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The SPX6900 price soared 11% in the last 24 hours to trade at $1.17 as of 5:15 a.m. EST on trading volume that rose 3% to $74.5 million.
This rise in the SPX price comes ahead of the next Federal Reserve (FED) interest rate decision on Wednesday, June 18, 2025, after which Jerome Powell, Fed Chair, will hold a press conference at 6:30 pm UTC to discuss the decision and provide insights into the Fed’s economic outlook.
SPX Price On A Strong Bullish Recovery
The SPX price chart on the 3-day timeframe reveals a strong bullish recovery and trend continuation following a prolonged period of consolidation.
After bottoming near the 0.786 Fibonacci level at approximately $0.4070, the SPX price began forming higher lows and broke above multiple resistance levels.
The recent breakout above the $0.91 level (the 0.5 Fibonacci retracement) and continuation above the 0.382 Fibonacci level ($1.1186) signify bullish momentum accelerating toward the upper Fibonacci zones, as GeckoTerminal data shows.
Currently, the price of SPX6900 is trading at approximately $1.1796 and respecting an ascending channel.
The move has cleanly pierced above the 50 Simple Moving Average (SMA), which sits at $0.7186 and was previously acting as dynamic resistance.
The 200 SMA at $0.3068 remains well below the current price of SPX, indicating that the long-term bullish structure remains intact.
Moreover, the Relative Strength Index (RSI) is currently at 72.21, clearly in overbought territory. While this shows strong bullish momentum, it also signals a potential pullback.
Meanwhile, the Moving Average Convergence Divergence also supports the bullish sentiment, with the MACD line (0.1249) well above the signal line (0.0577). The green bars on the histogram are also increasing, confirming the strength of the uptrend.
SPX Price Prediction
SPX price appears poised to challenge the next major Fibonacci resistance at $1.3758 (0.236 level).
If the SPX6900 price maintains its trajectory within the rising channel and the RSI does not break down sharply, this level is likely to be tested in the near term. A break above that could open the path to retesting the previous high at $1.7915.
However, due to RSI being in overbought territory, a minor pullback to the $0.85 zone is plausible before further upside.
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 Racing Towards The $500k Milestone – Next Big Crypto?
Snorter token is an innovative meme coin project launched on the Solana blockchain that’s quickly gaining traction.
Within just two days of launch, its presale surpassed $250,000 and has now raised over $415K in a week, signaling strong early interest from the crypto community.
Snorter is an aardvark-themed, Telegram-based crypto trading bot that combines meme coin appeal with robust trading features.
This Solana-native Telegram trading bot aims to enhance meme coin trading by providing speed and efficiency.
Snorter is the quickest and cheapest bot on Solana, turning your Telegram feed into a weaponized trading terminal.
GM. Crypto bull run inbound. What we trading today? pic.twitter.com/NRjDwVAJJN
— Snorter (@SnorterToken) June 2, 2025
It has the fastest execution and lowest fees of any bot on Solana, and makes sniping a cinch. It also comes with cutting-edge MEV protection, which gives it a competitive advantage when compared to other solutions like Trojan and BonkBot.
One of Snorter’s many competitive advantages is its own fee structure, which offers token holders a discount, reducing trading fees from 1.5% to 0.85%. This makes Snorter cheaper than BonkBot, Maestro, Trojan, Banana Gun, SOL Trading Bot, and the rest. In addition to its trading features, staking rewards currently sit at 777%, which decreases as more investors join the ICO.
The presale is now live, and the token is selling at $0.0941. Tokens can be bought with SOL, ETH, BNB, or a bank card, and staked directly on the official site. Interested investors will want to buy before the next presale price hike in about 22 hours.
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