SPX6900 price experienced a significant surge of 10% over the past 24 hours, reaching a current price point of $0.97 after yesterday’s breakout retest. This bullish momentum drives the target to surpass $1.30, a key resistance level that was previously rejected in January. The surge follows a key breakout on May 22, where SPX6900 climbed above its previous resistance at $0.89 and peaked at $0.93. The price consolidated for a few days before today’s sharp rise to break past the $0.97 local resistance level, marking the upper boundary of the consolidation range, before retracing to its current value. 68 RSI shows signs of short-term cooling, but remains bullish, while the short-term trend is undeniably positive with price action above both EMA 20 and SMA 50 with a bullish crossover since mid-April. The price now appears poised to reach $1.30 after breaking above the previous resistance. If this target is cleared, it will open paths towards higher targets of $1.50 – a psychological level which also marks the closing high of both January peaks and a significant resistance zone. 68 RSI shows signs of short-term cooling, but remains bullish. Launched in mid-August 2023 as a memecoin operating primarily on the Ethereum blockchain, SPX6900 takes inspiration from traditional financial instruments like the S&P 500 by utilizing satirical branding and naming conventions. This coin previously hit $1.5 billion market cap in January during a rally of memecoins, but has since retraced significantly to its current market cap of $900 million.