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The SPX6900 Price has jumped 8% in the last 24 hours to trade at $0.7046 as of 7:05 a.m. EST on an 80% pump in trading volume to $45 million.
The surge in the SPX price price follows Binance Futures’ announcement of four new USD-margined perpetual contracts set to launch today, 10 December. The new pairs include RAYUSDT, KOMAUSDT, VIRTUALUSDT, and SPXUSDT (SPX6900), all offering up to 75x leverage.
#Binance Futures will launch the USDⓈ-Margined $RAYSOL, $KOMA, $VIRTUAL, and $SPX Perpetual Contracts at
🗓️ December 10 2024, 12:00, 12:15, 12:30 and 12:45 respectively.
Read more ➡️ https://t.co/lAGZsn3ytQ pic.twitter.com/0Ci10oB5OO
— Binance Futures (@BinanceFutures) December 10, 2024
These contracts are designed to accommodate both aggressive and conservative trading strategies. They have a funding rate of +2.00% / -2.00%, and settlements occur every four hours. This expansion aims to provide traders with more options and flexibility on the Binance Futures platform.
SPX6900 Price Rebounds On a Strong Support
The C trading pair on the 15-minute timeframe, shows a clear bullish momentum following a parabolic recovery from a strong support level around $0.6000. The current price stands at $0.6986, reflecting a 1.43% increase, and is approaching a key resistance zone near $0.7000.
The 50-period moving average (MA) at $0.6320 was recently crossed, and the SPX6900 price is now trading above the 200-period MA at $0.6651. This indicates a shift in trend to the upside, supported by strong buying interest.
SPXUSD Analysis Source: Dextools.io
The parabolic curve suggests a sharp recovery from the support, hinting at the potential for a continued rally if the price breaks above $0.7000. The MACD indicator aligns with this bullish sentiment, as the MACD line is above the signal line, and positive histogram bars are forming.
However, the RSI is currently at 64.82, which is near the overbought zone. While this indicates strong buying pressure, it also warns of a possible retracement if buyers begin to take profits.
If the SPX6900 price successfully breaches the $0.7000 resistance, it could trigger a rally toward $0.7300 or higher. On the other hand, rejection at this level might result in a pullback toward the 200-MA at $0.6651 or even the 50-MA at $0.6320.
Bulls may consider entering above $0.7000, targeting $0.7300 or $0.7500, while bears could watch for signs of rejection or waning momentum to target $0.6650 or $0.6300. This setup remains cautiously optimistic but requires close attention to resistance and RSI levels.
Flockerz Presale Surges Towards $6 Million – The Best Meme Coin To Buy Now?
Meanwhile, investors are rushing to buy more Flockerz (FLOCK), a Vote-to-Earn (V2E) meme coin that’s raised more than $5.5 million in presale.
This bullish momentum has caught the attention of an analyst on the 99Bitcoins YouTube channel, with over 711k subscribers, who says that $FLOCK may be the next 100x meme coin after it launches.
Flockerz is all about building a strong, loyal community where members can earn rewards and stay involved for the long term, especially in governance.
To bring this about, the so-called ”People’s Meme Coin” has launched a V2E model in which investors will be rewarded with FLOCK tokens just for voting on proposals and helping shape the project’s key decisions. This is a great way to keep everyone engaged and invested in the project’s future.
💙 The Flock Can’t Stop! 💙
We just blew by 4.5M and the party is going to keep on going over here in Flocktopia!
Feeling a little FOMO? Get in on the presale here: https://t.co/oUsAHZxgAT pic.twitter.com/DidEoRMDc3
— Flockerz (@FlockerzToken) December 5, 2024
But that’s not all. Flockerz is also offering a staking system that offers a massive 477% annual return. This means you can earn rewards by voting, staking those rewards, and watch your holdings grow over time.
Right now, FLOCK tokens are priced at just $0.0063247, and you can buy them using ETH, USDT, BNB, or even a bank card.
The price is going up in a little more than 2 days, so if you’re interested, now’s the time to act.
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