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SPX6900 Surges Past $1.63 Resistance and Eyes $2 Milestone

  • SPX6900 breaks above $1.63 resistance after months of consolidation, gaining over 500% from March lows of $0.26.
  • A golden cross with 50-day EMA crossing above 200-day EMA indicates a potential long-term uptrend ahead.
  • SPX6900 shows technical strength in the meme coin market with a potential major breakout.
  • SPX has recovered significantly from its March lows and is currently trading at $1.603.
  • SPX has substantial trading volume at $106.94 million, indicating strong buyer presence.
  • Bullish indicators like the MACD, Awesome Oscillator, and RSI suggest positive momentum and a potentially overbought market.
  • High volume during the breakout suggests genuine demand supporting the price movement.
  • Breaking the $1.63 resistance opens up the possibility to reach the $2 milestone and beyond.
  • Traders should be cautious of the overbought RSI level and potential profit-taking pressures.
  • Highlighted crypto news today involves a financial adviser caught in a crypto scam and banned for a decade.

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