Murad, a well-known crypto influencer, has been predicting a meme coin SuperCycle, and we recently experienced a glimpse of it as SPX6900 crypto and other meme coins surged to billion-dollar market caps.
Crypto influencer Murad has been predicting a meme coin superCycle, which we recently saw a glimpse of as SPX6900 crypto and other meme coins surged to billion-dollar market caps.
SPX meme coin price analysis:
SPX6900 price analysis shows that the meme coin has been in a correction after reaching a local high of $1.0, currently trading at $0.6071. Key support is at $0.4554, which has seen strong buying interest with multiple attempts at an upward move. Resistance is at $0.6071, where the price has faced multiple rejections, indicating strong selling pressure. But now the price seems to hold above it after breaking the resistance.
(SPXUSDT)
SPX6900 price analysis: 100-period moving average (0.59) is acting as a dynamic resistance, and SPX price should remain above the MA to sustain a bullish trend. Volume has been declining, signaling indecision among traders. A significant increase in volume could indicate a potential reversal. However, SPX is accustomed to impressive rallies, and with strong community support and backing from a well-known influencer like Murad, it’s likely only a matter of time before a significant price surge occurs.
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