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The SPX6900 price has pumped 5% in the last 24 hours to trade at $0.4938 as of 7 a.m. EST on a 192% pump in trading volume to $76 million.
The surge in the SPX price comes even as the FTSE 100 stock index slumped to its lowest level in a year amid anxiety over US President Donald Trump’s trade tariffs on most of the rest of the world.
The VIX index, which measures market volatility and investor fear, surged to around 60, a level not seen since last August as a market rout deepened with Trump showing no willingness to compromise.
SPX6900 Price Consolidates For Bullish Rally
The SPX6900/USDT daily chart shows a potential bullish reversal is underway. Currently, the price is trading at $0.4938, with a high of $0.4992 and a low of $0.3842. This significant upward move comes after a prolonged downtrend and could signal a shift in market sentiment.
Initially, the chart shows a consolidation zone between approximately $0.10 and $0.40, where price moved sideways, indicating indecision or accumulation by market participants.
However, the asset entered a bearish channel, trending downward from around $2.00 to a low of approximately $0.35. This phase was marked by lower highs and lower lows, suggesting consistent selling pressure and profit-taking.
Moreover, the price action respected a support zone near the $0.35–$0.40 range, which was previously established during the consolidation phase. This zone has now been tested multiple times, holding firm and signaling strong demand.
SPXUSDT Analysis Source: Tradingview
Notably, the chart shows a breakout above the bearish channel, supported by a green arrow indicating a possible bullish trend reversal. This breakout, combined with the structural “Break of Structure” (BOS) noted on the chart, confirms that the downtrend might be losing steam.
SPX6900 Price Signals Potential Bullish Reversal
The next significant target is the $0.89–$1.00 region, which coincides with previous price action and buy-side liquidity areas. In the longer term, $2.00 is a major resistance level if bullish momentum continues.
The Relative Strength Index (RSI) is currently at 48.88, just below the 50-neutral mark. This suggests momentum is shifting toward the bulls but has not fully confirmed strength yet. A decisive push above 50 could add confidence to the reversal narrative.
SPX6900 appears to be transitioning from a bearish trend to a possible bullish phase. The support zone around $0.35–$0.40 is holding well, and the recent breakout above the channel hints at renewed buying interest.
While the RSI is still neutral, the overall structure favors a move toward $0.89–$1.00 in the short term and possibly $2.00 in the medium term, provided the breakout holds.
Solaxy Presale Heads For $30M – Best Crypto To Buy Now?
Even as the SPX6900 price gains momentum, investors are pumping more more money into Solaxy (SOLX), a Solana layer 2 project that’s surged past $29.3 million in presale.
Solaxy is getting a lot of attention for its mission to solve Solana’s network congestion problems and boost its scalability.
Built to enhance the already fast Solana blockchain, which sometimes struggles with outages during high traffic, Solaxy uses roll-up technology like Ethereum’s Layer-2 solutions Arbitrum and Optimism.
Crypto analyst and YouTuber Jacob Bury, who has over 55k subscribers, predicts a potential 10x surge in SOLX once it launches.
Solaxy processes transactions off-chain and bundles them before settling on Solana’s mainnet. This helps ease network congestion, lower transaction fees, and boost performance.
This smart solution has caught the attention of many investors, fueling strong momentum in its presale. The SOLX token is backed by an ambitious roadmap that includes connecting Solana with Ethereum for a smooth cross-chain Web3 experience.
Recent technical improvements, like a new sequencer for faster confirmations and more efficient rollups, highlight the project’s rapid development and growing potential.
Curiosity isn't always a good thing…
But $SOLX gets it right.
Speed ✅
Security ✅
Innovation ✅https://t.co/mdaTX9aVVx pic.twitter.com/DGmKQL3vud— SOLAXY (@SOLAXYTOKEN) April 6, 2025
In addition, Solaxy also offers a staking program with a standout 139% annual return, giving early adopters an incentive to hold long-term.
SOLX is currently available for $0.001686 per token and can be purchased using ETH, USDT, BNB, or a bank card.
Interested investors should buy before a price hike in less than 3 hours.
Visit the Solaxy website for more details.
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