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SPX surges 23% to new ATH: THESE levels will decide the memecoin’s next moves
In a shocking turn of events, SPX has surged 23% and set a fresh record high, leaving many wondering what this means for the future trajectory of the memecoin. As it stands now, one thing is clear: the next steps taken by the asset are contingent on these crucial levels.
The sudden upsurge comes as no surprise to those who have been keeping an eye on the memecoin’s recent movements. The last 24 hours have seen an influx of $1.85 million worth of new tokens being purchased, a stark contrast from the sluggish pace we saw in the weeks leading up to this point.
While this sudden uptick may cause some investors to get caught up in the frenzy, it is essential that they maintain a level head and keep in mind the bigger picture. After all, even with this massive gain, we cannot rule out the possibility of a short-term pullback occurring.
The question on everyone’s lips now is where can SPX go from here? To answer that, let us turn to the technicals for some insight.
Source: ambcrypto.com
