3 CoinGecko top gainers to watch in the second week of June

The second week of June started without much excitement for the broad crypto market. The total market capital only slightly increased by 0.12% in the past 24 hours, reflecting a continued slow growth trend.

Despite the overall weak market performance, some tokens are moving against the trend. According to CoinGecko, SPX6900 (SPX), Internet Computer (ICP), and Quant (QNT) have emerged as top-performing tokens and may be notable this week.

SPX6900 (SPX)

Meme coin SPX is one of CoinGecko's top-performing tokens today, increasing by 8%. This altcoin is trading at its four-month high of $1.25 at the time of writing.

The SPX/USD daily chart shows the token has been trading along an upward trend since mid-May, emphasizing the market's sustained buying momentum, even as the overall market experiences adjustments.

An upward trend forms when a token consistently creates higher dips over time. This pattern signals an optimistic sentiment, indicating that SPX buyers continue to participate at increasingly higher price levels.

If this continues, they may push the price to $1.35.

However, if profit-taking begins, SPX could lose its recent gains and drop to the support level of $1.21. If this floor price cannot be maintained, SPX's value could fall further to $1.11.

Internet Computer (ICP)

ICP increased by 11% today and is currently trading at its 26-day high of $5.94. Its trading volume increased by 154% to $165 million in the past 24 hours, indicating sufficient demand to support this price surge.

This trend suggests that genuine market participation, rather than speculative trading or low liquidation-driven price increases, is supporting ICP's price rise. If this continues, the token's price could exceed $6.12 and rise to $6.46.

Conversely, if profit-taking begins, the altcoin's value could drop to $5.49.

FARTCOIN

Solana-based meme coin FARTCOIN is one of CoinGecko's top-performing tokens today. It is trading at $1.07, recording a 9% price increase in the past 24 hours.

On the daily chart, its positive Balance of Power (BoP) index reflects growing demand for this altcoin. At the time of writing, this index is 0.44.

The BoP index measures the strength of buyers versus sellers in the market, helping to determine momentum shifts. When its value is positive, buyers are dominating the market compared to sellers and driving new price increases.

If this continues, FARTCOIN's price could rise to $1.16.

Conversely, if profit-taking continues, the meme coin's value could drop to $0.94.