- SPX6900 decisively broke above the $1.00 psychological resistance, reaching $1.15 with strong momentum.
- Current RSI at 63.15 indicates room for further upside without immediate overbought concerns.
The SPX6900 has shown strong upward momentum during the month of May 2025. The altcoin rose sharply to $1.15, gaining nearly 15% in the past 24 hours. The charts indicate that the market is likely to keep rising, backed by various indicators from different time periods.
SPX6900 technical chart points to a bullish trend structure. The asset rose above the $0.47 support level, which had previously kept it from rising. The trend is strong, as the price has been making higher highs and higher lows since early May.
Crossing the $1.00 level is a major achievement for the currency. At $1.15, the market is showing that buyers are committed to buying at higher prices. Moreover, as per the CMC data, the daily trading volume is also rising, indicating bullishness. In the last 24 hours, the daily trading volume has increased by almost 62%.
What’s Next for SPX6900 (SPX) Price?
The moving average analysis supports the bullish bias because the shorter-term EMAs are above the longer-term ones. Because of this, the price of the coin is more likely to rise, as the 50-day EMA at $0.89 offers strong support during any temporary falls.
The Social Sentiment indicator continues to show strong green readings, demonstrating that retail interest is still present. Grassroots support usually happens before digital assets start to accumulate institutional support.
SPX6900 positive momentum is increasing, as the MACD signal line stays above the baseline with a bullish crossover, so the uptrend could continue. The RSI level of 63.15 suggests the asset is not overbought and is still moving within a healthy range. It indicates there is more room for growth before the trend runs out of steam.
With the current setup, SPX6900/USD is expected to continue its bullish trend, and resistance may form around the $1.20 – $1.25 zone as predicted by Fibonacci extension. With the $1.00 level now broken, it should act as psychological support on any pullback, and the trendline from early May, around $0.85 to $0.90, will give extra technical support. As volatility is still high, traders should watch for volume confirmation and keep using risk management methods.
Highlighted Crypto News Today:
Bitcoin Becomes Political Weapon as JD Vance Rallies Crypto Crowd in Vegas
