SPX6900 Explodes 10% Higher After Breakout Retest, Eyes $1.30 Next

SPX6900 Price Jumps 10% in 24 Hours, Volume Surges Over 100%

Hang onto your hats, folks! SPX6900 (SPX) just rocketed up 10% in the last 24 hours, now trading at a sizzling $0.97. The trading volume? It's gone wild, surging over 100%! This epic surge kicked off after a crucial breakout retest yesterday. Remember that breakout on May 22? That's when the price smashed through the old resistance at $0.89, hitting a high of $0.93 on that very day.

SPX Breaks Above $0.97 Resistance After Consolidation

After that breakout, SPX chilled out for a few days, consolidating its gains. But today? Whoa! The price blasted through the $0.97 local resistance like it was nothing. That resistance was the upper boundary of the consolidation range. It even peaked at $1 before pulling back to the current $0.97 price point.

Bullish Momentum Confirmed by Technical Indicators

The short-term trend? It's screaming bullish, no doubt about it. The price is strutting above both the EMA 20 and SMA 50, and there's been a bullish crossover between these moving averages holding strong since mid-April. The RSI? It's at 68, flirting with the 70 level, hinting at a possible short-term breather, but make no mistake, it's still in bullish territory.

Next Target: $1.30, With $1.50 in Sight

So, what's next for SPX? Buckle up because it's gunning for $1.30 next. That's a major resistance zone where the price got smacked down repeatedly in January during some wild swings. If SPX can clear $1.30, watch out! The path opens wide to $1.50—a psychological level and the closing high of both January peaks, marking a serious resistance zone.

SPX6900: A Satirical Memecoin with Big Moves

Launched in mid-August 2023, SPX6900 is a memecoin that's all about laughs, mainly operating on the Ethereum blockchain. Its name and branding? They're a cheeky parody of traditional financial instruments like the S&P 500. Back in January, when the memecoin market was on fire, SPX's market cap briefly soared past $1.5 billion. But, as with most memecoins, it's cooled off a bit since then, now sitting at a cool $900 million.