Influencer who coined ‘memecoin supercycle’ sits on $68M profit, data suggests
Murad Mahmudov's Memecoin Holdings: Murad Mahmudov has amassed over $70 million in memecoins, primarily due to a significant investment in SPX6900, which has surged over 10,500% in the past year, resulting in unrealized profits of approximately $68.29 million.
Memecoin Market Surge and Criticism: The memecoin market capitalization rose to $85 billion in July, attracting mixed reactions from the community, while Mahmudov faced scrutiny from blockchain investigator ZachXBT for allegedly manipulating supply and making bold predictions about memecoins.
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Technical Analysis for SPX
Technical Sentiment Analysis for SPX6900 (SPX) As of , SPX6900 (SPX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SPX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SPX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
SPX6900 (SPX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.125 | 0.173 | 0.234 | 0.283 | 0.343 | 0.392 | 0.453 |
| Fibonacci | 0.173 | 0.215 | 0.241 | 0.283 | 0.324 | 0.35 | 0.392 |
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