Market Direction

SPX6900 price prediction today: Will it hit $0.70 or pull back?

Published: Oct 11, 2024

SPX6900 is in a bullish pennant, targeting $0.70 as the upside. Will it break out or pull back to $0.40 today? Here's the latest price prediction and analysis.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

What. A. Move.

Note, we're assessing SPX here on a 4hr timeframe chart just to give us more candle stick information.

SPX is in a major uptrend and is now forming a bullish pennant pattern. If the price were to break out, the upside target would be a retest of the all-time highs.
On the downside, we have support at $0.40 and $0.48. However, if SPX does go through a major pullback at some point (like most memes do), then it's possible we will see lower.

9. SPX price chart on a 4-hour timeframe, showing a bullish pennant formation and potential breakout.

Next Support: $0.40
Next Resistance: $0.69
Direction: Neutral/Bullish
Upside Target: $0.70 (short-term)
Downside Target: $0.40

Cryptonary's take

Just an unbelievable run, in my Crypto career so far, I haven't seen many things run like this. Crazy. It's possible that SPX has a major pullback at some point, however it's currently set up in a bullish pennant that could see price break to the upside and potentially retest all-time highs. Let's see what we get.