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The SPX6900 price plummeted 12% in the last 24 hours to trade at $1.47 as of 7:27 a.m. EST as investors take profits after a sharp run up.
Despite the recent drop, the SPX price is still up over 10% on the weekly time frame and an incredible 8,043% over the past year.
SPX6900 Price Nearing The Lower Boundary Of A Positive Channel
Daily chart for SPX/USD (Source: GeckoTerminal)
The SPX6900 price is approaching the lower boundary of a medium-term ascending price channel, according to data from GeckoTerminal. This level is confluent with the closest support at $1.4691. As a result, falling below this mark could lead to a continued plunge for SPX. Traders might subsequently push the crypto’s price down to the next support at $1.1104.
That bearish thesis might be invalidated if the SPX6900 price is able to remain above the $1.4691 support for the next 48 hours. In this alternative scenario, the altcoin could continue to trade within the bullish price channel and potentially end up challenging the $1.7829 resistance.
SPX6900 Price Drop Might Only Be Starting
From a technical point of view, indicators on the daily chart warn the SPX6900 price might continue to drop in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show sellers are still growing stronger against buyers.
A major bearish technical flag is on the verge of being triggered by the MACD, as the MACD line collapses towards the MACD Signal line. If the prior falls below the latter, it could be seen as a confirmation that the SPX6900 price has entered a bearish trend.
Meanwhile, RSI readings have dropped over the past couple of days as well. This is usually seen as an indication that buyers are losing strength.
Although the latest reading above 50 suggests buyers could still take back control, the downward slope of the RSI line warns that the window of opportunity is closing rapidly.
While bears maintain control of the SPX6900 price, investors are piling into the presale for a new meme coin rival called TOKEN6900 (T6900). Crypto analyst and YouTuber Jacob Crypto Bury, who has over 56.9K subscribers, says T6900 could soar 10X after its launch.
TOKEN6900: Taking The Meme Coin Market Back To Its Roots
Meme coins were initially known for their lighthearted nature and inherent lack of utility. More recently, there has been a push by industry leaders to launch projects with more utility. However, new cryptoTOKEN6900 is taking the meme coin market back to its roots.
$T6900 is my guy. my buddy. pic.twitter.com/KIpx101bwt
— Token6900 (@Token_6900) July 15, 2025
The project has made it abundantly clear that it has no utility. It does not claim to have the next big tech innovation and has not made another breakthrough in AI. TOKEN6900 also does not track GDP, corporate earnings or oil prices.
Instead, the token is a pure meme coin play that does not rely on fundamentals, but rather what the team have termed, “vibe liquidity.”
With its branding inspired by a touch of 2000s nostalgia, the token aims to become a tradable ticker for the collective brain rot in the market and build a following of loyal crypto degens.
What sets the project apart from other meme coins is its high levels of transparency. Not only has the team made it clear from the get-go that TOKEN6900 has no utility, they have also allocated 80% of the token’s supply to the project’s presale.
There are also no back door VC deals, and the team’s tiny 0.0007% allocation is locked up for 5 years.
TOKEN6900 Presale Races Toward $1 Million
Investors aren’t bothered by TOKEN6900’s complete lack of utility and have already backed it to the tune of $533K in presale.
Interested investors can acquire T6900 via the simple widget embedded on the project’s website. Selling for $0.006575, TOKEN6900 can be bought with both crypto and bank card.
Tokens can also be put to work through the project’s presale staking pool, which currently offers a generous 105% annual return.
Investors that want to get in at this early stage of the project will want to hurry because T6900’s presale has a hard cap of $5 million and a hardcoded end price of $0.007125.
With the crypto’s price set to climb as the presale progresses, investors stand the risk of missing out. The next presale price hike is less than 20 hours away.
Visit the official TOKEN6900 website.
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