SPX6900 Price Surges 8%, But Traders Buy This PEPE Alternative

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The SPX6900 price surged 8% in the past 24 hours to trade at $0.7340 as of 8:18 p.m. EST on trading volume that jumped 29% to $55.8 million, according to CoinGecko.

SPX6900 Aims For A Sustained Breakout

The SPX/USDT chart analysis on the 6-hour timeframe shows that the SPX6900 price is consolidating within a sideways pattern. This range is defined roughly between $0.55 and $0.75, indicating indecision among market participants. Despite earlier volatility, including a sharp sell-off to $0.46, the price of SPX6900 has stabilized and oscillated within this range since early December.

Recently, the SPX6900 price broke above the 200-day Simple Moving Average (SMA) in purple and the 50-day SMA in green. This suggests a potential bullish bias emerging from the consolidation zone, provided the price can hold above these averages.

However, as the market remains range-bound, traders should remain cautious until a definitive breakout occurs.

The Relative Strength Index (RSI) is hovering around 53, slightly above the neutral level of 50. This suggests mild bullish momentum but no overbought conditions, leaving room for further upside within the range.

In the short term, the price of SPX6900 will likely continue testing the sideways range’s boundaries. If the SPX price manages to hold above the $0.75 resistance and break out with strong volume, the next target could be around $0.80 or higher, signaling the start of a new uptrend.

SPX6900 Price

SPX/USDT Chart Analysis (Source: Tradingview)

Conversely, failure to sustain above $0.67 (the range support and near the 200-period SMA) could see the SPX6900 price revisit lower levels, with $0.60 and $0.42 acting as key support zones.

As the SPX6900 price bulls search for a sustained breakout, investors are piling into a new Pepe alternative called Wall Street Pepe (WEPE), which Cryptonews, a popular crypto YouTube channel with over 13K subscribers, says could be the next massive degen play.

Wall Street Pepe Heads For $35 Million

Wall Street Pepe is on track to be the top meme coin presale of the year after raising $34.3 million in a little more than two weeks.

Wall Street Pepe combines humor with real-world utility, transforming the iconic Pepe the Frog meme into a Wall Street professional – dressed in a suit and sunglasses – who provides his WEPE Army of followers with cutting-edge investment advice.

The Wall Street Pepe trading platform gives retail traders the same insights as big crypto players. This private trading group has access to market signals, tips, strategies, and more.

Welcome to the fam. 🐸 ⚔️ pic.twitter.com/uSoEfKvt7I

— Wall Street Pepe (@WEPEToken) December 20, 2024

WEPE detests whale investors who trade in secretive insider groups and his aim is to level the playing field for the little guys.

Wall Street Pepe also offers a staking platform with an attractive 38% Annual Percentage Yield.

You can buy WEPE tokens from the official website for $0.0003653 using ETH, USDT, or a bank card. Buy before a price hike in less than 24 hours to lock in the best deal.

Purchase WEPE tokens here.

Newest Meme Coin ICO – Wall Street Pepe