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The SPX6900 price surged 25% in the past 24 hours to trade at $0.752 as of 9:10 p.m. EST on trading volume that rose 3% to $73.5 million.
SPX6900 Price Prediction: SPX On A Sustained Bullish Rally
According to the SPX/USDT chart analysis on the 4-hour timeframe, the SPX6900 price has been on a continued rally in October, moving within a rising channel pattern.
The SPX6900 price, after hitting the $0.66 resistance, then went through a brief consolidation phase as the bulls maintained the price above the $0.51 support zone. However, the bulls seem to have won the struggle for dominance, as the price has now surpassed the resistance zone.
SPX price now trades above the 50-day Simple Moving Average (SMA), a confirmation of the bullish trend.
The Relative Strength Index (RSI) also seems to be rebounding from the 50-midline level, currently at 60, which also indicates that buyers have the upper hand.
Meanwhile, the Moving Average Convergence Divergence (MACD) blue line is crossing above the orange signal line, forming a bullish crossover. This cross further affirms the bullish sentiments.
The bulls are aiming for a sustained bullish rally, which could see the price of SPX6900 soar even further, as the bulls aim for $1.5.
SPXUSDT Chart Analysis (Source: Tradingview)
As the RSI continues to soar, the asset may soon become overvalued. This may allow the bears to prompt a correction, where $0.44 (50-day SMA) could act as the immediate support level.
As the SPX6900 price continues its upward trajectory, investors are also piling into the latest Pepe-themed presale alternative called Pepe Unchained (PEPU).
Pepe Unchained Amasses Over $18.9 Million
Pepe Unchained continues to smash milestone after milestone in its presale, with its latest fundraising round surpassing the $18.9 million mark.
The project stands out from other meme coins because it is launching on its native Layer 2 chain on top of Ethereum’s network.
The Pepe Unchained project has ambitious plans. It is primarily focused on launching a dedicated L2 blockchain known as Pepe Chain, which is dedicated to “unchaining” Pepe from its clunky, outdated Layer-1 blockchain.
Pepe is gathering his power from the beautiful glowing green computer screens.
All of the world's knowledge, culminating in the launch of his L2. pic.twitter.com/f6pVnY6cLv
— Pepe Unchained (@pepe_unchained) October 4, 2024
This initiative aims to deliver fast and secure transactions, complemented by a dedicated explorer to enhance its utility. According to the project’s white paper, its blockchain is specifically designed for meme coins and is expected to achieve speeds up to 100 times faster than Ethereum.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 116%.
99Bitcoins, a prominent crypto channel on YouTube with over 706K subscribers, says that PEPU has the potential to soar 100X after its launch.
You can buy $PEPU tokens for $0.00996 each. With a price hike coming in less than 19 hours, buy soon to get the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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