SPX6900 (SPX) price has surged nearly 30% in the last 24 hours, pushing its market cap close to $1.3 billion and solidifying its position as one of the biggest meme coins. This rapid increase has also driven SPX’s RSI to its highest level since January 19, signaling strong buying pressure but approaching overbought territory.

Meanwhile, Smart Money activity shows a net inflow of $35,096, suggesting growing interest from influential traders. Whether SPX continues its uptrend toward $1.8 or faces a correction depends on key resistance and support levels in the coming days.

SPX RSI Rises Without Crossing Overbought Threshold

SPX6900 RSI surged from 43.5 to 66 in just one day following its recent 30% price increase. That surge also placed SPX in the 6th place among the biggest meme coins in the market. The RSI (Relative Strength Index) is a momentum indicator that measures the speed and magnitude of price movements on a scale of 0 to 100.

Readings below 30 indicate an asset is oversold, while levels above 70 suggest it is overbought. A rising RSI reflects increasing bullish momentum, while a declining RSI signals weakening strength or potential price corrections.

SPX6900 RSI is now at 66, its highest level since January 19, signaling strong buying pressure. While it has not yet reached the overbought threshold of 70, it is approaching a level where traders may start watching for potential exhaustion.

If RSI continues rising past 70, SPX price could see further upside but may also become vulnerable to a pullback. However, if RSI stabilizes near this level, it could indicate sustained bullish momentum, allowing the uptrend to continue.

Smart Money Records $35,000 Net Flow in SPX

In the last 24 hours, two Smart Money addresses accumulated SPX, with one purchasing $3,104 and the other buying $52,287. Meanwhile, another Smart Money address sold $20,295 worth of SPX.

Tracking these wallets is crucial because Smart Money refers to institutional or high-net-worth traders with a history of making profitable moves. Their buying or selling activity can provide insights into market sentiment and potential price direction, as they often act ahead of broader retail traders.

The recent Smart Money inflows suggest growing interest in SPX, as the total buying volume exceeded selling volume. While one wallet offloaded SPX, the larger accumulation signals confidence from key players.

If this trend continues, it could indicate increasing demand, supporting SPX price appreciation. However, if selling pressure rises among Smart Money wallets, it could suggest a shift in sentiment, potentially leading to a reversal.

SPX Price Prediction: Will It Test $1.5 Soon?

SPX price chart indicates that its EMA lines are on the verge of forming a golden cross, a bullish signal that could strengthen upward momentum. If this crossover happens, SPX could test resistance at $1.55, and a breakout above this level could push the price toward $1.8.

A golden cross typically suggests a shift in trend, reinforcing buyer confidence and attracting more interest. The next few sessions will be crucial in determining whether SPX price can sustain its recent gains and continue its upward trajectory.

However, if the current hype fades and buying pressure weakens, SPX price could reverse its trend and test support at $1.23.

A break below this level could accelerate selling, potentially dragging the price down to $0.96. If this scenario unfolds, SPX risks losing its spot among top meme coins to FARTCOIN, FLOKI, and WIF.

Fairshake, the pro-crypto super PAC, currently has $116 million to influence elections in the 2026 US midterms. Several major donors who supported this effort during the 2024 elections have redoubled their donations.

At the moment, it doesn’t seem clear which senates will become the highest-priority targets. Since Kamala Harris endorsed crypto and lost, anti-industry sentiment has been much quieter in Congress, but a few opponents remain in power.

Fairshake Stockpiles for the Midterms

Fairshake, the pro-crypto Super PAC, is stockpiling resources for the midterms in 2026. According to a report from CNBC, the group currently has a war chest of $116 million to compete in these races.

Right after Trump won the Presidential election in November, a16z donated $25 million for this purpose, and other donations brought the total to $103 million.

However, more donations are likely. Elections can be very expensive in the current US political environment. In the 2024 cycle, Fairshake spent around $180 million to influence national races, and the midterms will be just as important.

