SPX6900 (SPX) To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

Date: Sat, June 28, 2025 | 08:59 AM GMT

The cryptocurrency market is making a steady recovery as geopolitical tensions between Israel and Iran begin to cool down. Ethereum (ETH) has rebounded sharply, climbing from its recent low of $2,113 to approach $2,425. Riding this renewed momentum, memecoins are catching a bid—especially SPX6900 (SPX).

SPX is currently posting impressive daily gains of 6%, extending its weekly rally to over 18%. But more importantly, a key technical pattern is flashing a signal for further upside.

Harmonic Pattern Signals More Upside

On the 4-hour chart, SPX is forming a bullish extension of a Bearish Butterfly harmonic pattern—a setup known for forecasting one last upside leg before a reversal zone. Despite the name, butterfly patterns can provide bullish opportunities until they reach the final D point.

The pattern begins at the local high of $1.7103 (point X), dipping to $0.9236 (point A), forming the XA leg. From there, SPX rebounded to $1.4098 (point B), a 61.8% retracement of XA. The next move down to $1.09 (point C) marked a healthy 64.0% retracement of the AB leg. Now, the CD leg is developing and pointing higher.

According to the harmonic structure, if the CD leg completes successfully, the next target is around $1.92, marked by the 1.272 Fibonacci extension of the XA leg. Beyond that, the 1.618 extension at $2.19 also comes into play—often viewed as a final exhaustion zone for butterfly setups.

What’s Next for SPX?

Currently trading around $1.25, SPX is approaching a critical test of the 100-day moving average at $1.31. A confirmed breakout above this level could open the door to a move toward $1.92, offering nearly 52% upside from current prices. If bullish momentum continues across the broader crypto market, SPX could even overshoot toward the 1.618 extension at $2.19—a 73% potential gain from here.

However, if SPX fails to hold above the $1.09 support zone or gets rejected below the 100 MA, a period of sideways consolidation or a short-term pullback might follow before any sustainable move resumes.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

Written by

Nilesh Hembade

Nilesh Hembade is the Founder and Author of Coinsprobe, with 5+ years of experience in cryptocurrency and blockchain. Since launching the platform in 2023, he delivers daily, research-driven insights through market analysis, on-chain data, and technical research. His work has been featured on Binance, Bitget, and CoinMarketCap. He is also certified through Binance Academy (NFT Certificate).

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