SPX (SPX6900) has risen 3.14% in the last 24 hours.

Gate News Bot news, July 14, according to CoinMarketCap data, as of the time of writing, SPX (SPX6900) is currently priced at $1.58, with a rise of 3.14% in the last 24 hours, reaching a high of $1.71 and a low of $1.23. The current market capitalization is approximately $1.471 billion, an increase of $44.8 million compared to yesterday. Currently, SPX ranks 59th in global Crypto Assets market capitalization.

SPX6900 is a multi-chain token project with a total supply of 1 billion coins, currently circulating at 931 million coins. The project utilizes Wormhole bridging technology to enable cross-chain functionality, supporting multiple public chains such as Ethereum, Solana, and Base. SPX6900 is positioned as the "People's Stock Market," aiming to provide a brand new financial dream platform for a new generation of investors.

Important recent news about SPX:

1️⃣ Bitcoin hitting a new high boosts market sentiment Bitcoin has broken its historical high, reaching $112,040, which has boosted the overall Crypto Assets market sentiment. This favorable factor has also driven a strong rebound in meme coins such as SPX, with SPX prices experiencing a significant rise in the short term.

2️⃣ Technical indicators show signs of a breakthrough The SPX price has broken through the ascending triangle pattern on the 4-hour chart and successfully surpassed the 78.6% Fibonacci retracement level of $1.5639. This technical breakthrough opens up further pump space for the SPX, with the next target potentially being the June 11 high of $1.7407.

3️⃣ Multi-chain deployment strategy continues to show advantages The deployment of SPX6900 across multiple blockchain networks such as Ethereum, Solana, and Base not only expands the coverage of liquidity but also effectively avoids potential network congestion issues that may arise on a single chain. This multi-chain structure enhances the scalability and adaptability of SPX, helping it maintain competitiveness in different market environments.

From a technical perspective, SPX is currently at a critical position. The RSI indicator has entered the overbought zone, and the MACD indicator shows that the upward trend momentum is strengthening. However, investors should be wary of potential pullback risks, especially if the price fails to maintain above $1.5639. The important support level is around $1.35, and if broken, it could trigger further pullback.

This message does not constitute investment advice; investors should be aware of market volatility risks.