The cryptocurrency SPX has experienced a 15% price increase, making it the top gainer in the market. However, there is concern about a potential price correction due to growing bearish sentiment. Despite the price hike, futures traders are placing short bets on SPX, indicating a potential price dip. The asset's Long/Short Ratio and weighted sentiment both suggest a negative bias. Additionally, SPX's Relative Strength Index indicates that it is heavily overbought, hinting at a possible price correction or reversal. If the uptrend continues, SPX could reach a new all-time high.



Other News from Today