SPX6900 Price Prediction: Traders Flee as SPX Crashes 37% – Is This the Bottom or Just the Beginning?

Blood in the water as SPX6900 gets mauled by bears—37% wiped out in just seven days. Panic selling or smart money repositioning?

Market psychology flipped from greed to terror faster than a crypto influencer deleting old price predictions. The question now: Is this a healthy correction or the start of something uglier?

Technical indicators scream oversold, but fundamentals whisper 'maybe not oversold enough.' Classic Wall Street 'buy the dip' playbooks getting shredded alongside trader portfolios.

One thing's certain: The volatility sharks are circling. Whether you see this as a fire sale or a falling knife probably depends on whether you're holding leveraged longs or sitting on dry powder.

Bonus jab: At least the -37% looks better than your average 'stablecoin-backed' yield farm these days.

SPX6900 Price Prediction: Traders Jump Ship as SPX Price Drops 37% in a Week, What’s Next?

SPX’s chart looks very different from that of most other coins in the top 100, in that it has enjoyed a peak in the past couple of weeks, and not only in January, when Donald TRUMP took office.

However, the flipside of this is that the coin entered a strongly overbought position, with its 37% drop in the past week providing a much-needed correction.

Indeed, SPX6900’s relative strength index (purple) has dropped to 40 this morning, which could be a prelude to a rebound.

On the other hand, its MACD (orange, blue) has yet to return to its baseline or to become oversold, so it may be a few days before the token begins rallying again.

But in the medium-term, SPX continues to look very promising, with its volumes still NEAR their highest-ever levels, at around $100 million today.

The meme token has been able to rise to new highs this month as a result of an influx of new investment, with major asset manager BlackRock being the most notable new investor in SPX.

Open interest in the coin is also higher than it has been in every month prior to June, while its funding rate remains at a healthy 5.5%, indicating strong demand.

This Cup & Handle pattern could make #SPX6900 go absolutely parabolic soon! pic.twitter.com/ghbhutWhXq

And analysts are continuing to predict big things for the SPX6900 price in the coming weeks and months, with some highlighting a classic cup-and-handle pattern as a signal of an incoming breakout.

Its fortunes in the next few days and weeks will depend on what happens in Iran, with a further escalation – such as the blocking of the Strait of Hormuz – likely to depress demand in the near term.

However, if conditions settle, SPX could easily reach $1.25 by the end of July and $1.50 by the end of August.

Bitcoin Bull Raises $7.3 Million in Snowballing Presale: Is Deflationary Meme Coin Ready to Explode?

As good as SPX looks at the moment, it won’t be the only new token to do well this summer, particularly if market conditions (e.g. tariffs, Middle East) improve.

There are also other, newer coins ready to surge in the coming weeks, including several presale tokens that have been building strong momentum recently.

One of these is Bitcoin Bull (BTCBULL), a deflationary ERC-20 token that has now raised $7.3 million in its ongoing ICO.

Last chance to buy BTCBULL before launch!

The countdown ends on June 30th.

Here’s what’s coming:
BTCBULL token burns
BTC airdrops at price milestones
BTCBULL airdrop when bitcoin hits $250K

Join the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC

What’s exciting about Bitcoin Bull is that its deflationary tokenomics are connected to Bitcoin’s (BTC) performance.

With a hard cap of 21 billion BTCBULL, the token will conduct burns whenever BTC reaches price milestones for the first time.

This will begin with $125,000, and repeat with each additional $25,000 added for the first time, shrinking BTCBULL’s supply in the long run.

Not only that, but Bitcoin Bull will host airdrops of Bitcoin itself, with these happening whenever BTC adds $50,000 to its price for the time (starting with $150,000).

This could make BTCBULL hugely profitable to hold, particularly when owners can stake it for a passive income.

However, the coin’s presale will end in just under seven days, so investors will have to MOVE quickly if they want to buy the token before it lists.

They can do so by going to the Bitcoin Bull website, where BTCBULL is selling at its final presale price of $0.00258.