The subsequent stage of the crypto bull run is constant to depart market members on edge, as Bitcoin and Ethereum bulls combat to push their favourite main cryptocurrencies again towards their latest highs.
Bitcoin noticed a complete acquire of simply over 5% final week (and has now damaged $100,000 once more), whereas Ethereum pushed upwards by 8.4%.
Within the meantime, a mini alt season has damaged out as a variety of notable cryptos skilled small recoveries and pumps – with SPX6900 ($SPX) persevering with to guide. $SPX has pumped 20% over the previous day and is now up 81% from this time final week.
In the meantime, the “meme coin index” narrative can be driving development of Meme Index ($MEMEX), which has now raised $2m by its ongoing ICO.
SPX6900 Continues to Shine within the Highlight
With one other 17% acquire pumping its value past $1.50 over the past 24 hours, SPX6900 may lastly be able to take a breather – or so its day by day chart would counsel. That is the form of chart that each crypto investor desires about, showcasing an enormous parabolic run that unfolded in virtually textbook style:
Over this weekend, SPX6900 slowed down for the primary time because it printed a “spinning prime” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, attaining a recent 14% revenue on the day – and this Monday we’re seeing the pump proceed as soon as once more.
If we zoom into the hourly chart, nevertheless, we are able to see a extra detailed image:
Since breaking by the $1 degree, SPX6900 has fashioned a collection of upper lows, then damaged out and likewise fashioned a bullish ascending triangle. The asset’s buying and selling quantity has pulled again, whereas its RSI (Relative Energy Index) is hovering barely under the overbought zone with a rating of roughly 67.
Put collectively, these are all cumulative indicators of extra potential bullish motion nonetheless to come back – so we may simply see SPX6900 explode but once more, passing $1.60. From there, it would properly flip that resistance degree into help, leaving the bulls in management and one other inexperienced day by day candle on the playing cards. Contemplating every thing we’ve seen to date, $3 (virtually a 2x from SPX’s present value) is shaping as much as be a good goal for bullish believers.
On the bearish aspect, a value dip from right here would even be cheap as a way to burn off a few of that overbought RSI rating. A pullback under $1.50 would open up cheaper price targets like $1.40, $1.35, $1.25, $1.14, or the important thing psychological help line at $1 – though it’s price noting the sheer variety of potential help ranges that SPX6900 established throughout its huge dash upwards.
Whether or not $1.60 proves to be the present restrict for SPX6900 bulls or not, this asset has nonetheless carried out amazingly properly, with the worst-case situation presently being a chance to purchase the dip.
With a lot SPX6900 hype spreading throughout social media, our subsequent token is shaping as much as be that now-legendary undertaking’s successor…
Meme Index ICO Raises $2M – the Subsequent SPX6900?
Excited by the prospect of the subsequent huge “meme coin index” token, SPX6900 fanatics and crypto specialists normally have been closely supporting Meme Index ($MEMEX), one of many world’s very first decentralized buying and selling platforms for meme coin initiatives of all sizes.
Hitting it huge by betting closely on only one meme coin arguably requires a big quantity of luck, not simply efficient evaluation – and diversifying a portfolio by investing in a number of tokens rapidly turns into time-consuming, to not point out doubtlessly complicated.
Meme Index helps to deal with this problem, as MEMEX holders can simply stake their tokens throughout “baskets” (indexes) that expose buyers to the cumulative value efficiency of a number of meme cash on the similar time.
Because of this if one token’s worth drops considerably, different tokens may help to prop up the worth of that basket – and if the crypto market pumps right into a recent bullish section, buyers gained’t miss out if a number of particular tokens outperform every thing else.
Degens can dive into the “Meme Frenzy Index” (the place essentially the most rewarding and dangerous tokens might be discovered), go for the comparatively secure highway with the “Meme Titan Index” (the mainstream meme token basket, together with the likes of SHIB, PEPE, and naturally DOGE), or go for a reasonable degree of volatility with combined collections just like the “Moonshot Index” and “Midcap Index”.
Given how strongly SPX6900 has pumped this early in 2025, MEMEX appears set to comply with up its phenomenal ICO with its personal rocket-fuelled value motion when it launches on main crypto exchanges.
Meme Index has now raised $2 million by its presale, with analysts anticipating better achievements within the coming weeks, months, and years.
MEMEX tokens are briefly priced at simply $0.0149831, with staking rewards of 1,207% APY awaiting early buyers who select to stake their tokens and generate passive revenue. Incomes further tokens will allow these buyers to accumulate extra votes and have a better say in the way forward for Meme Index, as MEMEX may even act because the platform’s governance token.
Go to Meme Index Presale
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