Meme coin SPX has emerged as the top gainer today, with a nearly 10% surge in the past 24 hours, outperforming the overall market. While major assets have remained stable, SPX continues to attract attention with daily gains. The token is close to forming a golden cross, where the 50-day SMA is set to surpass the 200-day SMA. This crossover signals a shift from a downtrend to an uptrend, indicating potential price growth. Supported by the Chaikin Money Flow indicator, SPX's recent surge seems to be driven by buying pressure. Trading above its 20-day EMA at $0.70, SPX shows bullish momentum and could target $1.27 if the trend continues. However, a drop to $1.06 is possible if demand weakens. This analysis serves as information only, and readers are advised to conduct their own research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news