SPXUSDT has been experiencing a consistent uptrend since the beginning of the month, leading to the formation of multiple all-time highs, including one today at $2.27. This price action reflects strong investor interest, pushing the altcoin to new levels and generating a positive market sentiment.Currently trading at $2.23,
SPXUSDT has gained 14% in the past 24 hours. The Ichimoku Cloud, acting as support, signals bullish momentum. This suggests that SPX could rise further, with the potential to reach $2.50 or higher if market conditions remain favorable and investor confidence persists.However, if selling pressure intensifies,
SPXUSDT could experience a reversal. A dip below the $2.00 support could push the altcoin toward $1.74 or lower, invalidating the bullish outlook.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.