Date: Tue, Nov 25, 2025 | 05:30 PM GMT
The cryptocurrency market is slowly recovering after last week’s sharp volatility, where Ethereum (ETH) dropped to a low of $2622 before bouncing back above $2900. This rebound has pushed several major memecoins into green territory, including SPX6900 (SPX).
$SPX is currently up by an impressive 7% over the last 24 hours, and its latest 4-hour price setup suggests that a larger move could be taking shape if momentum continues to build.
Source: Coinmarketcap
Harmonic Pattern in Play
On the 4-hour timeframe, SPX is developing a Bearish Cypher harmonic pattern — a formation that often triggers a strong bullish wave before reaching the pattern’s final completion point. While the Cypher is technically a bearish structure, its CD leg is known for delivering aggressive upside moves before the price tests the Potential Reversal Zone (PRZ).
The formation started at Point X near $0.7555, followed by a decline to Point A, a rebound into Point B, and then a deeper drop to Point C around $0.4339. From this low, SPX began a notable recovery, pushing above the 100-day moving average (MA) at $0.5616 — a key signal that bullish momentum is strengthening.
SPX6900 (SPX) 4H Chart/Coinsprobe (Source: Tradingview)
What’s Next for SPX?
According to the harmonic projection, SPX may continue climbing toward the PRZ — a crucial zone between $0.6894 (the 0.786 Fibonacci extension) and $0.7555 (the 1.0 extension). This area represents the completion of the Bearish Cypher pattern and is typically where traders anticipate heavy resistance and potential profit-taking.
However, if SPX fails to sustain above immediate support at $0.53, near-term momentum may fade, leading to a period of sideways action or minor pullback before bulls attempt another breakout.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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