SPX climbs 10% as memecoins charge in – but watch out for this level!

SPX climbed 16% in the past month, influenced by the memecoins sector’s growth. New long positions totaling 23.65 million USD contributed to strong market sentiment.

Despite recent bullish momentum, SPX faces resistance at 1.37 USD, which may restrict further upward movement. Market observers remain cautious as spot selling could challenge recent gains.