The token, which aims to overthrow the S&P 500, recently experienced a spectacular rise of over 40%<\/strong> in less than 48 hours, jumping from $0.90<\/strong> this Tuesday to a peak of $1.26<\/strong>. This performance isn’t just a stroke of luck, but the result of a combination of solid technical factors and a community that has made conviction its primary ‘meme’.<\/p>\n\n\n\n The technical analysis of SPX6900<\/strong> reveals a powerful rebound above a historical demand zone, located between $0.69 and $0.85<\/strong>. This zone acted as a true springboard, propelling the price beyond the psychological resistance of $1<\/strong>.<\/p>\n\n\n\n This rise was largely driven by significant accumulation from “whales” (the largest wallets). In one week, they acquired more than 760,000 SPX tokens<\/strong>, a strong sign of confidence in the asset’s medium-term potential.<\/p>\n\n\n\n This renewed interest is also visible in the derivatives markets. Open interest on SPX futures contracts climbed 15%<\/strong> in ten days to reach $90 million<\/strong>, confirming the influx of new capital and a widespread bullish sentiment. The breakout from a descending channel in place since late July suggests a possible trend reversal, with the next major resistance at $1.46<\/strong> in sight.<\/p>\n\n\n\n On the 3-day chart, SPX is about to break a trendline with a target of $1.8<\/strong> in the coming weeks.<\/p>\n\n\n\n SPX6900 could reach $10<\/strong> in the coming months thanks to whales. Currently, alongside PENGU, it’s the best-performing memecoin in the market since the beginning of the year. Its 40%<\/strong> rebound shows that interest remains strong.<\/p>\n\n\n\nTechnical Bounce Fueled by Whales<\/h2>\n\n\n\n
![\"SPX6900](\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/10\/image-4.jpeg\")
<\/figure>\n\n\n\nSPX Heading to $10 ?<\/h2>\n\n\n\n