In addition to electing President Trump, Fairshake’s political contributions also helped down-ballot candidates like Bernie Moreno.

“With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.

Previous Fairshake donors, such as Coinbase, doubled down on their support, building new reserves for the midterms. According to CNBC, several additional big-name supporters like Ripple and Uniswap have provided new contributions for this purpose alone.

However, this does beg one question: who are they going to challenge with this money?

Crypto Industry Holds the Cards in US Elections

In the last Presidential election, Kamala Harris was more reluctant to embrace crypto than Donald Trump, but she eventually ran as a pro-crypto candidate.

Indeed, she even received high-level donor support from influential figures in the space, albeit less than Trump. If the Democrats continue their reconciliation with crypto into the midterms, who will Fairshake target?

There are some candidates that come to mind. First of all, a few outspoken crypto opponents like Senator Elizabeth Warren remain in Congress and continue to rail against Trump’s policies.

Since launching the TRUMP meme coin, several Representatives have called for a probe into possible criminal activity. Fairshake could fund races against these figures in the midterms.

However, there is another possible option. The Republicans have generally coalesced around Trump’s pro-crypto messages, but there are complications.

For example, a few elected officials have vocally supported the industry since the election despite opposing it beforehand. The threat of Fairshake spending could keep the half-hearted converts in line.

Ultimately, the midterms are nearly two years away, and Fairshake will have ample time to prepare. Regardless of which races take the highest priority, the super PAC will be ready to influence them.

Cardano (ADA) price is up 6% in the last 24 hours, bringing its market cap to $34 billion as it attempts to reclaim the $1 level. Despite this short-term gain, ADA’s trend remains uncertain, with technical indicators showing mixed signals.

The ADX suggests weak momentum, while whale accumulation has remained stable, indicating a lack of strong buying pressure. Whether ADA continues its recovery or faces another pullback will depend on key support and resistance levels in the coming days.

Cardano Lacks Clear Trend

Cardano ADX is currently at 15.3, down from 22.2 three days ago after it announced a roadmap of upcoming changes. The ADX (Average Directional Index) measures trend momentum, with values below 20 signaling weak or non-existent trends, while readings above 25 indicate a developing trend.

When ADX rises above 40, it reflects strong momentum in either direction, but the current drop suggests that ADA’s trend has lost strength and is entering a more indecisive phase.

With ADX at 15.3, ADA is in a consolidation period with no clear bullish or bearish momentum. This suggests that price movements may remain range-bound until ADX begins to rise again.

If momentum strengthens and ADX moves back above 25, it could indicate the start of a new trend. However, as long as ADX remains low, ADA price is likely to continue trading sideways without a strong directional move.

ADA Whales Stopped Accumulating

The number of ADA whale addresses – wallets holding between 1 million and 10 million ADA – currently stands at 2,473, remaining within a tight range of 2,465 to 2,476 over the past 15 days.

Tracking these whales is important because large holders can significantly impact market liquidity and price action. An increase in whale addresses often signals accumulation, while a decline may indicate distribution or selling pressure.

The stability in Cardano whale addresses suggests that large holders are neither aggressively accumulating nor offloading their positions. This follows a surge from 2,453 to 2,483 between January 9 and January 14, indicating that whales previously increased their holdings before leveling off.

The current consistency may imply a wait-and-see approach, where whales are positioning themselves for the next major move rather than actively shifting their exposure. If this number starts rising again, it could suggest renewed confidence in ADA’s price potential.

ADA Price Prediction: Will It Surge 20%?

ADA price is currently hovering near its support at $0.95, a critical level that could determine its next move. If this support is tested and fails to hold, selling pressure could increase, pushing ADA down toward $0.87.

A break below this level would signal a continuation of the downtrend, reinforcing bearish momentum.

However, its EMA lines suggest that a golden cross could form soon, which would indicate strengthening bullish momentum. If this crossover happens, ADA price could test the $0.99 resistance, potentially pushing it to $1.03, a potential 20% upside.