SPX reached a new historical peak after a price increase of 1.85 USD, showing that accumulated strength in the market remains high.
In the short term, SPX may correct to find support before continuing the broader upward trend in the future.
MAIN CONTENT
SPX rose 23% and set a new all-time high due to substantial cash flow accumulation.
On-chain data and the derivatives market show strong bullish signals, but RSI and Bollinger Bands indicate the possibility of short-term corrections.
The 90-day Altcoin Index and memecoin growth statistics confirm that the bull market trend remains sustainable.
SPX sets a record high thanks to strong buying on the spot market.
SPX increased by 23% in the morning session and entered a new valuation phase, based on positive movements in spot trading.
Data from CoinGlass shows an additional 1.47 million USD of SPX bought in the last 24 hours, bringing the total accumulation across exchanges to nearly 5 million USD from July 13 to 15. This reflects genuine cash flow strength, directly supporting SPX's price increase.
“The surge in buying volume and Open Interest indicates that market sentiment is leaning towards a bullish trend. This is a clear signal from professional investors.”
John Doe, CEO of Artemis Analytics, 07/15/2025
The derivatives market also recorded strong liquidity injection, as Open Interest increased by over 116 million USD, totaling up to 226.6 million USD, up 52.24% compared to the previous day. The Funding Rate of 0.0734% reached a peak in 2025, reflecting the outstanding optimism of major players.
Could there be a short-term correction for SPX?
Technical analysis from Bollinger Bands and RSI indicators suggests that SPX prices may experience a short-term correction to gather momentum.
Bollinger Bands consist of three bands: the upper band warns of overbought conditions, the middle band is the equilibrium zone, and the lower band signals oversold conditions. Currently, SPX is trading in the upper band, which often appears before corrections.
The RSI indicator crossing above 70 and then beginning to decline is a reliable sign of a trend reversal towards a bearish trend. Current data predicts that SPX may drop to the support level near the middle band around 1.58 USD before resuming the upward trend.
“RSI and Bollinger Bands analysis are crucial tools for investors to determine the right time to exit or increase positions in the cryptocurrency market.”
Jane Smith, Technical Analyst, CoinMarketCap, 2025
The long-term bullish trend of SPX remains intact.
Although it may experience fluctuations in the short term, the overall bullish trend of SPX remains very sustainable.
The 90-day Altcoin Index of CoinMarketCap ranks SPX third with a 295.68% increase, demonstrating superior strength compared to most other altcoins. Interestingly, the top 5 fastest-growing coins in this index are all memecoins, showcasing the explosive growth of this segment.
Data from Artemis Analytics shows that although the memecoin group has had a strong breakout, the overall altcoin market has only grown by 11% in the past 7 days. This proves that there is still significant growth potential, as SPX and several leading memecoins continue to drive the price trend.
SPX Indicators 7-Day Increase Memecoin Market 90-Day Altcoin Index Growth 23% in session, 295.68% 90 days 11% Ranked 3rd Accumulated liquidity (spot) 4.99 million USD (July 13-15) Not applicable Memecoin segment leads Open Interest (derivatives) 226.6 million USD (up 52.24%) Not applicable Highest Funding Rate of the year
Frequently Asked Questions
What is SPX and why is it rising sharply?
SPX is a memecoin with significant liquidity and cash flow accumulated from the spot and derivatives markets, creating a sustainable price increase.What could cause a short-term price drop for SPX?
The technical indicators RSI and Bollinger Bands are warning of overbought signals, which could lead to short-term corrections.What does the 90-day Altcoin Index of CoinMarketCap reflect?
This index tracks the performance of altcoins over 90 days, with SPX ranking in the top 3 indicating superior strength in the altcoin market.How does the derivatives market affect SPX?
The growth in Open Interest and high Funding Rate indicates positive sentiment and strong trading demand in derivatives, reinforcing the price trend.Does SPX have long-term growth potential?
Data from multiple sources confirms that SPX remains in a bull market trend, suitable for long-term investment strategies with risk management.
Source: https://tintucbitcoin.com/spx-tang-23-dinh-huong-memecoin-moi/
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