SPX has surged by 25% in the last 24 hours, surpassing top cryptocurrencies like Bitcoin and Ethereum. The token reached a new high of $1.25 before a slight 4% pullback, indicating a strong bullish trend. The increase in open interest to $30.46 million suggests growing market participation and confidence in SPX. A high Long/Short ratio of 1.03 further confirms the positive sentiment towards the altcoin. The Chaikin Money Flow indicator also shows increasing demand for SPX, with a positive trend at 0.08. This suggests a bullish market sentiment and the potential for SPX to surpass its all-time high. However, profit-taking by holders could reverse this trend, leading to a price dip. This analysis serves as information only and not financial advice. It is essential to conduct personal research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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