SPX6900 experienced a 12% decrease in price over the last 24 hours as bulls and bears vie for control.
The cryptocurrency is facing a critical situation at the resistance level of $1.70, with a slight advantage for bears.
SPX6900 is currently trading at $1.176, above its 50-day EMA and 200-day EMA, indicating a positive trend.
Technical indicators like RSI and MACD suggest an equilibrium between buying and selling pressure, with potential for bullish movement if the resistance at $1.7345 is breached.