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The SPX6900 price soared 10% in the last 24 hours to trade at $0.7321 as of 4:51 a.m. EST on trading volume that plunged 20% to $21.1 million.
SPX6900 Price Breakout Imminent, Poised For A Bullish Trend Continuation
The SPX price chart on a 3-day timeframe shows a market that has undergone significant volatility.
The SPX6900 price action formed a clear macro range between the all-time high of approximately $1.79 and a low near $0.03, according to GeckoTerminal data.
More recently, the price of SPX has rebounded from the local bottom near $0.20 and is currently trading around $0.7321.
SPX is currently hovering around the 0.618 Fibonacci retracement level ($0.7029), often regarded as a key support area.
After a substantial correction from the local high around $1.79, the price of SPX appears to be consolidating in the upper-middle portion of its range, attempting to form a potential base for a further upward move.
Meanwhile, the 50 Simple Moving Average (SMA) (currently at $0.7244) has recently been reclaimed, and the SPX6900 price is now slightly above it, which is also a bullish signal. Additionally, the 200 SMA is still below the price of SPX6900, reflecting the longer-term uptrend.
The Relative Strength Index (RSI) is currently at 56.78 as well, which is within neutral territory but leaning toward bullish.
Moreover, the Moving Average Convergence Divergence (MACD) shows signs of a bullish crossover, with the blue MACD line crossing above the orange signal line.
SPX Is Bullish
With the SPX price climbing back above the 0.618 Fibonacci level and the alignment of bullish signals from the MACD and RSI, the asset appears poised for a potential continuation to the upside.
The immediate resistance lies at the 0.5 Fibonacci level around $0.9108. A successful breakout above this level could lead to a rise toward $1.11 (0.382 Fib) and possibly the $1.37 mark.
Conversely, a failure to hold the 0.618 Fib support could send the SPX6900 price back to test lower supports, first at the 50 SMA ($0.724) and then toward $0.4070 (0.786 Fib level).
Meanwhile, investors are flocking to the presale for a new Solana project called Solaxy (SOLX), which has just announced that its blockbuster, $38.1 million presale will end in 27 days.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Charging Toward $39 Million – Buy Before The Presale Ends In 27 Days
Solaxy is emerging at a critical moment for the Solana ecosystem. While Solana has become the preferred network for meme coins and DeFi projects, thanks to its low fees and lightning-fast speeds, it has shown cracks under heavy demand.
During recent meme coin surges, the network faced severe congestion and delays, raising fresh concerns about its scalability and resilience.
Solaxy addresses some of the biggest challenges the Solana blockchain faces, including congestion, transaction fairness, and scalability.
The project aims to significantly enhance Solana’s transaction speed, efficiency, and overall performance by optimizing Solana’s infrastructure. This makes it a promising addition to the growing ecosystem of layer-2 solutions across various blockchains.
It's perfectly okay to think about $SOLX at night…
We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6
— SOLAXY (@SOLAXYTOKEN) April 22, 2025
Solaxy’s system improves efficiency by processing transactions off of Solana’s main chain, bundling them together, and submitting them to the main net for final verification.
Solaxy has successfully raised a substantial $38.1 million in early-stage funding, which signals strong investor confidence in the project’s future.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.00173 each using BNB, ETH, USDT, or a bank card.
Solaxy also offers holders who stake SOLX a huge annual yield of 105%.
Interested investors will want to buy SOLX before the presale ends in 27 days.
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