SPX6900 Rallies 10% Post-Breakout Retest—$1.30 in Sight

Another day, another crypto pump—SPX6900 defies gravity with a 10% surge after nailing its breakout retest. Traders now eye $1.30 like it’s the last lifeboat on the Titanic.

Technical fireworks aside, let’s be real: if this were a stock, the SEC would’ve already subpoenaed someone’s dog. But hey, in crypto-land, ‘retest’ is just fancy talk for ‘we survived the rug pull.’

Looking ahead, SPX appears to be targeting the $1.30 level next—a key resistance zone where the price was repeatedly rejected in January during a series of sharp oscillations. If $1.30 is cleared, the path opens toward $1.50—a psychological level and the closing high of both January peaks, marking a major resistance zone.

Launched in mid-August 2023, SPX6900 is a memecoin operating primarily on the ethereum blockchain. Its name and branding are satirical, parodying traditional financial instruments like the S&P 500. In January, when the entire memecoin market was rallying, SXP market cap briefly surpassed $1.5 billion. However, as with most memecoins, it has since retraced significantly, currently standing at $900 million.