Technical analysis by BeInCrypto about Symbol SPX on 10/6/2025

SPX is trading at $1.62, maintaining its position above the crucial $1.58 support level. The altcoin has surged nearly 62% over the past week, hitting a two-month high. This sharp rally reflects renewed investor interest. Currently, SPX is about 41% away from retesting its all-time high of $2.29, achieved in late July. Technical indicators, particularly the exponential moving averages (EMAs), highlight sustained bullish momentum. If this strength continues, SPX could break through the $1.74 resistance level and potentially climb toward $2.00 in the coming sessions. However, market sentiment remains crucial to sustaining this rally. Should investors begin taking profits, SPX could fall below the $1.58 support. A deeper correction might push the price down to $1.39 or lower, undermining bullish momentum and signaling a temporary reversal in the altcoin’s upward trend.