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SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?

SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?

After a risky week in crypto, SPX6900 noticed a short 12% rebound following the August 23 market-wide liquidations — however the bounce was short-lived, resulting in a extra cautious SPX6900 worth prediction.

The meme coin has since resumed its decline, with hypothesis mounting that whales could also be making ready to exit, doubtlessly triggering one other leg down.

Since hitting its all-time excessive of $2.28 on July 28, SPX6900 has fallen over 40%, now buying and selling round $1.20.

In the meantime, 24-hour buying and selling quantity is down 19.36%, signaling weakening momentum and fading curiosity amongst consumers.

On-Chain Information Reveals SPX Whales Are about to Pull the Rug

On-chain data from DexScreener signifies that SPX whales are liquidating their positions.

This exercise has contributed to the token dropping almost 5% of its worth because the begin of at present’s buying and selling session.

SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?
Supply: DexScreener

The derivatives market can also be displaying warning indicators of additional vital declines for SPX.

Over the previous 24 hours, Coinglass data exhibits that Open Curiosity has declined by 6.72%, whereas futures buying and selling quantity has dropped by 30.34%.

SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?
Supply: Coinglass

Moreover, the connection between SPX6900’s worth and funding charges has reached ranges much like these noticed in June when SPX traded at $0.99, suggesting potential additional weak point forward.

Regardless of present market circumstances, outstanding SPX influencer Murad maintains confidence within the token’s long-term prospects.

He emphasizes that SPX features as a movement-based cryptocurrency with over 140,000 holders and believes it’s going to play a major function within the subsequent section of cryptocurrency growth.

SPX6900 Value Prediction: Technical Evaluation Factors to Vital Juncture

The SPX6900 every day chart evaluation reveals the token is navigating an important bearish section that can possible decide its short-term course.

The horizontal assist space between $1.50-$1.55, highlighted by technical indicators, has been convincingly damaged.

The RSI studying of 37.38 validates the present bearish momentum whereas transferring towards oversold circumstances.

SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug?
Supply: TradingView

Given these technical components, worth motion seems biased towards additional declines within the quick time period.

The subsequent main assist space sits round $1.00-$1.10, representing the token’s earlier consolidation zone.

A break under this vital stage may spark accelerated promoting strain towards the $0.9161 goal, representing a further 15-20% decline from present ranges.

TOKEN6900 Presale Ends Quickly – Final Probability to Catch SPX-Like Features Early

TOKEN6900 ($T6900) is popping heads as the following huge meme coin to observe – providing early traders a uncommon shot at SPX-style features earlier than it hits the open market.

Whereas SPX6900 cools off after its explosive 11,259% rally, sensible cash is shifting towards new presales – the place tokens like $T6900 are nonetheless priced low and stuffed with upside potential.

Impressed by the viral success of SPX, TOKEN6900 goals to recreate that momentum from the bottom up – and to this point, the indicators are bullish.

The venture has already raised over $2.6 million, with hundreds of traders dashing in to safe their spot earlier than launch.

Solely 46 hours stay earlier than the presale closes.

Proper now, $T6900 is available for just $0.00705, however time is shortly operating out.

To hitch the presale, go to the official TOKEN6900 website and join your pockets (e.g. Best Wallet).

You should buy utilizing ETH, USDT, USDC, BNB, or perhaps a bank card – no sophisticated setup required.

For those who missed SPX, this might be your second likelihood.

Visit the Official Website Here

The publish SPX6900 Price Prediction: SPX Pumps 12% Then Dumps – Are Whales About to Pull the Rug? appeared first on Cryptonews.

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