Date: Mon, July 14, 2025 | 11:05 AM GMT

The cryptocurrency market has entered historic territory today, with Bitcoin (BTC) soaring to a new all-time high of $123,000. Ethereum (ETH) is riding this bullish momentum too, posting an 19% weekly gain. This wave of bullishness is lifting major memecoins including SPX6900 (SPX).

$SPX has posted a 12% gains today which extended its weekly rally to 24%. But what’s really catching the attention is the brewing of a bullish pattern that could signal trigger a bullish rally.

Source: Coinmarketcap

Cup and Handle Pattern in Play

SPX has jumped 11% today, extending its weekly rally to 23%. But what’s really attracting attention is the classic “Cup and Handle” pattern unfolding on its daily chart — a widely recognized bullish continuation pattern.

The “cup” formed over several months, beginning with a sharp decline from the $1.70 area, followed by a rounded bottom near $0.25. SPX then gradually recovered, completing the rounded base and entering the “handle” phase — a short-term pullback that shook out weak hands before resuming higher.

SPX6900 (SPX) Daily Chart/Coinsprobe (Source: Tradingview)

Just recently, SPX bounced strongly from the lower boundary of the handle formation near $0.92 and has now surged back up, retesting its neckline resistance area between $1.64 and $1.75.

What’s Next for SPX?

SPX is now pressing against a critical neckline zone. If bulls manage to push the price decisively above $1.75, it would confirm the breakout of the Cup and Handle pattern — a move that could trigger an explosive rally.

According to technical projections, a successful breakout could send SPX toward the $3.20+ region, which represents nearly a 90% upside from the current price. Such a breakout could attract fresh momentum traders, especially if accompanied by high volume.

However, after a breakout, a potential pullback or retest of the $1.64–$1.75 zone may occur. If this area flips into support, it would confirm the bullish move and strengthen the case for the rally continuation.

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