SPX Gains 0.9% in 24 Hours, Breaks $1.25 Support

SPX, a prominent index, has recently shown significant upward momentum, with its price rising to $1.28, marking a 0.9% gain over the past 24 hours. The index has found strong support at the $1.25 level, which has helped maintain its upward trajectory. The daily high reached $1.2490, and the Relative Strength Index (RSI) values have confirmed the upward momentum, indicating strong buying activity.

SPX has posted a notable upside move recently, with prices reaching as high as $1.28 after a period of sideways consolidation. The index has shown resilience during choppy sessions, holding above earlier support levels. This trend has persisted into the current week, helping SPX gain over 23% on the day. The current support remains at $1.25, while the nearest resistance sits at $1.38. The 24-hour trading range placed the asset between $0.91 and $1.24, with momentum continuing to favor upward movement.

Since the start of January, SPX has held its position in the green zone despite volatile sessions. On the daily chart, the index opened at lower levels but quickly reclaimed gains, pushing past earlier highs. The chart displays a sharp breakout that reached $1.2490 before a slight pullback. SPX now trades around $1.1677 and shows a 24-hour gain of 0.9%. While price movement remained unstable in previous weeks, strong support near $1.25 contributed to market confidence. The RSI indicators also reflect buying strength, with RSI6 showing a value above 80. This data suggests active price engagement around the current levels.

The 24-hour trading turnover for SPX reached 14.38 million, with strong activity driving the recent breakout. Notably, technical indicators show momentum remains elevated. The RSI14 and RSI24 stand at 72.45 and 66.22 respectively, confirming pressure on the upside. MACD and moving averages also suggest continued momentum across short-term timeframes. As trading volume sustains, support at $1.25 will be a key level to monitor closely. If the price tests this level, volume response could dictate direction. For now, strength appears to remain as price stabilizes above recent lows.

SPX currently trades at $1.28, close to its 24-hour high of $1.2490. Resistance is now identified near $1.38, presenting the next technical ceiling. The 24-hour gain of 0.9% confirms that SPX maintains upward traction, supported by moderate strength across key indicators. The asset has also gained against BTC and ETH, with slight increases of 0.4% and 0.9% respectively. With the chart showing a breakout followed by minor retracement, the $1.38 resistance level will be critical for the next trading sessions.