Cryptocurrency News

Why Is SPX6900 Pumping? Value Jumps 11% however What’s Subsequent?


TL;DR

  • SPX6900 value rallies 20% in every week, holding above key trendline with $94M in every day quantity.
  • Social dominance for the meme coin hits a 2-month excessive at 0.913%, reflecting elevated on-line consideration.
  • Regardless of the worth surge, energetic and new tackle counts fall, signaling decreased person participation.

SPX6900 Extends Weekly Beneficial properties With Recent Momentum

SPX6900 (SPX) is buying and selling at $1.42 as of press time, rising 8% previously 24 hours. This transfer follows an earlier 11% enhance, bringing its 7-day achieve to round 20%. The present market cap stands at $1.32 billion, primarily based on a circulating provide of 930 million tokens.

Every day buying and selling quantity reached $94.4 million, with value motion ranging between $1.28 and $1.44, primarily based on Coingecko knowledge. SPX6900 remains to be down 17.8% from its all-time excessive of $1.73, recorded on June 11, 2025. The broader pattern stays upward, supported by current market curiosity and social exercise.

Apparently, in accordance to Santiment, SPX6900’s social dominance has reached 0.913%, the very best stage in over two months. This metric displays the share of on-line discussions throughout main crypto media platforms associated to SPX in comparison with different tokens.

santiment_spx_chart
SPX6900 Social Dominance | Supply: Santiment

In the meantime, the rise in visibility has coincided with stronger market efficiency. Because the coin garners extra consideration, each new and present merchants seem extra energetic, regardless of total community exercise displaying some indicators of slowing.

SPX Holds Trendline Help as Resistance Nears

The meme coin continues to observe a rising trendline that’s been in place since Could, displaying regular upward stress. The worth is hovering slightly below $1.36, a zone that has acted as resistance in current weeks. This space additionally strains up with a key Fibonacci stage, making it an necessary level for merchants to observe.

spx_price_chart_0907251
Supply: TradingView

If the worth closes above $1.36 with quantity, it may transfer towards $1.56, the place earlier rallies have stalled. The RSI is at the moment studying 58.29, which leans bullish with out displaying overbought circumstances.

Momentum stays intact so long as the worth stays above the trendline. Any drop beneath $1.17 would weaken the construction. For now, patrons seem like in management.

Tackle Exercise Traits Decrease Regardless of Value Surge

IntoTheBlock knowledge reveals whole addresses have reached 1.56K. New addresses are at 172, although they’ve dropped by 8.44% during the last seven days. This factors to slowing progress in new person participation.

Lively addresses have declined by 9.40% in the identical interval, with the depend at 1.23K. Zero steadiness addresses are at 157, down 2.92%, which may replicate some person exits or consolidation of holdings.

Regardless of falling tackle metrics, the worth stays robust, pushed by elevated short-term curiosity.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Unique): Use this hyperlink to register a brand new account and obtain $600 unique welcome supply on Binance (full particulars).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this hyperlink to register and open a $500 FREE place on any coin!

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *