At the time of writing, the token is trading at $1.48, up over 10% in the last 24 hours and […]
The post SPX6900 Breaks Out With 10% Surge, Eyes New All-Time High appeared first on Coindoo.
At the time of writing, the token is trading at $1.48, up over 10% in the last 24 hours and 14% over the past week, with daily trading volume exceeding $106 million.
Crypto analyst Bluntz shared an updated chart on social platform X, highlighting what he sees as a textbook accumulation breakout pattern. His Elliott Wave analysis suggests that SPX6900 may be entering a bullish wave three, often considered the strongest phase in such a formation. He noted, “ATH en route imo,” implying that a new record price could be imminent.
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The chart also shows a 107-bar consolidation range, which appears to have concluded with a sharp upward move. The RSI sits around 69, nearing overbought territory, yet momentum remains strong.
Originally created as a meme token inspired by a fake S&P 500 ticker, SPX6900 has evolved into a heavily traded speculative asset. Despite its meme roots, its recent surge reflects growing demand for narrative-driven tokens in a volatile market landscape.
Still, analysts warn that while SPX6900 is seeing rapid growth, it remains a high-risk, low-fundamentals token—typical of speculative breakouts.
The post SPX6900 Breaks Out With 10% Surge, Eyes New All-Time High appeared first on Coindoo.
Source: https://coindoo.com/market/spx6900-breaks-out-with-10-surge-eyes-new-all-time-high/
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