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The SPX6900 price plunged 25% in the last week and 5% in the past 24 hours to trade at $0.4597 as of 12:26 a.m. EST on trading volume that surged 13% to $33.7 million.
SPX6900 Price Analysis: Potential Wave 5 Breakout In Elliott Wave Structure
The SPX price appears to be forming a five-wave Elliott Wave pattern, with the price currently at a critical Wave 4 retracement. If the pattern continues to unfold as expected, a significant Wave 5 rally could be on the horizon.
The 50-day Simple Moving Average (SMA) at $0.8769 and the 200-day SMA at $0.6228 are key resistance levels that need to be reclaimed for a confirmed uptrend, data from GeckoTerminal shows.
Moreover, the Relative Strength Index (RSI) is at 36.52, suggesting that the SPX6900 price is approaching oversold conditions. This level has historically acted as a support zone for price reversals, increasing the probability of an upcoming bullish move.
Given the Elliott Wave structure, the price of SPX is potentially on the verge of Wave 5, which could result in a strong price rally.
Based on past wave extensions, a target above $1.60 – $1.80 is a possibility if bullish momentum returns.
Daily chart for SPX/USD (Source: TradingView)
However, if the price of SPX6900 fails to hold above its current levels, further downside could retest support near $0.40 – $0.42 before a potential reversal.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to become the best AI agent crypto of 2025.
MIND Of Pepe Presale Surpasses The $7 Million Mark
Combining the iconic Pepe with autonomous AI agents, MIND of Pepe’s presale has attracted a rapid influx of investors, raising over $7.07 million.
MIND of Pepe stands out from other AI crypto projects due to its self-sustaining AI agent. Unlike traditional AI-driven trading bots, this AI agent is designed to deploy its own tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
MIND’s AI agent continually scans the market, analyses trends on X, and interacts directly with blockchain apps. It identifies high-potential trends before they are widely recognized and passes the intelligence to token holders to give them an edge over the market.
Renew. $MIND pic.twitter.com/4Z1gQlSVvI
— MIND of Pepe (@MINDofPepe) March 5, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 320% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0034539 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Check out the MIND of Pepe website.
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