The SPX6900 (SPX) price has increased by approximately 30 % in the past 24 hours, prompting the market value to nearly $ 1.3 billion and consolidating its position as one of the largest coins. This rapid increase also pushed SSI from SPX to its highest level since January 19, indicating strong purchase pressure but is close to the peak purchase area.
Meanwhile, smart money activity shows a clear flow of $ 35,096, indicating an increase in influential traders. Whether SPX continues in its upward direction of about $ 1.8 or faces a key -based correction and support levels in the coming days.
SPX RSI rises without crossing the excessive purchase threshold
SPX6900 RSI increased from 43.5 to 66 in just one day after the last 30 % price increased. This increase also put SPX in the sixth place among the largest Mimi currencies in the market. The RSI Index (Relative Power Index) is a momentum indicator that measures the speed and size of price movements on a scale from 0 to 100.
Readings that are less than 30 indicate that the original may be more than its age, while levels that exceed 70 indicate that it may overlook its peak. RSI reflects the growing bullish momentum, while low RSI signals weaken strength or potential price corrections.
SPX6900 RSI is now 66 years old, the highest level since January 19, indicating strong purchase pressure. Although it has not yet reached the peak doorstep of 70, it is close to the level in which traders may start watching potential exhaustion.
If RSI continues at the height of the seventy, SPX PRICE may see more upward trend but it may also be vulnerable to withdrawal. However, if the RSI settles near this level, it may indicate the continuous bullish momentum, allowing the bullish reliable to continue.
Smart money is recorded 35,000 dollars in a net flow in SPX
In the past 24 hours, two addresses of SPX smart money accumulated, with one purchase of $ 3,104 and the other purchased $ 52,287. Meanwhile, he sold another $ 20,295 smart money address from SPX.
Tracking this portfolio is very important because smart funds refer to institutional or high -value merchants with a date in making profitable moves. Buying or selling activity can provide an insight into the market morale and potential prices, as it often works before the wider retail merchants.
Modern smart money flows indicate an increase in interest in SPX, as the total purchase volume exceeded the volume of sale. While one portfolio of SPX, the largest accumulation indicates confidence from the main players.
If this trend continues, this may indicate an increase in demand and support for the SPX price. However, if the sale of pressure between smart money portfolios increases, it may suggest a shift in feelings, which may lead to a reflection.
SPX prediction: Will he test $ 1.5 soon?
The SPX Price scheme indicates that its EMA lines are about to form a golden cross, a bullish sign that can enhance upward momentum. In the event of this intersection, SPX can test the resistance at $ 1.55, and the collapse above this level may pay the price about $ 1.8.
The Golden Cross usually indicates a shift in the direction, enhances the confidence of the buyer and attracts more attention. The next few sessions will be crucial in determining whether the SPX price can maintain its last gains and continue its upward path.
However, if the current noise fades and the purchase pressure weakens, the SPX price can reflect its direction and test support at $ 1.23.
The collapse may lead to no this level to accelerate the sale, which may lead to a decrease in the price to $ 0.96. If this scenario is unfolded, SPX risk losing its location between the upper Meme currencies to Fartcoin, Floki and WIF.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
