Sonic, Four, SPX6900 surge amid market volatility

• Sonic price rose, and Four, SPX6900, led crypto gains despite market turbulence.
• Top coins rebound as equities stabilise, signalling renewed investor confidence.
• SPX6900’s meme coin momentum underscores its volatile yet captivating market presence.

The cryptocurrency market suffered massive selling over the weekend as Bitcoin dropped amid the US bombing of Iran’s nuclear sites.

But as BTC looks to bounce, the top gainers among the 100 largest coins by market cap are Sonic, Four, and SPX6900.

Despite a turbulent weekend marked by sell-offs, broader crypto declines, these tokens are leading the rebound with double-digit gains.

Sonic trades at $0.28, Four is at $2.57, and SPX at $1.07.

Crypto investors eye uptick

Crypto investors are cautiously optimistic as top cryptocurrencies stage a recovery following a weekend sell-off that saw Bitcoin dip below $100,000.

According to market data, Bitcoin rebounded from $98,286 to $102,852, while Ethereum and Solana also moved above key levels.

This bounce aligns with equities shrugging off losses, as global markets looked to stabilize despite ongoing geopolitical tensions.

However, the Fear & Greed Index, which has fallen to 37, suggests a shift from neutral sentiment towards fear.

Investors are now eyeing whether the uptick in crypto prices can sustain momentum, with altcoins like Sonic, Four, and SPX6900 fueling speculation due to their outsized gains.

Four, Sonic, SPX6900, trend among top gainers

Among the top gainers, Four (FORM) posted a modest yet steady 10% increase, reaching $2.57 with a robust 24-hour trading volume of $35.9 million.

Elsewhere, Sonic (S) traded at approximately $0.27, with the price slightly off the $0.29 seen earlier in the day.

Sonic price edged 9% surge, bolstered by a 41% rise in trading volume.

This activity suggests a bullish reversal from its $0.25 support level, with analysts predicting further upside if DEX participation grows.

SPX6900, a Solana-based meme coin, stole the spotlight with a 10x rally in the past year.

However, profit taking has it around $1.07 from its all-time peak of $1.77  after a recent 37% plunge in the past week.

Despite its declines, SPX6900’s $985 million market cap sees it rank in the top 100 and is likely to bounce.

The coin is up around 6% in the past 24 hours to trade at $1.06.

If bulls go higher, SPX could break to $2. However, a potential drop to $0.90 and lower remains if support falters.

Overall, the S, FORM, and SPX tokens’ performances underscore the dynamic interplay of technical strength and speculative fervor driving the crypto market today.

As markets navigate ongoing uncertainty, Sonic, Four, and SPX6900 exemplify the high-risk, high-reward nature of cryptocurrencies.