Is It Too Late To Buy SPX? SPX6900 Price Skyrockets 17% And This Might Be The Next Crypto To Explode

The SPX6900 price surged 17% in the last 24 hours to trade at $1.22 as of 4:45 a.m. EST on trading volume that soared 88% to $164.02 million.

Despite the 17% price surge in the last day, the SPX price is still down 14% on the weekly chart, due to a bearish wave that struck the industry late last week. With Bitcoin going down, most other cryptos followed. However, the new week brought a recovery, which is why the SPX price soared in the last two days, and particularly in the last 24 hours.

SPX6900 Price Prediction

Before the weekend, the SPX price was attempting to break a resistance level at $1.4, even briefly achieving this on June 19. However, as the bearish wave arrived, most cryptocurrencies saw their prices decline, starting last Thursday. The price dip continued throughout the weekend, and SPX dropped to $1, one of its strongest support levels, which was able to prevent it from seeing further losses.

The new week brought a recovery that allowed the token to soar, and it quickly bounced back up to $1.31 at its highest point. Right now, it is seeing a slight correction which could take it down to a support at $1.2, before the price continues to grow. The sharp price movement has ensured that the project’s Bollinger Bands remain wide, which is generally taken as a bullish signal by many traders.

SPX/USDT chart analysis (Source: TradingView)

In terms of the Relative Strength Index (RSI) value, the SPX price has experienced strong and consistent fluctuations, indicating continuous activity among traders. The metric spent most of Sunday and Monday fluctuating between 40 and 60, only to then go up to the overbought zone on Monday afternoon.

From there, the value fluctuated between 70 and 50, indicating that traders were taking profits and then buying the dip, with numerous smaller fluctuations along the way. However, the last six hours have initiated a strong correction, which has brought the RSI from 70 down to 40, prompting traders to move again and buy the dip. Now, it remains to be seen whether they would push the price back up and continue the recovery, or if the price might stabilize in the coming hours.

Promising Alternative To SPX6900

While SPX tries to keep its rally going, investors are also buying Bitcoin Hyper (HYPER) — a new Bitcoin meme coin that aims to scale the Bitcoin network. Currently in presale, Bitcoin Hyper introduces layer-2 technology to Bitcoin’s ecosystem, aiming to unlock the network’s true power and potential.

That has attracted a lot of attention, as the project aims to bring greater scalability and speed to Bitcoin, which are two things that the network has been lacking since its inception. Furthermore, HYPER could also enable dApps, other meme coins, faster and cheaper payments, and more.

The industry has been abuzz with speculation since the project emerged, and while some are more skeptical than others, the fact that investors have already poured over $1.56 million into this ICO indicates that it has captured the interest of the community.

Experts believe that the project could see a significant price increase once its token goes live, partly due to Bitcoin’s branding and partly due to its tremendous potential. Experts from 99Bitcoins, a YouTube channel with over 723k subscribers, speculated that HYPER could be the next 10x crypto, in which case, buying it early could pay off for those who join its presale.

If you wish to join those who already invested in the early days, buy HYPER now, while its price is still only $0.012. Don’t wait too long, because the next presale price hike will happen in around 6 hours.

Visit the Bitcoin Hyper website.

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