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The SPX6900 price has plunged 17% in the past 24 hours to trade at $1.38 as of 3:51 a.m. EST on trading volume that rose 32% to $148 million.
This drop in the SPX price comes as the price of oil and gold has soared, and stock markets have fallen, after Israel’s strike against targets in Iran.
Oil rose 5.5% to $73.12 a barrel, on course for the most significant daily rise since 2022. Gold also rose 1.5% to $3,434 an ounce, close to the record high of $3,500 in April.
SPX6900 Price Trading Within Support – Could Still Soar
The SPX price on the 3-day chart has recently formed a rounded bottom pattern, a long-term bullish reversal signal that typically forms after a prolonged downtrend or accumulation phase.
That pattern is visible in the SPX6900 price action from early 2024 into mid-2025, where SPX gradually transitioned from a base around $0.03, steadily curved upwards, and eventually broke out above the neckline resistance near $1.15–$1.38, according to GeckoTerminal data.
This breakout was accompanied by a surge in momentum, taking the SPX price to a recent high near $1.74 before pulling back to around $1.38.
The pattern suggests a shift in market sentiment from bearish to bullish, with increasing buying pressure over time leading to the breakout.
The 50 Simple Moving Average (SMA) sits at $0.7378, and the 200 SMA is at $0.3273. The strong price positioning above both SMAs confirms bullish momentum.
Meanwhile, the Relative Strength Index (RSI) stands at 67.73, approaching overbought conditions, which suggests strong momentum.
Moreover, the Moving Average Convergence Divergence (MACD) line (0.2007) remains above the signal line (0.1167) with a rising histogram, indicating positive momentum.
However, the pace of acceleration appears to be slowing slightly, which could be an early signal of a cooling-off period or a potential consolidation phase.
SPX Price Prediction
The rounded bottom breakout suggests a medium-to-long-term bullish trajectory for the SPX price.
The breakout above $1.15 and retest of the $1.37 area implies a healthy structural shift toward accumulation and markup phases. As long as the price of SPX6900 holds above the $1.11–$1.37 zone, the uptrend remains intact.
In the short term, a retracement toward $1.11 or $0.90 would offer high-probability reentry zones. Should bulls regain momentum, the next target lies near the psychological $2.00 level, with potential to go higher based on historical extension patterns.
Meanwhile, opportunistic investors are redirecting their funds to a new ICO called Snorter Token (SNORT). According to 99Bitcoins, a popular YouTube channel with over 723K subscribers, SNORT could soar 10X on launch.
Snorter Token Presale Closing On The $1 Million Milestone – Best Crypto To Buy Now?
Snorter, a new Solana-based meme trading bot powered by Telegram, has made a notable entrance into the cryptocurrency scene. In just a few days of its presale going live, the project has raised over $925K.
The project blends lightning-fast swaps and low fees with a meme coin twist. Thus, it brings a fresh take to a space often dominated by complexity.
Unlike browser-based tools, Snorter runs directly within Telegram, enabling users to perform sub-second swaps, automate sniping, and track portfolios in real-time.
The bot is entering a space where most users currently favor Trojan and BonkBot, two bots that have gained prominence on the Solana blockchain for their affordable fees and secure transactions.
Eyes glued to the charts.
Veins pumping espresso.
Manifesting green candles. pic.twitter.com/5CdiJrSIYx— Snorter (@SnorterToken) June 11, 2025
Snorter Bot also beats the competition in terms of fees. By simply holding the SNORT token, traders reduce their execution fees from 1.5% to 0.85%, undercutting other Telegram crypto trading bots.
In addition to its trading features, staking rewards currently sit at 328%, which decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0951. Tokens can be bought with SOL, ETH, BNB, or bank card, and staked directly on the official site.
Interested investors will want to buy before the next presale price hike in approximately 2 days.
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