Today's largest price prediction for Crypto Assets by pump: WIF, SPX, and XLM popularity rebounds, Bitcoin hits a new all-time high.

With Bitcoin (BTC) hitting a historic high, the popularity of the Crypto Assets market is warming up, catalyzing a strong Rebound for meme coins like Dogwifhat (WIF) and SPX6900 (SPX), as well as the cross-border payment Token Stellar (XLM). The alts WIF, SPX, and XLM have outperformed the market with double-digit pumps over the past 24 hours, while the technical outlook indicates that there is still ample 'fuel' to support the continuation of the upward trend.

FXStreet analyst Vishal Dixit stated that Bitcoin has broken out of the descending channel pattern on the daily chart, reaching a new high of $112,040. The technical indicators relative strength index (RSI) and moving average convergence/divergence (MACD) are both above neutral levels, indicating that bullish momentum is gradually increasing.

On the other hand, Bitcoin may test the integer level of $110,000 and then break through the resistance trend line around $108,000.

(Source: Trading View)

WIF approaches the 1 USD mark

As of Thursday's press release, WIF formed a doji candlestick, indicating a possible buffering phase after a 13% surge on Wednesday, thereby forming a bullish engulfing candlestick. As shown in the figure below, the sudden surge broke through the descending channel pattern.

The breakthrough rebound target for this meme coin is the high of $1.07 on June 10, followed by the high of $1.20 on May 22.

Technical indicators show a bullish trend momentum, as the RSI is at 58, hovering above the midpoint level, while the MACD and signal line cross above the zero line.

On the other hand, the sudden shift in the WIF trend may retest the breakout trendline near $0.87.

(Source: Trading View)

SPX6900 bullish momentum continues

SPX rose more than 1% on the day, continuing the upward momentum following the breakout of the ascending triangle on the 4-hour chart mentioned earlier. On Wednesday, the meme coin surged 9.47%, reaching the 78.6% Fibonacci retracement level of $1.5639, with the retracement level positioned between the high of $1.7407 on June 11 and the low of $0.9146 on June 21.

Investors who are observing may find that if the daily closing price decisively breaks through 1.5639 USD, this will be an entry opportunity. In this case, the rebound target for the S&P 500 index could be 1.7407 USD, which is the high point from June 11.

The technical indicators on the 4-hour chart support the possibility of an upward trend, with the RSI indicator at 72, entering the overbought zone. Meanwhile, the MACD indicator shows a rising green histogram, indicating that the trend momentum is strengthening.

However, the reversal of SPX from the 78.6% Fibonacci level may retest the supply zone at $1.35.

(Source: Trading View)

XLM Triangle Breakout Indicates Trend Reversal

As of Thursday's press release, the price of XLM has risen by over 1%, marking the third consecutive bullish candle. The XLM rebound has broken through the descending triangle pattern formed by the support level at $0.22 and the resistance trend line connecting the highs of December 3 and May 10.

The breakthrough rebound has exceeded the resistance level of $0.28 reached on June 11. If the daily closing price remains above this level, the upward trend may continue to the high of $0.32 on May 11.

The technical indicators show a bullish tendency, as the MACD indicator shows the average line crossing above the zero line, and the RSI is at 69, close to the overbought area.

If XLM fails to maintain above $0.28, it may reverse to the breakout trend line at $0.25, erasing Wednesday's pump.

(Source: Trading View)