SPX6900 is holding firm around $0.7267 as of Friday, supported by improving short-term technical indicators. The daily RSI at 54 suggests that bullish momentum is slowly building, even while broader crypto sentiment stays soft.
The MACD is nearing the zero line, and the growing green histogram bars indicate rising buying pressure. This formation signals cautious accumulation from investors who expect a potential shift in momentum.
All eyes are now on a possible breakout above the 50-day EMA at $0.7921. If bulls manage to clear this barrier, SPX6900 could target the next major resistance zones:
100-day EMA at $0.9656
200-day EMA at $1.0476
Breaking above these levels would strengthen the bullish structure and could attract increased attention from both retail traders and institutional players.
Currently, the price consolidation reflects confidence in SPX6900’s support levels despite overall market weakness. Short-term indicators show that buyers are gradually gaining control, positioning the token for potential upside if key EMAs break.
In summary, SPX6900 remains resilient, and traders will be closely tracking breakout signals and EMA milestones, as these will determine whether the next bullish leg is ready to unfold.
