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The SPX6900 price skyrocketed 67% in the last 24 hours to trade at $0.3663 as of 3.15 a.m. EST on trading volume that soared 157% to $41.17 million.
The token’s price, which hit a new all-time high of $0.4235 only a few hours ago, has surged 215% in the past week.
However, it did not break the resistance at $0.40 for long, which ended up pushing the SPX6900 price to $0.36.
SPX6900 Price Prediction
As mentioned, SPX has seen a strong price surge in the last week, which turned into a sharp rally over the past 24 hours, causing the token to hit a new all-time high, but also to see a rejection from a resistance at $0.40.
However, technical indicators suggest that SPX6900 might not be done with trying to breach the resistance and that it will soon retest it.
The token’s Bollinger bands have seen a very slight narrowing and while the price did drop from where it was, stuck to the upper band and pushing it further up, it found its footing halfway between the two bands, which is a solid response to a rejection.
Then, there is the project’s Relative Strength Index (RSI) — a metric that shows whether traders are buying or selling. The RSI saw a massive increase recently, venturing deeply into the overbought zone and reaching the value of 81.06 around the time when the price was rejected.
This was also when traders started massively selling as they rushed in to take profit, causing the RSI to dip to the neutral zone at 51.95. However, it immediately started climbing back up, suggesting that traders have moved in to buy the dip early, not allowing the token to become oversold.
This suggests that the optimism surrounding SPX is strong and that traders are unwilling to miss out on its next surge, which suggests that the token will likely return to the price of $0.40, and try to breach it once again. Of course, a sharp change in a wider sentiment could disrupt this, so caution is highly advised, but at the same time, there is definitely an opportunity to push SPX beyond the resistance at $0.40.
Promising Alternative To SPX6900
While SPX might breach its resistance and potentially head higher, there is just as big of a chance that its price will be rejected again. Traders seeking alternatives might thus consider an interesting new presale called Memebet Casino (MEMEBET Token).
MEMEBET Token is a new cryptocurrency belonging to Memebet Casino, the first platform of its kind to allow meme coins to be used for wagering, granting the emerging sector a valuable new utility.
The platform has its web form, but it is also available on Telegram, which has been a popular place for users to interact with crypto-related games.
The project offers access to thousands of them, and it lets players use their meme coins for transactions. This unique feature allowed its own meme coin, which is currently in presale, to raise over $381k so far, while selling MEMEBET tokens for only $0.0257 apiece.
The project also announced plans for an airdrop recently, which will distribute $10,000 in prizes.
Anyone interested in buying the token can use ETH, USDT, BNB, MATIC, or their credit/debit cards.
ClayBro, a crypto YouTuber who has over 130k subscribers, says that MEMEBET Token could surge 130x after launch.
If you are interested, buy before a price in less than 4 days.
Visit the official MEMEBET Token website here.
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