SPX6900 May Signal Reversal as Memecoin Sector Faces Continued Decline

Memecoins are not dead despite a sharp market cap crash in late 2024, as SPX6900 shows early signs of reversal with rising open interest and fading seller momentum, even as the sector's dominance has declined 81.6% year-to-date. SPX6900's price dropped over 10% in 24 hours, underperforming the memecoin market's 6.8% loss. Key indicators like MACD [...]