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The SPX6900 price has pumped 51% in the last 24 hours to trade at $1.48 as of 9:15 p.m. EST on a 269% increase in trading volume to $113 million.
This price surge has made SPX the top gainer among the biggest cryptos by market cap, according to CoinGecko.
SPX6900 Price Rebounds In A Sharp Spike
The SPX/USD pair shows a price evolution through different phases of market activity. Initially, the price was stuck in a prolonged consolidation phase from July to September, trading within a narrow range with low volatility. This period reflected market indecision and accumulation of orders.
Toward late September, the price broke out decisively, forming a strong parabolic curve. This breakout accompanied increasing momentum, pushing the price above the $1.00 psychological level. The rally culminated in a sharp uptrend that took the price close to $1.60.
Following this initial rally, the price formed a classic rounded bottom pattern between October and November. This pattern, representing a gradual transition from selling to buying, established a critical support zone near $0.90. A breakout occurred once the rounded bottom was completed, propelling the price into a new uptrend that retested and exceeded earlier highs.
SPXUSD Analysis Source: Dextools.io
The 50-day moving average (SMA), shown as the blue line, has a clear upward slope, signifying a healthy underlying uptrend. This SMA is also dynamic support, closely aligned with the rounded bottom’s base at $0.90.
SPX6900 Price Key Support Levels Hold Firm
The MACD indicator remains positive, although the histogram indicates some loss of bullish momentum during the retracement phase. Encouragingly, the MACD line is still above the signal line, indicating bullish momentum could resume if buyers step in.
The RSI currently reads 62.25, comfortably in bullish territory but well below the overbought threshold of 70. This indicates that the SPX6900 price can climb higher before any correction is expected. Key levels to watch are $1.00, which is the immediate horizontal support, and $0.90, which aligns with the 50-day moving average and serves as the next major support zone.
On the upside, $1.60 is the key resistance level that must be cleared for the bullish trend to extend further. If the $1.00 support holds, a rebound could push the price back toward the $1.60 resistance and potentially higher.
Conversely, a break below $1.00 might trigger further downside toward the $0.90 level, where buyers will likely regroup.
New AI Agent Crypto Presale Blasts Past $2 Million – Next Crypto To Explode?
The bullish trend for the SPX6900 price remains intact, and investors are also pumping cash into Mind of Pepe (MIND), a new token that combines an AI agent with the branding of meme coin titan Pepe. It has surged past $2.1 million in fundraising in just a few days since it launched earlier this week.
At the core of the Mind of Pepe project is an advanced AI agent designed to operate autonomously and continuously improve itself. This self-evolving technology scours platforms like crypto Twitter to identify emerging trends and opportunities before they become mainstream.
#blockchain Cryptocurrencies by @blockchainers AI Meets Meme Coins: MIND of Pepe Revolutionises Crypto Innovation https://t.co/upqNPEgK4k MIND of Pepe ($MIND) redefines the crypt on Wednesday, January 15, 2025 #blockchain #crypto #cryptocurrency #news #opinion #jobs #video
— Blockchain News (@blockchainers) January 15, 2025
Using its blockchain wallet and decentralized applications (dApps), the AI agent can execute market-moving strategies, launch exclusive tokens, and provide early access to high-potential projects.
Holders of the $MIND token gain exclusive access to this cutting-edge intelligence, which offers early insights for delivering significant returns. Access to these insights is token-gated, ensuring only $MIND holders benefit from the information.
Additionally, $MIND token holders can stake their assets and earn an impressive annual yield of 945%, further boosting its appeal to investors.
An analyst from 99Bitcoins, a popular crypto channel on YouTube with over 721k subscribers, says the crypto has the potential to soar 20X on launch.
Priced at $0.0031509, $MIND tokens can be purchased with ETH, USDT, BNB, or a bank card. Interested investors should buy before a price hike in a little more than 1 day.
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