SPX6900 Price Trying to Overcome a Major Resistance as MEMEX Presale Attracts Investors

The SPX6900 price soared over 9% in the last 24 hours to trade at $0.7771 as of 6:08 a.m. EST as investors start accumulating the altcoin.

Investors are showing renewed interest in the SPX6900 crypto, with its price surging over 9% in the last 24 hours to trade at $0.7771 as of 6:08 a.m. EST. This uptick in buying pressure comes as investors might be looking to add the altcoin to their portfolios following a recent price decline.

However, despite the 24-hour gain, SPX still has some work to do to erase its negative weekly performance. Currently, the crypto is in the red by more than 3% on the 7-day time frame.

SPX6900 Price Trying To Overcome A Major Resistance

4-hour chart for SPX/USD (Source: GeckoTerminal)

A close examination of the crypto’s 4-hour chart reveals that SPX6900 is encountering a major resistance level at $0.7643, which it has been trading below since Feb. 16, as observed from GeckoTerminal data.

Should the crypto establish a position above this technical barrier, it could have the foundation needed to continue rising and potentially soar to as high as $0.9862 in the short term.

On the other hand, a rejection from the $0.7643 resistance due to a sudden selloff or change in trend might lead to a drop to the $0.5365. In an extremely bearish scenario, the SPX6900 price could even fall to as low as $0.3326.

Technicals Suggest The SPX6900 Price Might Keep Climbing

4-hour chart for SPX/USD (Source: GeckoTerminal)

Looking at technical indicators on the crypto’s 4-hour chart, there are signs that suggest the SPX6900 price might keep climbing in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators show that bulls are still in control.

In the last few hours, the MACD line has started to break away above the MACD Signal line following a period of stagnation. This growing gap between the two technical indicators suggests SPX is in a positive trend and its bullish momentum is picking up steam.

Meanwhile, RSI readings have spiked as well, which could be an indication of growing buyer strength. With the current reading at 67 below the overbought 70 mark, there seems to be still room for the SPX6900 price to climb before traders might start to look to take profit. However, the positive slope of the RSI line suggests buyers intend on driving the SPX6900 price higher.

As SPX tries to clear technical resistance, the presale for Meme Index (MEMEX) continues to attract investors to the first crypto product offering diversified meme coin investing.

In a recent video, popular crypto analyst and YouTuber Jacob Bury, who has over 54.9K subscribers, predicted that MEMEX could be the next 10X crypto.

The First Meme Coin-Focused Crypto Index

With so many tokens and new meme coins entering the space on a daily basis, picking the right crypto to deliver massive gains is a daunting task.

Meme Index, through its offering of 4 investment indexes, aims to simplify the process. The meme coin baskets are: Meme Titan, Moonshot, Midcap, and Meme Frenzy, each of which features meme coins grouped according to their perceived level of risk.

The least risky of the options is the Meme Titan index, which features meme coins with the largest market cap, like Dogecoin, Shiba Inu and Pepe. The Meme Frenzy index comes with the highest risk but also offers the highest potential for returns for investors who are willing to take the chance on new, small-cap meme coins.

By simply holding MEMEX tokens, investors gain access to Meme Index’s investment baskets. What’s more, MEMEX holders also get to take part in the project’s governance votes to decide which meme coins should go in each basket.

With talks of a 2025 meme coin supercycle starting to circulate online, MEMEX might be the best play for anyone looking to maximize their meme coin gains. This is especially true given the bullish predictions for MEMEX by experts like Jacob Bury.

Investors Rush To Buy MEMEX At Presale Prices

Meme Index has managed to raise over $3.8 million through its presale so far, as investors bet big on the project’s future.

Anyone that wants to participate in the presale can acquire MEMEX through the simple widget embedded on the project’s website. After buying the token, investors can also stake them for a huge 601% annual yield. .

The token is selling for $0.0164239 and can be bought with either ETH, USDT