SPX Surges 31% in Single-Day Rally as PEPE Targets 10.8% Breakout – Meme Coin Mania Heats Up

Wall Street’s benchmark index rockets to its biggest daily gain in years—while crypto’s favorite frog-themed meme coin eyes double-digit upside.

Forget fundamentals—today’s market runs on vibes and animal spirits. Traders pile into risk assets as SPX posts its most aggressive single-session climb since the 2020 rebound. Meanwhile, PEPE defies its cartoonish origins with a technical setup suggesting serious momentum.

Watchlist: Meme coins flashing bullish signals as liquidity chases the next parabolic move. Just don’t ask about utility—these trades are pure casino capitalism wearing DeFi pajamas.

Pepe (PEPE)

• Launch Date – April 2023
• Total Circulating Supply – 420.69 Trillion PEPE
• Maximum Supply – 420.69 Trillion PEPE
• Fully Diluted Valuation (FDV) – $6.08 Billion
• Contract Address – 0x6982508145454ce325ddbe47a25d4ec3d2311933

PEPE has maintained an uptrend for the past three weeks, aiming to extend its price gains. Currently trading at $0.00001443, the meme coin faces resistance at $0.00001489, which it must overcome to continue its upward trajectory.

If bullish momentum continues, Pepe could break past $0.00001489. This breakthrough might trigger a 10.79% rise, pushing the price to $0.00001600 and confirming the strength of the ongoing uptrend.

However, failure to breach $0.00001489 could lead to a decline. PEPE may fall below the support level of $0.00001384, potentially dropping toward $0.00001216 and invalidating the current bullish trend.

SPX6900 (SPX)

• Launch Date – March 2024
• Total Circulating Supply – 930.99 Million SPX
• Maximum Supply – 1 Billion SPX
• Fully Diluted Valuation (FDV) – $1.11 Billion
• Contract Address – 0xe0f63a424a4439cbe457d80e4f4b51ad25b2c56c

SPX surged nearly 31% in the last 24 hours, currently trading at $1.18, just below the $1.23 resistance. This momentum suggests the meme coin is set to continue rising, fueled by growing investor interest and positive market sentiment.

The potential Golden Cross, with the 50-day EMA crossing above the 200-day EMA, signals a strong bullish shift. If confirmed, SPX could advance toward $1.40, attracting more buyers.

However, failure to break $1.23 or increased selling pressure could push SPX back to $1.00. This decline WOULD negate the recent gains and challenge the current bullish outlook.

Small Cap Corner – HarryPotterObamaSonic10Inu (ETH) (BITCOIN)

• Launch Date – July 2023
• Total Circulating Supply – 999.79 Million BITCOIN
• Maximum Supply – 1 Billion BITCOIN
• Fully Diluted Valuation (FDV) – $79.75 Million
• Contract Address – 0x72e4f9f808c49a2a61de9c5896298920dc4eeea9

The meme coin Bitcoin has risen 5.3% recently, with the Ichimoku Cloud below the candlesticks, indicating continued bullish momentum. This suggests the price could sustain its upward trajectory in the near term.

Currently trading at $0.079, bitcoin remains confined between $0.081 and $0.071. A breakout above $0.081 could drive the meme coin’s price to $0.090.

However, increased selling pressure may lead to consolidation. If BITCOIN falls below the $0.071 support, it could drop to $0.064, invalidating the bullish outlook.