币界网报道：Background information: SPX6900 (SPX) surged 12.5% on June 18, from $1.24 to $1.46, after Binance U.S. announced that it would list the memecoin on June 19. Main event: The rally triggered short-term profit-taking, causing SPX prices to fall 8%. Technicals show that prices encountered resistance in the middle of the falling channel, forming a short-term supply zone, and the 4-hour RSI indicator also showed selling pressure. On-chain data shows that 91% of holders are in profit, increasing the possibility of profit-taking. Potential impact: Short-term support is around $1.1, which coincides with the 200-day exponential moving average and is a key observation point. Despite the short-term correction, the overall market sentiment is still bullish, and it remains to be seen whether Binance U.S.'s listing plan can drive a new round of gains. Disclaimer: The content is only the author's opinion and does not constitute investment advice.