SPX6900 Worth Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?

After a unstable week in crypto, SPX6900 noticed a quick 12% rebound following the August 23 market-wide liquidations — however the bounce was short-lived, resulting in a extra cautious SPX6900 value prediction.

The meme coin has since resumed its decline, with hypothesis mounting that whales could also be getting ready to exit, probably triggering one other leg down.

Since hitting its all-time excessive of $2.28 on July 28, SPX6900 has fallen over 40%, now buying and selling round $1.20.

In the meantime, 24-hour buying and selling quantity is down 19.36%, signaling weakening momentum and fading curiosity amongst consumers.

On-Chain Information Reveals SPX Whales Are about to Pull the Rug

On-chain knowledge from DexScreener signifies that SPX whales are liquidating their positions.

This exercise has contributed to the token dropping almost 5% of its worth because the begin of in the present day’s buying and selling session.

The derivatives market can also be displaying warning indicators of additional important declines for SPX.

Over the previous 24 hours, Coinglass knowledge exhibits that Open Curiosity has declined by 6.72%, whereas futures buying and selling quantity has dropped by 30.34%.

Moreover, the connection between SPX6900’s value and funding charges has reached ranges just like these noticed in June when SPX traded at $0.99, suggesting potential additional weak point forward.

Regardless of present market situations, outstanding SPX influencer Murad maintains confidence within the token’s long-term prospects.

He emphasizes that SPX capabilities as a movement-based cryptocurrency with over 140,000 holders and believes it would play a major function within the subsequent part of cryptocurrency growth.

SPX6900 Worth Prediction: Technical Evaluation Factors to Vital Juncture

The SPX6900 every day chart evaluation reveals the token is navigating a vital bearish part that can doubtless decide its short-term course.

The horizontal assist space between $1.50-$1.55, highlighted by technical indicators, has been convincingly damaged.

The RSI studying of 37.38 validates the present bearish momentum whereas shifting towards oversold situations.

Given these technical components, value motion seems biased towards additional declines within the quick time period.

The following main assist space sits round $1.00-$1.10, representing the token’s earlier consolidation zone.

A break under this essential degree might spark accelerated promoting strain towards the $0.9161 goal, representing an extra 15-20% decline from present ranges.

TOKEN6900 Presale Ends Quickly – Final Likelihood to Catch SPX-Like Positive aspects Early

TOKEN6900 ($T6900) is popping heads as the subsequent large meme coin to look at – providing early buyers a uncommon shot at SPX-style beneficial properties earlier than it hits the open market.

Whereas SPX6900 cools off after its explosive 11,259% rally, sensible cash is shifting towards new presales – the place tokens like $T6900 are nonetheless priced low and stuffed with upside potential.

Impressed by the viral success of SPX, TOKEN6900 goals to recreate that momentum from the bottom up – and up to now, the indicators are bullish.

The undertaking has already raised over $2.6 million, with hundreds of buyers speeding in to safe their spot earlier than launch.

Solely 46 hours stay earlier than the presale closes.

Proper now, $T6900 is out there for simply $0.00705, however time is rapidly working out.

To hitch the presale, go to the official TOKEN6900 website and join your pockets (e.g. Greatest Pockets).

You should buy utilizing ETH, USDT, USDC, BNB, or perhaps a bank card – no difficult setup required.

In case you missed SPX, this might be your second likelihood.

Go to the Official Web site Right here

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