Technical analysis: SPCXUSDT (Perpetual Pre-market) on the 2-hour timeframe
Analysis of the SPCXUSDT Perp pair, which maintains a positive advance of +2.56%, consolidating gains after marking a recent high at 141.74 USDT and holding above the 25-period moving average.
Key market data:
Current price: 140.37 USDT (+2.56%).
24h high: 141.74 USDT.
24h low: 135.17 USDT.
24h volume (USDT): 1.05B USDT.
Technical levels and key indicators (2h):
Moving Averages:
MA(7): 140.72 USDT (immediate short-term resistance).
MA(25): 139.00 USDT (technical mid-term support).
MA(99): 136.74 USDT (long-term structural support).
SuperTrend (10,3): Remains bullish (green), placing its defensive base at 137.04 USDT.
Reference points:
Local resistance: Recent ceiling at 141.74 USDT.
Key defensive support: Low of the prior impulse at 135.17 USDT.
Outlook:
SPCX maintains a solid structure of higher lows and higher highs on the 2-hour chart. After reaching the upper zone at 141.74 USDT, the price entered a healthy compression phase around its fast moving average.
Currently, the quote is fluctuating just below the MA(7) ($140.72). If buyers reclaim this level on upcoming candle closes, the likelihood of attempting a breakout toward the 141.74 USDT ceiling will increase. If price loses ground, the key support to maintain the bullish structure is at the MA(25) at 139.00 USDT, reinforced below by the SuperTrend at 137.04 USDT.
(Disclaimer: Informational, structured content for Binance Square. It does not constitute financial or investment advice. Always do your own research).
#SPCX #PreMarket #Crypto #BinanceSquare #TechnicalAnalysis
Analysis of the SPCXUSDT Perp pair, which maintains a positive advance of +2.56%, consolidating gains after marking a recent high at 141.74 USDT and holding above the 25-period moving average.
Key market data:
Current price: 140.37 USDT (+2.56%).
24h high: 141.74 USDT.
24h low: 135.17 USDT.
24h volume (USDT): 1.05B USDT.
Technical levels and key indicators (2h):
Moving Averages:
MA(7): 140.72 USDT (immediate short-term resistance).
MA(25): 139.00 USDT (technical mid-term support).
MA(99): 136.74 USDT (long-term structural support).
SuperTrend (10,3): Remains bullish (green), placing its defensive base at 137.04 USDT.
Reference points:
Local resistance: Recent ceiling at 141.74 USDT.
Key defensive support: Low of the prior impulse at 135.17 USDT.
Outlook:
SPCX maintains a solid structure of higher lows and higher highs on the 2-hour chart. After reaching the upper zone at 141.74 USDT, the price entered a healthy compression phase around its fast moving average.
Currently, the quote is fluctuating just below the MA(7) ($140.72). If buyers reclaim this level on upcoming candle closes, the likelihood of attempting a breakout toward the 141.74 USDT ceiling will increase. If price loses ground, the key support to maintain the bullish structure is at the MA(25) at 139.00 USDT, reinforced below by the SuperTrend at 137.04 USDT.
(Disclaimer: Informational, structured content for Binance Square. It does not constitute financial or investment advice. Always do your own research).
#SPCX #PreMarket #Crypto #BinanceSquare #TechnicalAnalysis
