On 14 June, on-chain flows only show more than $ 6.4 million in net outbows, with extra daily outputs up to and including 17 June. Coinbase saw light inflow (~ $ 367k), but Kraken and OKX registered considerable net outputs, which confirmed that the move was not a retail driven accumulation but strategic loading.
SPX6900 Price forecast: bouncing or demolishing?
SPX Coin acts at $ 1.39. Support of $ 1.30 can see the price test $ 1.50 and possibly the ATH of $ 1.71 by the end of June retarets. An outbreak can push SPX to $ 2.00.
If $ 1.30 failed, goals include $ 1.18 and $ 1.05 (FIB retracement levels).
For now, SPX shows signs of stabilization. Traders must look forward to volumes in the vicinity of $ 1.50 and RSI flattening to confirm the bullish continuation.
The Rally of SPX6900 followed the technical structure and the cooldown reflects a healthy market trotation. An outbreak or breakdown in upcoming sessions will define the next meme cycle bone.