Join Our Telegram channel to stay up to date on breaking news coverage
The SPX6900 price surged 6,289% in the last month and 15% in the past 24 hours to trade at $0.5516 as of 03:26 a.m. EST on trading volume that rose 12% to $65 million.
SPX6900 Price Could Continue Soaring
The SPX6900 price has been on a sustained bullish rally in October after the bulls picked up momentum around the $0.01 support, which resulted in the price soaring through a parabolic curve, according to data from GeckoTerminal.
The SPX price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the strong bullish stance to the upside.
The Relative Strength Index (RSI) is at 76.73, which is above the overbought threshold of 70. This suggests the asset is in overbought territory, meaning it might be overextended and due for a pullback or consolidation. However, in strong bullish trends, overbought conditions can persist for some time, so it’s not an immediate sell signal, but caution is advised.
The MACD line (blue) is at 0.0083, while the signal line (orange) is at 0.0755, forming a bullish crossover. While the MACD is still positive, the narrowing gap between the MACD and the signal line could indicate a slowing momentum or potential bearish crossover if this trend continues.
The histogram has also been reducing, signaling a potential weakening in bullish momentum.
SPX6900 Price Prediction
The SPX/USD chart analysis on the 4-hour chart shows that the price of SPX6900 is currently on a bullish rally.
The price is currently at $0.5516. The next significant psychological resistance level might be around $0.6000, as round numbers often serve as natural targets or resistance points without apparent historical resistance.
However, since the RSI is above 76, there’s an increased chance of a pullback or consolidation. The price could potentially consolidate between $0.50 and $0.55 before breaking higher, or we might see a retracement back to previous support levels, possibly around $0.40-$0.45.
Meanwhile, investors are also buying the new Memebet Casino (MEMEBET Token) presale, which has already amassed over $391K.
Cryptonews, a prominent crypto channel on YouTube with over 11K subscribers, says that $MEMEBET Token could soar 100X after its launch.
MEMEBET Token – Next Crypto To Explode?
Memebet Casino is the only web and Telegram casino where you can wager with meme coins.
Catering for the degen community, the MEMEBET Token team aims to create an exceptional user experience by offering diverse casino games, a sportsbook, and high-stakes options within a community-focused environment.
Users can place bets using meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and others.
Buy and wager with $MEMEBET Token to earn massive P2E airdrops, special degen rewards, and exclusive VIP benefits.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
Players who place bets using $MEMEBET Token can earn additional tokens in return. The more a user wagers with MEMEBET Token, the larger their share of the rewards as a result of the play-to-earn component of the platform.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0257 using USDT, ETH, or a bank card. With a price hike coming in less than 2 days, buy quickly to lock in the best deal.
Related News
- Best Crypto Giveaways for Investors – Win Free Prizes
- How To Earn Free Cryptocurrency – 10+ Best Ways
- HBO Documentary Claims Peter Todd Is Bitcoin Creator Satoshi Nakamoto, But He Denies It
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
