The cryptocurrency market has been experiencing a strong resurgence in the past quarter, with Ethereum (ETH) leading the charge. After a surge of over 44% during Q2, ETH is now trading above $2,600, marking a significant high not seen since February. This renewed momentum is fueling interest in memecoins, including SPX6900 (SPX). 📈
SPX has delivered an impressive 160% gain over the last 60 days, quickly establishing itself as a prominent player in the memecoin space.
Analysis suggests that a key bullish signal on lower timeframes may be forming. This could indicate the potential for further gains if buyers push past a critical resistance level. 🚀
Zooming into the 2-hour chart, SPX is showing signs of forming a classic Cup and Handle pattern — a well-known bullish continuation formation that often signifies further upside.
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