SPX6900 has just established a new record high price, with whales making significant profits from this price increase.
However, on-chain data shows that many investors are still maintaining profits and market sentiment indicates the possibility of continuing the bullish wave, although momentum has somewhat weakened around the peak price.
MAIN CONTENT
Whales of SPX6900 have locked in profits of 2.53 million Tokens, earning 4.46 million USD when the price hit ATH.
Profit-taking sentiment dominates, with 74% of investors holding from 1 month to 1 year.
The price of SPX6900 is still supported by the upward trendline from March, which may continue the upward momentum or a short-term correction.
Is SPX6900 forming a correction trend after setting a new peak?
On-chain data and technical charts show that SPX6900 has been maintaining an upward trend since March 11, 2025, when the price tends to bounce up each time it approaches gradually rising support. However, the upward momentum weakens as it reaches a record high price of 1.83 USD.
The temporary halt of SPX price around the new peak indicates caution, which may lead to a light correction or a preparatory step for the next breakout.
Mr. Nguyen Viet Hung, CEO of Onchain Lens, 20/07/2025
SPX6900 is completing the upward triangle pattern, warning of the possibility that the price will retest support before continuing to break out or decrease in the short term if it loses the trendline.
A negative scenario that may occur is that SPX6900 breaks the upward triangle pattern, causing strong selling pressure from whales and large investors, moving the price towards a short-term bearish trend.
Who is controlling the volume of SPX6900 Tokens and how does it affect the trend?
Recent data recorded a whale depositing 2.53 million SPX6900 Tokens on Bybit, making a profit of 4.46 million USD when the price peaked. However, this whale still holds a Token amount worth over 11 million USD at this time.
14 large whales currently hold 40% of the total SPX6900 Tokens, each holding more than 1% of the circulating supply, indicating a strong price-determining force in the market.
Analysis from IntoTheBlock, July 2025
In addition, the sentiment of small investors remains very positive with 74% of traders holding Tokens from 1 month to 1 year, very few holding for more than 1 year. This indicates a focus on short to medium-term profits, setting the stage for price volatility.
What are the important support areas for SPX6900 to maintain its upward momentum?
According to statistics from IntoTheBlock, the two most notable support areas are in the range of 0.57–0.72 USD and 0.00024–0.05 USD, with thousands of addresses holding Tokens, especially from the early issuance phase.
Recent support is concentrated around the price range of 1.00–1.32 USD, which may be a price anchoring point before the next volatility.
These price zones play an important role in keeping the price of SPX6900 from easily declining sharply, while also instilling confidence for investors to maintain their positions when the market fluctuates.
What is the sentiment and holding strategy of SPX6900 investors?
Market sentiment is currently quite enthusiastic but not hasty. 74% of traders hold Tokens in the medium term from 1 month to 1 year, reflecting a trend towards sustainable profit-seeking.
This is reinforced by the fact that only 3% of investors hold Tokens long-term for more than 1 year. Large whales with strong influence are determining the price trend in the short term.
Will the price of SPX6900 rise or fall next?
Currently, SPX6900 is still maintaining an upward trend and is supported by the upward price trendline from March 2025. However, the momentum indicator has started to weaken as the price reaches a new peak at 1.83 USD.
If the price breaks out of the forming upward triangle, it may shift to a short-term bearish trend due to selling pressure from large investors.
The current issue is to monitor the support levels and holding sentiment of whales to forecast the next trend of SPX6900.
Frequently Asked Questions
What is SPX6900 and why is it being noticed?
SPX6900 is a prominent cryptocurrency token with impressive growth performance, attracting many whales and investors in the market thanks to its sustainable economic model and attractive profits.
How do SPX6900 whales affect the price?
Whales holding large amounts of Tokens can create significant selling or buying pressure in the short term due to their ability to trade large volumes and influence market sentiment.
What is the short-term price outlook for SPX6900?
The price is still maintaining an upward trend but may see a correction if the support of the triangle is broken. Investors need to closely monitor price movements and market momentum.
How to analyze the investor sentiment of SPX6900?
On-chain data shows that most hold Tokens in the medium term, with few holding long-term, indicating that short to medium-term profit-making strategies dominate this market.
What indicators should I monitor to evaluate SPX6900?
It is advisable to observe the support trendline, the upward triangle price pattern, the RSI momentum, while monitoring whale trading to forecast reliable price fluctuations.
Source: https://tintucbitcoin.com/memecoin-van-manh-du-ca-voi-chot/
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