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The SPX6900 price surged 17% in the last 24 hours, trading at $0.9965 as of 3:33 a.m. EST, on trading volume that skyrocketed 145% to $45 million.
This increase in the SPX price has put the crypto at the number 1 spot of CoinMarketCap’s list of top gainers.
SPX6900 Price Still Bullish, Hints At A 36% Surge
The SPX price shows a strong bullish trend, breaking out from a period of consolidation. The SPX6900 has formed a rising channel pattern, while it nears the $1 mark.
A recent bullish breakout has propelled the price of SPX6900 above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating a shift in market sentiment toward the upside.
The SPX6900 price has also reclaimed the key 0.5 Fibonacci retracement level at $0.9108, suggesting momentum could carry it toward higher Fib levels, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) is currently at 70.02, hovering at the edge of the overbought territory. This suggests intense buying pressure but also raises caution for a potential short-term pullback.
However, the Moving Average Convergence Divergence (MACD) line remains above the signal line with a widening gap, reinforcing bullish momentum.
SPX6900 price appears poised to test the 0.382 Fibonacci level at $1.1186. A breakout above this could target the $1.3758 mark, representing a 36.41% upside from the current level.
On the downside, the overbought RSI indicates the possibility of a minor retracement. In such a scenario, the SPX6900 price could drop back to the 0.618 Fib level at the $0.70 support.
Meanwhile, investors are flocking to the presale for the new Solana layer-2 project Solaxy (SOLX). The project has already generated over $41.5 million in presale, making it one of the largest token sales of the year.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Racing Towards The $45 Million Mark – Buy Now Before Time Runs Out!
With over $1.5 million raised in just the past three days, Solaxy has now brought its total presale funding to $41.5 million, a significant milestone as it enters its final 19-day countdown.
Solana is fast and cheap, handling thousands of transactions every second. However, when too many people use it simultaneously, the network can slow down or stop functioning. To help with this, the Solaxy team built a special layer-2 system.
The project aims to address those issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
It's perfectly okay to think about $SOLX at night…
We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6
— SOLAXY (@SOLAXYTOKEN) April 22, 2025
Solaxy’s system enhances efficiency by processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification.
The team recently launched their testnet and its blockchain explorer, a tool that lays the groundwork for tracking transactions across Solaxy’s layer-2 before they are bundled and committed to Solana’s mainnet.
The team has also rolled out the Solaxy bridge on the testnet. As a result, Solaxy buyers can see how they will be able to bridge their ETH or SOL tokens to the Solaxy layer-2 network.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001738 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a huge 97% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the presale will end in about 19 days.
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