{"id":629024,"date":"2025-02-21T13:03:40","date_gmt":"2025-02-21T13:03:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=629024"},"modified":"2025-02-21T13:03:40","modified_gmt":"2025-02-21T13:03:40","slug":"spx6900-price-prediction-spx-surges-9-but-investors-rush-to-buy-this-ico-offering-diversified-meme-coin-funds","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/spx6900-price-prediction-spx-surges-9-but-investors-rush-to-buy-this-ico-offering-diversified-meme-coin-funds","title":{"rendered":"SPX6900 Price Prediction: SPX Surges 9% But Investors Rush To Buy This ICO Offering Diversified Meme Coin Funds"},"content":{"rendered":"

The SPX6900 price soared over 9% in the last 24 hours to trade at $0.7771 as of 6:08 a.m. EST as investors start accumulating the altcoin.<\/span><\/p>\n

Despite the 24-hour gain, the SPX price still has some work to do to erase its negative weekly performance. Currently, the crypto is in the red by more than 3% on the 7-day time frame.<\/span><\/p>\n

SPX6900 Price Trying To Overcome A Major Resistance<\/span><\/h2>\n

\"SPX<\/p>\n

4-hour chart for SPX\/USD (Source: <\/span>GeckoTerminal<\/span>)<\/span><\/p>\n

The <\/span>SPX6900<\/span><\/a> price is challenging a major resistance level at $0.7643, which it has been trading below since Feb. 16, according to <\/span>GeckoTerminal data<\/span><\/a>. Should the crypto establish a position above this technical barrier, it could have the foundation needed to continue rising and potentially soar to as high as $0.9862 in the short term.<\/span><\/p>\n

On the other hand, a rejection from the $0.7643 resistance due to a sudden selloff or change in trend might lead to a drop to the $0.5365. In an extremely bearish scenario, the SPX6900 price could even fall to as low as $0.3326.<\/span><\/p>\n

Technicals Suggest The SPX6900 Price Might Keep Climbing<\/span><\/h2>\n

Looking at technical indicators on the crypto’s 4-hour chart, there are signs that suggest the <\/span>SPX6900<\/span><\/a> price might keep climbing in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show that bulls are still in control.<\/span><\/p>\n

In the last few hours, the MACD line has started to break away above the MACD Signal line following a period of stagnation. This growing gap between the two technical indicators suggests SPX is in a positive trend and its bullish momentum is picking up steam.<\/span><\/p>\n

Meanwhile, RSI readings have spiked as well, which could be an indication of growing buyer strength. With the current reading at 67 below the overbought 70 mark, there seems to still be room for the SPX6900 price to climb before traders might start to look to take profit. However, the positive slope of the RSI line suggests buyers intend on driving the SPX6900 price higher.<\/span><\/p>\n

As SPX tries to clear technical resistance, the presale for <\/span>Meme Index (MEMEX)<\/span><\/a> continues to attract investors to the first crypto product offering diversified meme coin investing.<\/span><\/p>\n

In a recent video, popular crypto analyst and YouTuber Jacob Bury, who has over 54.9K subscribers, predicted that MEMEX could be the next 10X crypto.<\/span><\/p>\n