SPX Forms New All-Time High, Price Nears $2.00

SPXUSDT price has surged by 21.75% over the last 24 hours, reaching a new all-time high (ATH) of $1.84. At the time of writing, SPX is trading at $1.83, showing promising signs of further upward movement. The altcoin's strong performance reflects growing investor interest and market optimism.

The Ichimoku Cloud, which lies beneath the candlesticks, signals that bullish momentum is currently prevailing for $COINEX:SPXUSDT. This technical indicator suggests that the altcoin could continue its ascent, potentially breaching the $2.00 level in the near future. If the trend persists, SPX could set new price milestones.

However, if SPXUSDT experiences significant selling pressure from investors, the altcoin could face a correction. A drop below $1.55 would indicate a shift in momentum and potentially erase some of the recent gains. A failure to maintain key support levels could lead to further downside risks.