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The SPX6900 price has soared 26% in the last 24 hours to trade at $0.6377 as of 6:45 a.m. EST on a 126% pump in trading volume to $36 million.
SPX6900 Price Gears Up For A Breakout Above the Bearish Channel
The SPX/USDT chart on the 1-day timeframe shows a breakout from a prolonged bearish channel, indicating a potential bullish reversal. Currently, the price is trading at $0.6402, reflecting a remarkable 21.23% surge.
The day’s high reached $0.6468, while the low touched $0.5200, highlighting strong volatility.
The support zone, at $0.50 and $0.55 range, has proven to be a strong demand area where buyers have shown significant interest.
This area aligns with previous price consolidations and liquidity grabs, indicating that it holds institutional interest. The breakout above the bearish channel indicates a shift in market sentiment.
SPXUSDT Analysis Source: Tradingview
A clear rejection of lower prices at this level, combined with a substantial price increase, further strengthens the bullish case. The next key resistance level is near $1.00, representing a psychological and technical barrier.
SPX6900 Price: RSI Signals Bullish Momentum
The RSI (Relative Strength Index) is currently at 62.27, indicating bullish momentum. A reading above 60 typically suggests increasing buying pressure, and the fact that it has crossed above the 50 level further supports the bullish outlook.
Additionally, the RSI previously exhibited a bullish divergence. While the price was making lower lows, the RSI formed higher lows, a classic reversal signal often indicating weakening bearish strength and the possibility of a trend reversal. This divergence was a precursor to the current breakout.
The chart also shows previous buy-side and sell-side liquidity levels, representing areas where large orders were likely executed, making them effective for future price movements. As the price moves upward, it may target buy-side liquidity near the $1.00 resistance level.
Conversely, a failure to maintain the breakout could result in a retest of the support zone, potentially creating a liquidity grab scenario before a stronger move upward.
Solaxy Presale Closes On $28 Million
As traders anticipate a bullish rally for SPX6900, investors are rushing to buy into the presale of Solaxy (SOLX), which has raised over $27.6 million.
Solaxy is Solana’s first Layer-2 solution and is designed to tackle network congestion caused by the growing popularity of SOL-based meme coins and other tokens.
Solaxy ( $SOLX)- #Solana Layer 2 #memecoin with high staking rewards.
Raised $10M+ in presale, ongoing until March 31, 2025.
Pros:
Aligns with Solana + memecoin trend.
Public security audit.
Decent SMM performance.https://t.co/xHEqmN9z0h pic.twitter.com/XSZxybjBSg— Rayford Nelson (@RayfordN97369) March 13, 2025
To reduce congestion, Solaxy uses rollups, a scaling technology that processes and bundles transactions off-chain before sending them to Solana for final approval.
This method improves network efficiency by reducing the load on the main blockchain.
In addition to solving congestion issues, Solaxy offers user-friendly tools for developers to build and grow projects.
The platform also plans to bridge Solana and Ethereum, creating a stronger Web3 infrastructure by combining the benefits of both networks.
Popular crypto analyst and YouTuber Jacob Bury, with over 55.7K subscribers, predicts the token could see a 10X price surge after its launch.
Investors can also stake SOLX tokens and earn a huge annual return of 147%, with more than 7.6 billion tokens already staked.
Currently, SOLX is priced at $0.001672 and can be purchased using crypto or a bank card.
Buy before a price hike in less than 3 hours to secure the best deal.
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