The SPX6900 price surged 270% in the past week and 22% in the last 24 hours to trade at $0.2309 as of 4.50 a.m. EST on trading volume that skyrocketed 53% to $20.5 million.
The SPX price started climbing around September 27, when AscendEX announced that it it would list SPX6900 and pair it against USDT.
Soon after, a number of other platforms said the same, with listing announcements coming from BitMart , and Cryptonary on October 3.
SPX6900 Price Prediction
Despite its recent success, the project seemingly hit a strong resistance at $0.24, which rejected its price and stopped it from progressing further. In fact, technical indicators suggest that SPX might see a correction moving forward.
Fortunately, with the rest of the market shifting from bearish to bullish, the correction could be mild, and SPX could see its price bounce back up without losing too much of its progress.
Its technical indicators such as Bollinger bands have shown that there is conflict between the bulls and the bears, however. The bands have seen a slight narrowing in the past few hours, although they still remain fairly wide. The price, which previously pushed the upper band, is now moving back toward the middle ground between the two bands, however, which is a slightly bearish signal.
The project also saw its Relative Strength Index (RSI) value once again start dropping. Over the past several days, the RSI value fluctuated between the neutral zone at 50 and the overbought zone at 70. Whenever it came close to 70, traders started selling to take profit, while its drop to 50 or slightly lower caused the bulls to return and buy the dip.
Now, the RSI is once again dropping from the value of 70, which could lead to a strong price drop moving forward.
Promising Alternative To SPX6900
While SPX has been a very rewarding cryptocurrency to hold over this past week, its performance suggests that the project has reached its limit for the time being.
That suggests investors could consider alternatives like Memebet Casino (MEMEBET Token) , which YouTube channel 99Bitcoins, with over 706k subscribers, says could soar 30x after launch.
Memebet Casino is a new cryptocurrency that mixes meme coins with betting. It is also a native token of a new web and Telegram online crypto casino that was specifically made for the meme coin market.
It differs from others by being the first and only casino that allows you to wager using meme coins. That made it stand out immediately, and it’s attracted over 1,000 buyers in about three weeks.
Not only does it provide a utility for the entire meme coin market, but it also offers rewards, airdrops, and various other benefits for MEMEBET Token holders.
The project is also a regional sponsor of the Argentina National Football Team, which puts it on the radar of sports fans and shows that it knows what a winner is.
Right now, the token sells for only $0.0256 apiece. If you’d like to join investors who have pumped more than $363k into the token, you can buy it with ETH, USDT, MATIC, BNB, or credit/debit cards.
Don’t wait too long, though, because a price hike is coming in less than 3 days.
Visit MEMEBET Token on the official website.
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