Ethereum

SPX6900

bullish

when

Time

SPX6900 price surged 10% after breakout retest as bullish momentum builds toward $1.30.
SPX6900 (<a href="https://crypto.news/price/spx6900/" rel="noopener noreferrer nofollow">SPX</a>) price jumped 10% in the past 24 hours, currently trading at $0.97 while the trading volume is surging over 100%. The surge follows a key breakout retest yesterday, with the breakout itself taking place on May 22, when the price climbed above the previous resistance at $0.89, peaking at $0.93 on that day.
Following that breakout, SPX price consolidated for a few days until today’s surge pushed it to break above $0.97 local resistance, which marked the upper boundary of the consolidation range, and peak at $1 before retracing to the current $0.97 price point.
The short-term trend is decisively bullish, with the price trading above EMA 20 and SMA 50 and a bullish crossover between these moving averages holding since mid April. At 68, RSI is close to the 70 level, suggesting possible short-term cooling, but still bullish.
<figure class="wp-block-image size-full">
 <img loading="lazy" width="1715" height="959" src="https://crypto.news/app/uploads/2025/05/SPX6900USD_2025-05-28_13-45-21.png" alt="SPX6900 price surges 10% after breakout retest, eyes $1.30 next - 18">
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 Source: <a href="https://www.tradingview.com/chart/skYOuuO6/?symbol=PYTH%3ASPX6900USD" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>
 </figcaption>
</figure>
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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 <a href="https://crypto.news/tag/meme-coin/" rel="noopener noreferrer nofollow">memecoin</a> operating primarily on the Ethereum blockchain. Its name and branding are satirical, parodying traditional financial instruments like the S&amp;P 500. In January, when the entire memecoin market was rallying, SXP market cap briefly <a href="https://crypto.news/spxhits-1-5b-market-cap-first-time-open-interest-rise/" rel="noopener noreferrer nofollow">surpassed</a> $1.5 billion. However, as with most memecoins, it has since retraced significantly, currently standing at $900 million.
You might also like: <a href="https://crypto.news/spxhits-1-5b-market-cap-first-time-open-interest-rise/" rel="noopener noreferrer nofollow"> SPX6900 surpasses $1.5B market cap first time ever as open interest shoots up </a>

SPX6900 price surges 10% after breakout retest, eyes $1.30 next

crypto.news

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