SPX6900 Soars 21%: Can the Meme Coin Hold Its Bullish Momentum?

SPX6900 (SPX) surged 21% in the last 24 hours, showing signs of a strong comeback after a recent dip. The 4-hour chart reveals the token has now moved above the 20-period EMA ($1.1454), trading around $1.2711, an early sign that bullish momentum is building.

After bouncing from the $0.90 level, SPX formed a sharp V-shaped recovery. The 20 EMA has flipped upward for the first time since the previous downtrend, hinting that bulls may be back in control.

What to Watch:

• Resistance ahead: SPX is approaching a key zone between $1.38–$1.40, with higher resistance near $1.55 and $1.75.
• Support levels: If the rally cools off, support lies at $1.15 (EMA), with deeper pullback potential toward $1.02.
• Volume spike: The recent price surge is backed by increased trading volume and interest from whales, as well as improving sentiment in SPX derivatives.

Although RSI and MACD data aren’t shown, traders should stay alert for signs of overbought conditions. A sustained close above $1.27 could open the door to further upside, while failure to break above $1.40 may trigger a short-term pullback.

Final Thoughts:

SPX6900 is gaining attention once again, leading the memecoin recovery. Whether this is a true breakout or a temporary spike remains to be seen but in the short term, the bulls appear to have the upper hand.