The post SPX6900 Bullish Breakout Targets $0.58 After Key Pattern appeared on BitcoinEthereumNews.com.

Key Insights: SPX6900 breaks below the neckline of head-and-shoulders, opening downside targets with $0.58 in focus. Fibonacci extensions point to support near $0.82, $0.74, and $0.66 before deeper decline unfolds. Analysts warn corrective bounce into resistance remains fragile unless price reclaims daily close above $1.00. SPX6900 Bullish Breakout Targets $0.58 After Key Pattern SPX6900 (SPX/USDT) was trading at $1.02 with a daily volume of $27.9 million. The token gained 5% in the past 24 hours but remains down 18% over the past week. Chart patterns show a completed head-and-shoulders formation, a setup often linked with potential trend reversals. The structure includes a left shoulder, a higher head peak, and a right shoulder. The neckline sits near $1.00, which was broken recently.  Analyst Ali said,  “SPX6900 $SPX is breaking out of a head-and-shoulders pattern, targeting $0.58!” Key Levels and Fibonacci Extensions Fibonacci retracement and extension levels are drawn on the chart to map possible price zones. Support levels appear around $0.82, $0.74, and $0.66. The 2.618 extension level is near $0.58, aligning with Ali’s target if selling pressure continues. Short consolidations are also outlined in the chart with dotted paths, suggesting price may pause or retest the neckline before another move. A daily close above $1.00 could challenge the bearish outlook. Corrective Bounce into Resistance Trigger Trades shared a separate view, noting a bounce into the 6619–6646 resistance zone. Price reached 6643 before pulling back.  According to Trigger Trades,  “The bounce came in 3-waves, signaling it is correct & to be SOLD.” Source: Trigger Trades/X In this setup, the next target is 6550, with the potential to extend lower toward 6350. However, a daily close above 6646 would leave open the possibility of a delay in the correction and allow room for new highs in the short term. Market Outlook The…

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Filed under: News - @ September 27, 2025 6:24 am