$SPX $6900 ignites with a 4.31% surge to $0.49214, fueled by a major buy from wallet 0xe0f6...b2c56c.

The rally confronts a critical technical barrier. The SUPERTREND resistance wall is formidable, with the bearish signal line looming directly overhead at $0.51311. The token must conquer this level to invalidate the current downtrend structure. With a massive market cap of $458.19 million and a colossal fully diluted valuation of $492.15 million, the upside is capped by immense supply pressure. The $14.08 million on-chain liquidity pool provides a foundation, but the 49,283 holders are now watching for a breakout or a rejection.

The chart reveals a coiled spring. After a deep correction from highs above $0.565, the asset found a base near $0.441. This thrust is its most aggressive attempt to recover. The immediate battlefield is the zone between $0.492 and $0.513. A decisive breach above the SUPERTREND line could trigger a short squeeze toward $0.540. However, failure here would confirm the bearish structure, likely sparking a rapid descent back toward the $0.446 support. The next candle decides the short-term fate

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