Is It Too Late To Buy SPX? SPX6900 Price Skyrockets 59% And This Might Be The Next Crypto To Explode
The SPX6900 price skyrocketed 59% in the last 24 hours to trade at $0.1602 as of 03:35 a.m. EST on trading volume that rose 30% to $18.7 million.
SPX6900 Price On A Sustained Bullish Trend
According to GeckoTerminal data, the SPX6900 price was in a consolidation zone throughout September, trading within the $0.034 level within the 200-day Simple Moving Average (SMA).
After a period of consolidation marked by the yellow box, the price broke out aggressively, indicating a bullish breakout. The current price action is parabolic, with rapid upward movement.
SPX price now trades above both the 50-day and 200-day SMAs, confirmation of the bullish stance to the upside.
To affirm the bullish rally, the Moving Average Convergence Divergence (MACD) is moving up above the neutral line, which shows that the price of SPX6900 is on a positive trajectory.
If the current bullish trend continues, the SPX6900 price could keep soaring as the bulls target $0.233.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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