SPX6900 (SPX) Price Prediction: Harmonic Pattern Hints at 73% Rally Potential

SPX6900 (SPX) Price Forecast: Bullish Harmonic Pattern Points to Major Upside Potential

The cryptocurrency market is stabilizing as geopolitical tensions between Israel and Iran ease. Ethereum (ETH) has led a strong bounce, rallying from $2,113 to nearly $2,425. Riding this wave of renewed bullish sentiment, memecoins like SPX6900 (SPX) are gaining significant traction.

SPX6900 Price Action and Market Momentum
SPX is currently trading around $1.25, up 6% on the day and over 18% for the week. More importantly, technical indicators are flashing strong bullish signals—specifically, a key harmonic pattern that suggests further upside could be on the horizon.

Harmonic Pattern Analysis: Bullish Butterfly Extension in Play
On the 4-hour chart, SPX is forming an extended Bullish Butterfly harmonic pattern. Despite its name, this pattern can precede bullish moves until the final "D" point is reached—often a reversal zone.

Here’s a breakdown of the harmonic setup:

• Point X: $1.7103 (local high)

• Point A: $0.9236

• Point B: $1.4098 (61.8% retracement of XA)

• Point C: $1.09 (64% retracement of AB)

• Point D Target: $1.92 (1.272 Fibonacci extension of XA)

• Extended Target: $2.19 (1.618 Fibonacci extension—commonly a final exhaustion point)

SPX Price Prediction: What’s Next?
SPX is approaching a crucial resistance level—the 100-day moving average at $1.31. A confirmed breakout above this level could trigger a rally toward $1.92, representing a potential gain of 52% from current prices. If bullish momentum continues in the broader crypto market, SPX may even reach the extended target of $2.19—a 73% upside.

However, failure to break above the 100 MA or a drop below the $1.09 support level could lead to sideways consolidation or a short-term correction before the next move higher.