#SPX is holding a strong 1H structure after the sharp move from the $0.32 area. Price is currently consolidating around $0.52, with buyers still defending the higher range.
A pullback toward $0.46-$0.48 would be the key area to watch. That zone lines up with the recent breakout structure, so a clean reaction there could provide the fuel for another leg higher.
The upside target for $SPX sits around $0.58-$0.60. If the $0.46-$0.48 demand area holds, the current structure leaves room for price to retest that zone after this consolidation.
A breakdown below $0.46 would change the picture and could drag price back toward $0.43-$0.44. Until then, the 1H structure remains bullish, but chasing after the recent surge carries more risk than waiting for a pullback.
#Crypto #Altcoin Season#
A pullback toward $0.46-$0.48 would be the key area to watch. That zone lines up with the recent breakout structure, so a clean reaction there could provide the fuel for another leg higher.
The upside target for $SPX sits around $0.58-$0.60. If the $0.46-$0.48 demand area holds, the current structure leaves room for price to retest that zone after this consolidation.
A breakdown below $0.46 would change the picture and could drag price back toward $0.43-$0.44. Until then, the 1H structure remains bullish, but chasing after the recent surge carries more risk than waiting for a pullback.
#Crypto #Altcoin Season#
