal line, which may confirm renewed upward momentum.
If SPX drops below $0.4692, it could fall further to $0.38, the low from April 9.
