SPX6900, the Ethereum-based memecoin, fell to around $0.99 on October 16, 2025, marking a 2.75% decline in the last 24 hours. The token had previously surged 70% in five days earlier this month, briefly approaching $1.60, but recent trading shows rising selling pressure and volatility.
Technical analysis indicates that SPX6900 is moving within a volatile trading channel, with resistance near $1.21 and support around $0.84. The Relative Strength Index (RSI) stands at 38.23, suggesting growing bearish momentum, though the coin has not yet entered oversold territory.
SPX6900 has a circulating supply of roughly 931 million tokens, with a maximum supply capped at 1 billion. Originally launched as a lighthearted project, the memecoin gained attention for its rapid price gains throughout 2024 and early 2025. Trading volume remains strong on major exchanges such as Bybit and KuCoin, driving active speculation.
Looking ahead, price forecasts are mixed. Some analysts see support at $0.84, while others cautiously expect a rebound above $1 if broader market conditions improve. Investors are warned to monitor volatility closely and consider the risks of leveraged trading associated with memecoins like SPX6900.
Despite near-term challenges, SPX6900’s community support and liquidity suggest it remains a key player in the memecoin market as Q4 2025 progresses.
