$SPX is at 0.3854 USDT, down about 5% over 24 hours after a range of 0.3737 to 0.4079, and the intraday chart shows a clear downtrend with a small bounce off the 0.3840 area. Price is trading just below the MA60 (0.3864), so buyers still have to reclaim that level for a short-term reversal. The longer picture is weak: -11.9% over 7 days, -30% over 30 days and -73% over 1 year. The 90-day (+2%) and 180-day (+19%) gains show the coin is in a long correction after an earlier rally. The order book leans slightly toward bids (54% vs 46%), which hints at modest buying interest, but volume is low, so the bounce is not yet convincing. Support sits near 0.3737–0.3840 and resistance near 0.3864–0.4079. This is not financial advice, and perpetual futures carry liquidation risk.