Date: Tue, June 24, 2025 | 05:26 AM GMT
The cryptocurrency market is bouncing back sharply as geopolitical tensions between Israel and Iran show signs of cooling. Ethereum (ETH) led the rally with a strong 7% surge, climbing back near the $2,400 level. Memecoins are also catching the bullish wave — and one of the top performers is SPX6900 (SPX).
SPX soared by an impressive 28% in the last 24 hours, and the technical chart is flashing a powerful bullish signal — a potential “Power of 3” pattern that could hint at much more upside to come.
Power of 3 Pattern in Play
On the 4-hour chart, SPX is shaping a textbook Power of 3 formation, a price behavior model often seen in smart money-driven markets. The pattern consists of three phases: Accumulation, Manipulation, and Expansion.
Accumulation Phase: Between June 8 and June 20, SPX moved sideways within a tight range between $1.31 and $1.71. This was the accumulation phase — where large players quietly built positions without drawing attention. The price showed low volatility and no clear direction, forming a clean rectangular zone on the chart.
Manipulation Phase: On June 20, SPX broke below the range support with a sharp fall to $0.92, shaking out retail holders through fear and triggering stop-losses. This “manipulation” move is a common feature of the Power of 3 pattern — designed to trap sellers before the real move begins.
Expansion Phase Next?
Right after hitting the lows, SPX bounced hard, reclaiming the key $1.31 level — the lower boundary of the original accumulation range. This bounce may mark the start of the Expansion Phase, where price moves strongly in the real intended direction: up.
What’s Next for SPX?
If SPX continues to hold above the $1.31 range and successfully breaks out above $1.71 — the top of the previous consolidation — the Power of 3 pattern will be confirmed. The projected target? Around $2.50, calculated by measuring the height of the accumulation zone and extending it from the breakout point. That’s a possible 89% upside from current levels.
However, traders should remain cautious. While the pattern is developing cleanly, confirmation through a breakout above $1.71 with strong volume is key to validating this bullish setup.
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