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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Analysts say that the Solana ecosystem meme coin SPX6900(SPX) is expected to break through.
According to Gate News bot, as reported by Cryptodnes, crypto assets chart analyst "Bluntz" believes that the Solana memecoin SPX6900 (SPX) is poised for a significant breakthrough after completing what he calls a classic BCH pullback.
According to this analyst, the token's pullback to its historical high is a bullish signal, indicating that it has laid a solid foundation for the next round of increases. Bluntz uses Elliott Wave Theory to interpret price movements and states that the structure of SPX points to an increase to $2.10, well above its current $1.47.
As of the time of writing, SPX has risen over 17% in the past 24 hours, reinforcing his view that the token is regaining momentum. Given that SPX's market capitalization is still below $1 billion, Bluntz believes it has even greater upside potential, especially as Solana-based tokens continue to attract speculative interest.