• SPX6900 is currently trading at $0.98.
  • SPX has posted a 14% weekly gain.

The recovery attempts of the crypto market have resulted in a brief spike of 0.43%, with the market cap holding at around $3.26 trillion. Can the bulls maintain their strength and reclaim recent highs? 

Among the altcoins, Flare and Monero secure the top spots on the 24-hour gainers list. Meanwhile, SPX6900 (SPX) has registered a gain of over 4.32%. In the early hours, the asset likely traded at its daily low of $0.9221. Later, SPX6900 has climbed to a high of around $1.08 as the bulls took command of the asset.  

At press time, SPX traded within the $0.9859 range, with its daily trading volume having spiked by over 5.60%, reaching $47.07 million, as per CMC data . 

SPX6900 has recorded a surge of over 14% in the last seven days. The asset opened the week trading at its weekly low at the $0.82 level. A bullish wave has triggered a positive price movement, reaching the high range of $1.20.

Will SPX6900 Hold the Line or Slip Deeper?

The brief downtrend of SPX6900 on the price graph looms after an uptrend. The red candles blew off the green candles, entering the bearish zone. The active bears might send the price to the $0.9815 zone. Further downside correction could invite the death cross and push it to the $0.97 range.

Assuming the arrival of bulls, the price chart turns green, reflecting the positive sentiment. The asset could likely mount to the immediate $0.9860 resistance . An extended gain might send the SPX6900 price toward a level of around $0.9875 or even higher, triggering the golden cross.

SPX6900 (SPX) Hits a Wall, Is a Breakout Above $1 in Sight? image 0 SPX chart (Source: TradingView )

The MACD line of SPX is resting below the signal line, indicating a bearish momentum with the potential of further downside correction. Besides, the CMF value stationed at 0.05 suggests that the money is flowing into the asset, with moderate buying pressure in the market. 

Moreover, SPX’s RSI is found at 48.18, which implies neutral momentum — neither overbought nor oversold, with the potential to move in either direction. The BBP reading of 0.0179 signals a slight bullish momentum within the market. 

The SPX6900 trading window exhibits the entry into a bearish phase. Notably, the SPX6900 (SPX) Price Prediction 2025, 2026-2030 gives a more detailed analysis of its price trajectory.

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