Why Is SPX6900 Pumping? Price Jumps 11% but What’s Next?

TL;DR

• SPX6900 worth rallies 20% in per week, holding above key trendline with $94M in every day quantity.
• Social dominance for the meme coin hits a 2-month excessive at 0.913%, reflecting elevated on-line consideration.
• Regardless of the worth surge, lively and new handle counts fall, signaling decreased person participation.

SPX6900 Extends Weekly Positive aspects With Recent Momentum

SPX6900 (SPX) is buying and selling at $1.42 as of press time, rising 8% up to now 24 hours. This transfer follows an earlier 11% enhance, bringing its 7-day acquire to round 20%. The present market cap stands at $1.32 billion, based mostly on a circulating provide of 930 million tokens.

Day by day buying and selling quantity reached $94.4 million, with worth motion ranging between $1.28 and $1.44, based mostly on Coingecko knowledge. SPX6900 continues to be down 17.8% from its all-time excessive of $1.73, recorded on June 11, 2025. The broader pattern stays upward, supported by latest market curiosity and social exercise.

Apparently, according to Santiment, SPX6900’s social dominance has reached 0.913%, the very best stage in over two months. This metric displays the share of on-line discussions throughout main crypto media platforms associated to SPX in comparison with different tokens.

In the meantime, the rise in visibility has coincided with stronger market efficiency. Because the coin garners extra consideration, each new and present merchants seem extra lively, regardless of general community exercise displaying some indicators of slowing.

SPX Holds Trendline Help as Resistance Nears

The meme coin continues to observe a rising trendline that’s been in place since Might, displaying regular upward strain. The worth is hovering slightly below $1.36, a zone that has acted as resistance in latest weeks. This space additionally traces up with a key Fibonacci stage, making it an necessary level for merchants to look at.

If the worth closes above $1.36 with quantity, it may transfer towards $1.56, the place earlier rallies have stalled. The RSI is at the moment studying 58.29, which leans bullish with out displaying overbought situations.

Momentum stays intact so long as the worth stays above the trendline. Any drop beneath $1.17 would weaken the construction. For now, consumers seem like in management.

Tackle Exercise Traits Decrease Regardless of Worth Surge

IntoTheBlock knowledge shows whole addresses have reached 1.56K. New addresses are at 172, although they’ve dropped by 8.44% over the past seven days. This factors to slowing progress in new person participation.

Lively addresses have declined by 9.40% in the identical interval, with the rely at 1.23K. Zero stability addresses are at 157, down 2.92%, which may mirror some person exits or consolidation of holdings.

Regardless of falling handle metrics, the worth stays sturdy, pushed by elevated short-term curiosity.