$SXP surged 32.56% in the past 24 hours to around $0.0257, significantly outperforming a modestly positive broader crypto market.
The rally was accompanied by a sharp 628% increase in trading volume to roughly $43 million, pointing to strong spot buying pressure rather than a clearly identifiable news catalyst.
While the overall market and a mild uptick in altcoin sentiment provided a supportive backdrop, the scale of the move suggests token specific speculative inflows were the dominant driver.
The elevated turnover ratio indicates active participation and liquidity, but without a fundamental trigger, sustainability depends heavily on continued volume.
In the near term, holding above the $0.025-$0.026 area with sustained trading activity above $30 million could support consolidation or a push toward $0.027, whereas fading volume and a break below $0.022 would increase the risk of a deeper pullback.
The momentum is strong but remains volume-dependent.
