SPX6900 (SPX) is exhibiting a bullish inverse head and shoulders pattern on its daily chart, indicating a potential trend reversal. The pattern's neckline resistance is identified between $0.7275 and $0.7509. A decisive daily close above this range could propel SPX to a target price of $1.0674, marking a potential 46% increase. This bullish setup is supported by the broader cryptocurrency market's upward momentum, with major assets like Bitcoin and Ethereum also showing positive trends. Traders are closely watching for a breakout above the neckline to confirm the bullish reversal.