Top 3 altcoins performing best on CoinGecko in the second week of June

The second week of June had a rather lackluster start. However, the total market capitalization has climbed over 4% in the past 24 hours, reflecting that the growth momentum has returned as BTC hit $110,000.

With strong recovery performance, according to CoinGecko, SPX6900 (SPX), Internet Computer (ICP), and Quant (QNT) have emerged as the top-growing altcoins and may be worth watching this week.

SPX6900 (SPX)

Meme coin SPX is one of the altcoins that has seen a strong price increase on CoinGecko today, climbing over 11% and trading at its highest level in four months at 1.38.

The indicators from the one-day SPX/USD chart show that this token has traded above the upward trend line since mid-May, highlighting continuous buying pressure, even in the context of a general market pullback.

SPX Price Analysis | Source: TradingViewAn upward trend line is forming as the token consistently sets higher lows. This pattern signals bullish sentiment, indicating that SPX buyers continue to participate at higher levels.

However, if profit-taking begins, SPX may reverse its recent uptrend and drop to the support level of $1.21. If it cannot maintain this floor price, the value of SPX may decrease further to $1.11.

Internet Computer (ICP)

ICP increased by 11% today and is currently trading at its highest level in the past 26 days around $6.12.

In the past 24 hours, its trading volume has surged by 154% to 194 million USD, with sufficient demand supporting the growth.

This trend indicates that the actual market participation supports the price increase of ICP, rather than from speculative trading activities or sudden spikes with low liquidity. If this continues, the token price could exceed $6.12 and rise to $6.46.

ICP Price Analysis | Source: TradingViewOn the other hand, if traders start taking profits, this altcoin could drop to $5.49.

FARTCOIN

Memecoin based on Solana – FARTCOIN, is one of the top growing altcoins on CoinGecko today. This token is trading at $1.21, recording a price increase of over 18% in the last 24 hours.

On the daily chart, the positive Balance of Power indicator (BoP) reflects the increasing demand for altcoin. As of the time of writing, the indicator is at 0.44.

The BoP indicator measures the strength of buyers against sellers in the market, helping to identify changes in momentum. When its value is at a positive level, buyers are dominating the market compared to sellers and driving new upward momentum.

If this continues, the price of FARTCOIN could exceed $1.16.

FARTCOIN Price Analysis | Source: TradingViewConversely, if profit-taking continues, the value of this memecoin could drop to $0.94.

Vincent