SPX6900 has shown an impressive 340% surge from its March lows of $0.26 to current levels around $1.19, indicating strong bullish momentum.
The cryptocurrency has broken above both the 50-day EMA and 200-day EMA, reflecting significant buying pressure and positive momentum.
Despite showing mixed technical results, the market sentiment for SPX6900 remains positive with the 50-day EMA supporting the price at $0.8327.
With SPX trading at $1.17 with a 7% intraday gain, the asset is currently seen as bullish on the technical chart, with resistance expected around $1.40-$1.60.