SPX6900 (SPX)$STRAX $SPK $BMT

The price of SPX has increased by almost 32% this week, reaching $1.65. At the time of writing, it is just 7% below its all-time high of $1.77. The meme coin has been steadily rising for several weeks in a row, and its price is approaching a new high after nearly five months.

If SPX breaks through the resistance at $1.77, it could rise above $1.80, which would bolster investor optimism.

However, if market conditions worsen before reaching ATH, the price may pull back. A return to support at $1.55 would be the first sign of weakness. If this level is lost, SPX could fall to $1.40, which would invalidate the current bullish forecast and potentially reverse the upward trend.