SPX6900 Price Prediction – Which Meme Coins Are Undervalued Right Now?
The post SPX6900 Price Prediction – Which Meme Coins Are Undervalued Right Now? appeared on BitcoinEthereumNews.com. The highly anticipated altseason is finally underway, as evident by the rapidly falling Bitcoin Dominance (BTC.D) and a strong rally in the ETHBTC trading pair. Capital is rotating out of Bitcoin and into higher-beta altcoins, with meme coins leading the charge once again. The popular Solana meme coin, SPX6900 (SPX), is back among the top gainers, hitting a new all-time high of $1.90 late on Wednesday. The SPX price surged by over 12% on Wednesday despite a pullback in the closing hours. With a broad-based altcoin rally now underway, sidelined investors are rushing to invest in undervalued meme coins. Considering that the likes of Dogecoin and Shiba Inu can only offer limited returns due to their high market capitalization, smart money investors are heavily investing in mid-caps like Moo Deng and Useless Coin and low caps like TOKEN6900. SPX6900 Price Prediction – FOMO Buy Now or Wait For a Better Entry? SPX6900 continues to be one of the best meme coin investments, further confirming that no-utility memes like Pepe and Fartcoin will be among the top performers of this bull cycle. After nearly a week of consolidatory price action, the SPX price hit another all-time high, peaking at $1.90 and a fully diluted market capitalization of $1.90 billion. SPX broke through the key $1.70 resistance level in Wednesday’s rally. Moreover, the meme coin appears to be moving within an ascending broadening wedge, as is shown in the price chart above. SPX6900 appears to have rejected from the upper trendline of the wedge, and could therefore see a pullback to the $1.70 S/R level. A successful retest of this support would present an excellent buying opportunity and prevent a deeper pullback to the lower trendline. On the contrary, sidelined investors can also buy if the meme coin breaches the upper trendline…
The post SPX6900 Price Prediction – Which Meme Coins Are Undervalued Right Now? appeared on BitcoinEthereumNews.com.
The highly anticipated altseason is finally underway, as evident by the rapidly falling Bitcoin Dominance (BTC.D) and a strong rally in the ETHBTC trading pair. Capital is rotating out of Bitcoin and into higher-beta altcoins, with meme coins leading the charge once again. The popular Solana meme coin, SPX6900 (SPX), is back among the top gainers, hitting a new all-time high of $1.90 late on Wednesday. The SPX price surged by over 12% on Wednesday despite a pullback in the closing hours. With a broad-based altcoin rally now underway, sidelined investors are rushing to invest in undervalued meme coins. Considering that the likes of Dogecoin and Shiba Inu can only offer limited returns due to their high market capitalization, smart money investors are heavily investing in mid-caps like Moo Deng and Useless Coin and low caps like TOKEN6900. SPX6900 Price Prediction – FOMO Buy Now or Wait For a Better Entry? SPX6900 continues to be one of the best meme coin investments, further confirming that no-utility memes like Pepe and Fartcoin will be among the top performers of this bull cycle. After nearly a week of consolidatory price action, the SPX price hit another all-time high, peaking at $1.90 and a fully diluted market capitalization of $1.90 billion. SPX broke through the key $1.70 resistance level in Wednesday’s rally. Moreover, the meme coin appears to be moving within an ascending broadening wedge, as is shown in the price chart above. SPX6900 appears to have rejected from the upper trendline of the wedge, and could therefore see a pullback to the $1.70 S/R level. A successful retest of this support would present an excellent buying opportunity and prevent a deeper pullback to the lower trendline. On the contrary, sidelined investors can also buy if the meme coin breaches the upper trendline…
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