The SPX6900 exchange is about to launch, with a price rise of 12.5% followed by a pullback of 8%. Follow the $1.1 support.

Background information: SPX6900 (SPX) surged 12.5% on June 18 after a trading platform U.S. announced that it would launch the memecoin on June 19, with the price rising from $1.24 to $1.46. Key event: The rally triggered short-term profit-taking, causing the SPX price to retreat by 8%. The technical picture shows that the price has encountered resistance in the middle of the downward channel, forming a short-term supply zone, and the 4-hour RSI indicator is also showing selling pressure. On-chain data shows that 91% of token holders are profitable, increasing the likelihood of profit-taking. Potential impact: Short-term support near $1.1, coinciding with the 200-day exponential moving average, is a key observation point. Despite the short-term pullback, the overall market sentiment is still on the high side, and it remains to be seen whether the listing plan of a trading platform U.S. can drive a new round of gains. Disclaimer: The content is the author's opinion only and does not constitute investment advice.

SPX-3.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
JustHereForAirdropsvip
· 06-22 19:12
All in and it's done~
View OriginalReply0
WealthCoffeevip
· 06-20 15:11
Follow the teacher to enter a position in the morning.
View OriginalReply0
BearMarketSurvivorvip
· 06-19 19:50
The veteran on the battlefield is here, firmly holding the 1.1 defense line. Don't rush to surge until everything is in place.
View OriginalReply0
LiquidityHuntervip
· 06-19 19:49
1.1 Support not broken, I will not withdraw.
View OriginalReply0
LuckyBlindCatvip
· 06-19 19:47
Another round of playing people for suckers.
View OriginalReply0
liquiditea_sippervip
· 06-19 19:28
Since you are here, buy.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)