$SPX is showing why it remains a heavyweight — this is controlled power, not noise.

Price is trading around $0.4860, up +4.96%, holding firmly near local highs after a strong impulsive move. What stands out is not just the push, but how price is accepting above prior resistance instead of rejecting. That’s a key difference.

Market cap sits at $452.46M with FDV at $486.0M, keeping valuation tight and clean. On-chain liquidity is deep at $13.75M, giving SPX the ability to move without fragile wicks, and holder count is strong at 49,281, reflecting sustained conviction rather than short-term chasing.

Technically, SPX printed a sharp vertical expansion, followed by tight sideways consolidation near the highs. This is classic continuation behavior. Sellers attempted multiple pushes lower, but each dip was absorbed quickly, producing higher lows and compressing price just under the recent peak.

Key levels in focus

Strong support: $0.481 – $0.483

Acceptance zone: $0.485

Breakout trigger: $0.487 – $0.490

Expansion target on continuation: $0.510+

As long as SPX holds this range and avoids a clean breakdown, the structure remains decisively bullish. Consolidation at highs after expansion is not weakness — it’s preparation.

This is strength with patience.

SPX remains firmly in control.

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