During Friday's trading session, the price of the SPX token surged by 50%, causing a wave of short liquidations and significant losses for short traders. With the price expected to continue rising, more liquidations may occur. Open interest has also increased, indicating increased market participation and confidence in the upward price movement. If the price uptrend persists, short traders may continue to suffer losses. The Super Trend indicator has shifted to a green line, offering support below the token's price on the daily chart. If the trend continues, the price could rally to reach its all-time high, but if selloffs occur, the price could drop.



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