SPX6900 Flashing Bullish Pattern Signals—Will This Technical Setup Drive Higher?

Date: Sun, Dec 28, 2025 | 09:40 AM GMT

The crypto markets are holding steady, with Bitcoin (BTC) and Ethereum (ETH) maintaining upward momentum. This stability across major cryptocurrencies is supporting positive sentiment, allowing certain altcoins and memecoins—particularly SPX6900 (SPX)—to develop promising technical configurations.

SPX is currently showing modest intraday gains, but what’s more telling is the underlying price structure taking shape. The token appears poised at a critical juncture, with buyers emerging at meaningful support levels after weeks of relentless selling pressure. This suggests the worst may be behind us.

Repeated Support Creates a Critical Technical Signal

The key technical development unfolding on SPX’s daily chart is a double bottom pattern—a classic bullish reversal formation that frequently marks the conclusion of extended downtrends. Here’s what happened:

The first low materialized in November around the $0.45 mark. From there, price rallied and approached resistance near $0.7389 in early December. However, sellers rejected this advance, pushing SPX back down to retest that $0.45 support zone. The critical detail: buyers stepped in again at the identical level, preventing any significant breakdown.

SPX has since recovered toward $0.5045 (with current readings near $0.57). This repeated defense of the same support is textbook accumulation behavior—a sign that selling pressure is drying up while demand gradually absorbs available supply.

What Needs to Happen Next

For the bullish case to accelerate, SPX must clear the 50-day moving average, currently sitting around $0.5770. Breaking above this threshold would signal a meaningful shift in near-term momentum and open the door for a retest of the $0.7389 neckline.

A clean breakout through the neckline—confirmed by a successful retest—would validate the double bottom pattern’s completion. If that unfolds, technical projections target approximately $1.02 as the next substantial resistance zone, marking a significant advance from current levels.

The $0.45 support zone remains the line in the sand. As long as SPX holds above this area, the bullish structure remains intact and the risk-reward setup looks favorable for continued upside attempts.

The Bigger Picture

SPX’s technical setup is displaying constructive characteristics. The combination of a defined double bottom, recurring buyer support at identical lows, and proximity to the moving average suggests we’re potentially witnessing an inflection point. The token appears ready to transition from the accumulation phase into a new expansion cycle.

This bullish pattern emerging at a key technical level warrants close monitoring for traders positioned to capitalize on the next leg higher.

Source: Coinmarketcap, Tradingview