![\"SPX6900](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/04\/SPXUSDT_2025-04-07_14-20-02.png\")
<\/p>\nThe 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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SPXUSDT Analysis Source: Tradingview<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
Even as the SPX6900 price gains momentum, investors are pumping more more money into Solaxy (SOLX)<\/a>, a Solana layer 2 project that’s surged past $29.3 million in presale.<\/p>\n Solaxy is getting a lot of attention for its mission to solve Solana’s network congestion problems and boost its scalability.<\/p>\n 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.<\/p>\n Crypto analyst and YouTuber Jacob Bury, who has over 55k subscribers, predicts a potential 10x surge in SOLX once it launches.<\/p>\n