Altcoins Like SPX, ICP, and AB Start the Week Strong
The crypto market started the week well. Coins like SPX6900 (SPX), Internet Computer (ICP), and AB are going up. SPX had a strong weekend and is now rising for the fourth week in a row. ICP also went up and may start a new uptrend. AB rose because Binance announced a trading contest.
Bitcoin also helped the market. After falling last week, it went back above $105,000 on Saturday. This gave a boost to altcoins.
Trade talks between the US and China are happening again in London. The first meeting in May had paused tariffs for 90 days. A recent call between leaders helped relations, but tensions are still high, especially after US military warnings about China.
SPX rose about 8% on Saturday and 7.95% on Sunday. It is now at $1.25, but faces resistance at $1.28. If it moves higher, it could reach $1.55. If not, it might fall back to $1.00 or $0.92. The RSI shows the price move may be slowing.
ICP is up 12% over the weekend. If it goes above $6.13, it may rise to $7.22. The MACD shows a buy signal, which supports this idea.
Impact: If Bitcoin stays strong and trade talks go well, altcoins might go higher. If tensions rise again, prices could fall.