Weekly price prediction 11/7: XLM, IP, SPX6900, BONK, PENGU

Bitcoin, Ethereum, and XRP rallied with nearly double-digit gains this week. Meme coins and altcoins from other categories also kicked off a price rally alongside Bitcoin. Stellar, Story, SPX6900, Bonk, and Pudgy Penguins posted gains between 40% and 50% for holders in the last seven days. These altcoins could continue climbing higher if BTC extends gains next week.

Stellar 

The total value of assets locked on Stellar (XLM) $113 million as of July 11. The blockchain is gaining relevance and utility among market participants, with consistent TVL growth over the past month.

Stellar rallied 22% on Friday and is up 52% in the last seven days, according to TradingView data. On-chain metrics paint a bullish picture, and the rally could extend in the coming weeks.

XLM is currently 12% away from a key resistance at $0.4188, the 50% Fibonacci retracement of the decline from the 2024 peak of $0.6374 to the April low of $0.2001. The next resistance is at $0.4704.

If there is a correction, XLM could collect liquidity at $0.30 and $0.25, as seen in the XLM/USDT daily price chart.

Story

Story (IP) known for its verifiable IPs, announced a partnership with Worldcoin to add World ID to Story’s IP database. At a time when artificial intelligence threatens user-generated voice, content, and art, the partnership will allow users to license their art.

IP faces resistance at $4.90 on its path to the $5.30 target. IP is currently trading at $4.53; a 7.8% rally could push the token to $4.90, while a nearly 17% move could re-test $5.30. Two key momentum indicators, RSI and MACD, support further gains.

SPX6900

The social dominance of SPX6900 increased this week. A rise in SPX6900’s mentions across social media platforms is indicative of higher engagement, utility and likely demand among market participants. 

SPX6900 (SPX) could extend gains by nearly 15% and test resistance at $1.6045, the 23.6% Fibonacci retracement of the drop from its January 2025 peak of $1.9934 to the March 2025 low of $0.3454. 

RSI and MACD support further upside in SPX, but traders should monitor these indicators closely for reversal signs if Bitcoin corrects.

Bonk

Meme coin launchpad Bonk.fun drove significant user activity and volume to Bonk (BONK). The meme token yielded 40% gains for holders in the past seven days. 

On Friday, BONK was trading less than 25% below key resistance at $0.00002890. RSI and MACD support continued gains. BONK could collect liquidity at $0.00001920 in the event of a correction.

Pudgy Penguins

Pudgy Penguins (PENGU), an NFT token, witnessed massive gains after Coinbase adopted an NFT as its profile picture, acting as a catalyst for price action.

PENGU is up 20% on the day and 37% over the past week, according to TradingView. The NFT token is nearly 30% away from its key resistance at $0.030, a psychologically important level, with the next resistance at $0.038. RSI and MACD support the thesis for further gains. Key supports on the daily timeframe are $0.020 and $0.015.