SPX6900 (SPX) has skyrocketed 30% in the past 24 hours, boosting its market cap to $1.3 billion. This rally has pushed SPX’s RSI to its highest level since January 19, indicating strong buying pressure. However, the token is approaching overbought territory, raising the possibility of a pullback.
Meanwhile, Smart Money inflows reached $35,096, showing rising interest from influential traders. Whether SPX breaks past $1.5 or faces a correction depends on upcoming resistance and support levels.
SPX RSI Nears Overbought Zone
Following its price jump, SPX’s RSI climbed from 43.5 to 66 in a single day. The Relative Strength Index (RSI), a momentum indicator ranging from 0 to 100, helps gauge buying and selling pressure.
✔ Below 30 = Oversold
✔ Above 70 = Overbought
At 66, SPX remains below the overbought zone but signals strong bullish momentum. If RSI crosses 70, SPX could climb higher but may become vulnerable to a pullback. A stable RSI near current levels would indicate sustained bullish strength.
Smart Money Shows Confidence in SPX
In the last 24 hours:
🔹 One Smart Money address bought $52,287 worth of SPX.
🔹 Another added $3,104 to its holdings.
🔹 A separate wallet sold $20,295 in SPX.
These transactions suggest institutional traders are betting on SPX’s continued growth. If buying pressure remains high, SPX’s price could rise further. However, a shift in sentiment among Smart Money wallets could signal an impending correction.
SPX Price Prediction: Can It Break $1.5?
SPX’s Exponential Moving Averages (EMA) are close to forming a golden cross, a bullish signal that could drive prices higher.
Key Levels to Watch:
✔ $1.55 Resistance: Breaking above could push SPX toward $1.8.
✔ $1.23 Support: A drop below could lead to $0.96.
If momentum holds, SPX could challenge $1.5 soon. However, if buying slows, SPX risks losing ground to meme coin competitors like FARTCOIN, FLOKI, and WIF.
