SPX is trading at $1.62, maintaining its position above the crucial $1.58 support level. The altcoin has surged nearly 62% over the past week, hitting a two-month high. This sharp rally reflects renewed investor interest.
Currently, SPX is about 41% away from retesting its all-time high of $2.29, achieved in late July. Technical indicators, particularly the exponential moving averages (EMAs), highlight sustained bullish momentum. If this strength continues, SPX could break through the $1.74 resistance level and potentially climb toward $2.00 in the coming sessions.
However, market sentiment remains crucial to sustaining this rally. Should investors begin taking profits, SPX could fall below the $1.58 support. A deeper correction might push the price down to $1.39 or lower, undermining bullish momentum and signaling a temporary reversal in the altcoin’s upward trend.
Currently, SPX is about 41% away from retesting its all-time high of $2.29, achieved in late July. Technical indicators, particularly the exponential moving averages (EMAs), highlight sustained bullish momentum. If this strength continues, SPX could break through the $1.74 resistance level and potentially climb toward $2.00 in the coming sessions.
However, market sentiment remains crucial to sustaining this rally. Should investors begin taking profits, SPX could fall below the $1.58 support. A deeper correction might push the price down to $1.39 or lower, undermining bullish momentum and signaling a temporary reversal in the altcoin’s upward trend.
Truly Unbiased Cryptocurrency News beincrypto.com
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Truly Unbiased Cryptocurrency News beincrypto.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。