SPX6900 Price Prediction – Why It Could Be Time To Sell SPX?

SPX6900 continues to be among the top-performing crypto assets in this bull cycle

The SPX price hit a new all-time high of $2.28 on Monday, surging past Sunday’s peak of $2.19. It has now surged by more than 800% since its March 10th macro bottom and 150% from its June lows

However, the Solana meme coin is now showing clear signs of buyer exhaustion, and holders need to be cautious not to give back their profits to the market

SPX already saw an ugly daily close on Monday. After hitting a new ATH of $2.28, it closed its daily candle at $2.13, down 6.5% from the peak. It is printing another red candle on Tuesday, trading at $2.04 at press time

Notably, previous bullish SPX6900 price predictions from prominent analysts have fully played out, which further suggests that the meme coin could now see a sharp sell-off

It could now be time for SPX6900 holders to rotate their profits into newer meme coins with higher upside. TOKEN6900, a low-cap alternative to SPX, is seeing strong buying pressure in its presale, with many calling it the next 100x crypto

SPX6900 Price Prediction – Time To Sell?

SPX6900 has posted the highest gains of any top 100 cryptocurrency on CoinMarketCap over the past 90 days, a data point that perfectly sums up the meme coin’s dominance in this bull cycle

However, it could now be time for holders to sell SPX and lock in their profits

For starters, bullish SPX6900 price predictions from prominent analysts have now fully played out. Back on July 11th, legendary trader Bluntz gave a price target of $2.30, using Elliot Wave analysis for his projection. With an all-time high of $2.28, SPX has hit that target

Moreover, the meme coin has formed a bearish divergence in its daily timeframe, as indicated by the higher high in price and a lower high in its daily RSI

Bearish divergences do not always result in a significant sell-off in a bull market. However, this bear-div has formed in the highly overbought territory, with the weekly RSI also hitting the 70 mark

As a result, there is a considerable probability that the SPX rally cools off, potentially retesting the key support level of $1.75

This should be enough evidence for holders to sell and lock in their profits, especially those that are sitting on substantial gains. However, others can wait for additional signs at the risk of squandering at least part of their gains

For instance, the SPX6900 price is moving within an ascending channel. After failing to breach its upper trendline on Monday, it is headed for a retest of the lower trendline. A bounce back there would suggest that the bull rally could potentially continue

However, a breakdown below likely means the uptrend is over

Spot buyers who invested in SPX early can potentially afford to wait for a breakdown below the $1.75 support level as well

More savvy traders can also keep an eye on the meme coin’s Moving Average Convergence Divergence (MACD 12, 26). Its MACD sees a bear cross, indicated by the blue line crossing below the orange one in the above price chart, 3 to 5 days after the top is in

Considering its Monday’s ATH, a bear cross by Friday would be another strong sign to sell and secure profits

Experts Back TOKEN6900 As The Next 100x Crypto

TOKEN6900 (T6900), a newer alternative to SPX6900, is seeing considerable buying pressure in its presale, having already raised nearly $1.5 million in short order

Much like SPX, TOKEN6900 is powered by delusional humour, anti-Wall Street spirit and the OG meme coin ethos of giving retail investors a chance to make it big

The meme coin’s whitepaper claims that $T6900 is made out of “the peak brain rot philosophy”. There is no deceptive push of utility or AI; just 2000s nostalgia and the online banter around the number “69”

This is the winning formula. Top meme coins like Dogecoin, Pepe and Fartcoin do not offer any utility and are based around one popular meme. TOKEN6900 is nothing different

Moreover, it is also a low-cap meme coin, with its presale having a hard cap of $5 million. Unsurprisingly, prominent analysts are bullish on its upside potential, with many calling it the next 100x crypto. Some are even eyeing up to 1000x returns.

Visit TOKEN6900 Presale

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