The samecoin spx, based in Ethereum, is the best winner of today. Its price increased by 20% in the last day, and Altcoin is currently negotiating at a more than 13 days of $ 0.62.
The current SPX overvoltage follows a recent drop to a lower of all time of $ 0.25. With an increasing bullish dynamic, Altcoin should recover recent losses and climb the summits of several months.
SPX6900 rises 148% in 13 days after reaching a hollow of all time
SPX dropped to a hollow of $ 0.25 on March 11, creating an opportunity to buy that investors quickly seized.
While the demand increased, the token organized a strong recovery, climbing regularly during the 13 days. At the time of the press, the Altcoin is negotiated at $ 0.61, climbing 148% during this period.
On the daily graphic, SPX is about to break above the main range A (green line) of its Ichimoku cloud indicator, a trend that reflects the peak of demand for the same part.
The Cloud Ichimoku follows the momentum of the market trends of an asset and identifies the potential levels of support / resistance. Its main scope has represents the median point between the conversion line (Tenkan-Sen) and the basic line (Kijun-Sen), helping traders to identify the potential levels of support and resistance.
When the price of an asset tries to climb above this line, it reports a bull change in market trends. Consequently, a potential escape of SPX prices above the cloud confirms the growing upward pressure on the market and alludes to an extended price rally.
In addition, the growing open interest of SPX (OI) supports this upward perspective. This is currently at $ 21 million, increasing by 50% since the token organized a return from its hollow of all time on March 11.
The total number of derivative contracts unanswered, such as future or options, which have not been settled. When it climbs next to the price of an asset, this indicates a strong market participation.
This confirms the strength of the current SPX trend, which suggests that new funds enter the market to support its price movement.
SPX is strong above the ascending trend line-can it pierce $ 0.67?
Since the start of the gathering, SPX has exchanged above an ascending trend line. This bullish model is formed when the price of an asset systematically makes higher stockings, indicating a regular ascending trajectory.
It signals a high purchase pressure and serves as a level of support, suggesting that SPX is in an upward trend. If this continues, its price could go out above the leading duration to reach $ 0.67.
However, a resurgence of for -profit activities could invalidate this downward perspective. In this scenario, the price of the Altcoin could drop to $ 0.40.
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