SPX6900 Pumps One other 17%, $3 is Subsequent Goal as New Index Meme Coin ICO Raises $2M

The following stage of the crypto bull run is continuous to go away market contributors on edge, as Bitcoin and Ethereum bulls battle to push their favourite main cryptocurrencies again towards their current highs.

Bitcoin noticed a complete acquire of simply over 5% final week (and has now damaged $100,000 once more), whereas Ethereum pushed upwards by 8.4%.

Within the meantime, a mini alt season has damaged out as a variety of notable cryptos skilled small recoveries and pumps – with SPX6900 ($SPX) persevering with to guide. $SPX has pumped 20% over the previous day and is now up 81% from this time final week.

In the meantime, the “meme coin index” narrative can also be driving progress of Meme Index ($MEMEX), which has now raised $2m via its ongoing ICO.

SPX6900 Continues to Shine within the Highlight

With one other 17% acquire pumping its value past $1.50 over the past 24 hours, SPX6900 would possibly lastly be able to take a breather – or so its each day chart would recommend. That is the form of chart that each crypto investor goals about, showcasing a large parabolic run that unfolded in nearly textbook vogue:

Over this weekend, SPX6900 slowed down for the primary time because it printed a “spinning prime” candle on Saturday, signaling indecision and a battle between bulls and bears. The bulls proved victorious on Sunday, reaching a contemporary 14% revenue on the day – and this Monday we’re seeing the pump proceed as soon as once more.

If we zoom into the hourly chart, nevertheless, we are able to see a extra detailed image:

Since breaking via the $1 degree, SPX6900 has fashioned a sequence of upper lows, then damaged out and in addition fashioned a bullish ascending triangle. The asset’s buying and selling quantity has pulled again, whereas its RSI (Relative Power Index) is hovering barely under the overbought zone with a rating of roughly 67.

Put collectively, these are all cumulative indicators of extra potential bullish motion nonetheless to come back – so we might simply see SPX6900 explode but once more, passing $1.60. From there, it’d properly flip that resistance degree into assist, leaving the bulls in management and one other inexperienced each day candle on the playing cards. Contemplating every thing we’ve seen to date, $3 (nearly a 2x from SPX’s present value) is shaping as much as be a good goal for bullish believers.

hitting $1.5B mcap w/o Coinbase, Binance, Robinhood is an announcement

SPX6900 will attain multi billions earlier than your fav memecoin, strongest neighborhood within the recreation.

— Malik (@tiny_malik) January 6, 2025

On the bearish facet, a value dip from right here would even be cheap in an effort to burn off a few of that overbought RSI rating. A pullback under $1.50 would open up cheaper price targets like $1.40, $1.35, $1.25, $1.14, or the important thing psychological assist line at $1 – though it’s value noting the sheer variety of potential assist ranges that SPX6900 established throughout its huge dash upwards.

Whether or not $1.60 proves to be the present restrict for SPX6900 bulls or not, this asset has nonetheless carried out amazingly properly, with the worst-case state of affairs at present being a possibility to purchase the dip.

With a lot SPX6900 hype spreading throughout social media, our subsequent token is shaping as much as be that now-legendary mission’s successor…

Meme Index ICO Raises $2M – the Subsequent SPX6900?

Excited by the prospect of the subsequent huge “meme coin index” token, SPX6900 lovers and crypto specialists on the whole have been closely supporting Meme Index ($MEMEX), one of many world’s very first decentralized buying and selling platforms for meme coin initiatives of all sizes.

Hitting it huge by betting closely on only one meme coin arguably requires a big quantity of luck, not simply efficient evaluation – and diversifying a portfolio by investing in a number of tokens shortly turns into time-consuming, to not point out doubtlessly complicated.

Meme Index helps to deal with this problem, as MEMEX holders can simply stake their tokens throughout “baskets” (indexes) that expose traders to the cumulative value efficiency of a number of meme cash on the identical time.

Because of this if one token’s worth drops considerably, different tokens will help to prop up the worth of that basket – and if the crypto market pumps right into a contemporary bullish part, traders received’t miss out if just a few particular tokens outperform every thing else.

Degens can dive into the “Meme Frenzy Index” (the place probably the most rewarding and dangerous tokens will be discovered), go for the comparatively protected highway with the “Meme Titan Index” (the mainstream meme token basket, together with the likes of SHIB, PEPE, and naturally DOGE), or go for a reasonable degree of volatility with blended collections just like the “Moonshot Index” and “Midcap Index”.

Given how strongly SPX6900 has pumped this early in 2025, MEMEX appears to be like set to comply with up its phenomenal ICO with its personal rocket-fuelled value motion when it launches on main crypto exchanges.

Meme Index has now raised $2 million via its presale, with analysts anticipating better achievements within the coming weeks, months, and years.

MEMEX tokens are briefly priced at simply $0.0149831, with staking rewards of 1,207% APY awaiting early traders who select to stake their tokens and generate passive earnings. Incomes additional tokens will allow these traders to accumulate further votes and have a better say in the way forward for Meme Index, as MEMEX may also act because the platform’s governance token.

Go to Meme Index Presale

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