Spurred by surging social engagement and concentrated liquidity flows, SPX memecoin is positioning itself for a potential ascent toward the psychologically significant $1 threshold, as a confluence of technical signals and market dynamics coalesce to favor upside continuation. The token’s recent 20% rally, catalyzed in part by influencer Murad’s promotion and amplified across Twitter/X meme coin communities, has rekindled interest among retail participants and larger holders, producing record trading volumes that have carried intraday highs well above prior ranges. That spike followed a volatile trajectory, with SPX earlier reaching intraday peaks near $1.85 in July 2025 after months spent below the dollar, underscoring both the memecoin’s capacity for sharp rallies and the attendant risk of rapid reversals. The coin’s live price currently sits around $1.38 USD, reflecting renewed momentum and heightened market attention, with a market cap that has surged alongside trading activity—live price $1.38. Nearly $1.47 million in additional tokens were purchased in the past 24 hours, signaling major accumulation.
Surging social buzz and concentrated liquidity fuel SPX’s renewed rally, eyeing $1 after a volatile, influencer-driven 20% spike
Technically, several indicators align with a bullish bias, lending credence to expectations of a meaningful breakout. A bullish triangle breakout pattern emerged recently, a structure that often precedes sustained upward movement when paired with confirming momentum. The MACD printed a Golden Cross as the MACD line crossed above the signal line, mirroring prior short-term breakouts, while the Money Flow Index climbed to 74.53, signaling robust buy-side pressure and capital inflows. Longer-term moving averages are converging; the 50-day EMA is crossing above the 200-day EMA, potentially forming a classic Golden Cross that many traders interpret as a medium-term bullish confirmation.
Key resistance zones remain, with $1.23 and $1.37 identified as critical barriers whose breaches would substantially increase the probability of a return to prior highs. Multiple failed attempts near $1.37 indicate persistent seller interest at those levels, yet cumulative buying over a four-week bullish streak—roughly 16%—and fresh long positions in derivatives supporting $23.65 million of new exposure, suggest conviction among momentum traders. Open interest rising by 17% to about $139.17 million further highlights elevated trader optimism.
Market sentiment, driven by influencer activity, whale accumulation, and meme culture dynamics, can produce pronounced volatility; futures inflows exceeding $19 million augment liquidity but also leverage. Historical volatility and large single-day moves counsel caution, leaving the outlook conditional: a confirmed breakout would validate the technical case, while failure to pierce key resistances could precipitate swift corrections.
