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The SPX6900 price soared 10% in the last 24 hours, trading at $1.04 as of 3:51 a.m. EST, following a 9% surge in its daily trading volume to $41 million.
SPX6900 Price Breaks Out With Bullish Momentum
The 1-day SPXUSD chart shows price action from late 2024 to June 2, 2025. The chart also shows a rounded bottom pattern forming since mid-March 2025, with the price breaking out above the 50-day Simple Moving Average (SMA) at $0.681 and now testing a key resistance-turned-support at $1.00.
The Relative Strength Index (RSI) is sitting at 65.00, which is getting close to overbought territory (above 70). That is a heads-up that the SPX price might be a bit too hyped right now, and a pullback could be on the horizon if buyers start taking profits.
SPXUSDT Analysis Source: Tradingview
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is bullish, with the MACD line above the signal line, indicating that momentum remains strong. The histogram is also positive, which is a green flag for more upside in the short term.
SPX6900 Price Overbought Signals Loom
The rounded bottom pattern suggests a potential move marking a breakout above the 50-day SMA. SPX could be eyeing that upper target at $1.8032. Factoring in the 10% surge and this momentum, SPX might end up testing the all-time high of $1.8032 within the next few weeks. That’s a 66% jump from the current $1.0385 level.
If the RSI reaches overbought levels and profit-taking takes hold, there might be a dip back to the 50-day SMA at $0.6816 for support before the next leg up.
Looking at the volume, it’s been steady, but not spiking, which means this rally isn’t over-fueled yet. If volume picks up on the next push, it’ll confirm the bulls are still in control.
For now, the SPX price is looking strong, but keep an eye on that RSI and the $1.8032 level. If it smashes through, SPX might hit $2 soon.
Solaxy Presale Zooms Past $43.1M – Only 14 Days Left
As the SPX6900 price gears up for another bullish rally, more investors continue to flock to a Solana token called Solaxy (SOLX), a new layer-2 project that’s already raised over $43.1 million in a presale that’s set to end soon.
This layer-2 solution aims to solve Solana’s congestion issues by handling transactions off-chain, bundling them together, and then settling them on Solana’s mainnet. It functions in a similar way to how Arbitrum and Optimism enhance scalability for Ethereum.
Do you know the $SOLX whitepaper inside and out? 🛸🪐
Refresh your memory here 👇https://t.co/arr34146aR pic.twitter.com/UeOB408WUk
— SOLAXY (@SOLAXYTOKEN) May 31, 2025
Solaxy is focused on cutting congestion, lowering transaction fees, and keeping operations smooth, even during high-volume trading surges.
The project is also making every effort to bridge with Ethereum, giving users access to Ethereum’s vast liquidity while maintaining Solana’s fast and efficient performance. This dual-chain approach could be a major asset for developers in DeFi, gaming, and NFTs, offering both scalability and reach.
The team is moving quickly, having already launched a testnet, a blockchain explorer, and the Igniter Protocol, a no-code token creation platform that enables instant trading on Solaxy’s upcoming DEX.
An analyst on the crypto YouTube channel 99Bitcoins, with over 723K subscribers, predicts SOLX could skyrocket 100X after launch.
The SOLX token is the heart of this ecosystem, powering transactions, governance, and staking. Early investors are also taking advantage of the staking rewards, currently offering a jaw-dropping 94% annual percentage yield (APY).
Currently, SOLX tokens are priced at $0.001742 each in presale and can be bought with crypto or a credit card. Those interested in joining shouldn’t wait too long because the presale ends in a little over 14 days.
Check out Solaxy’s website to learn more.
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