SPX/USDT Technical Analysis: The price is in a consolidation phase between two major order clusters on the 1-hour chart. After a sharp decline, it is currently hovering around the equilibrium level of $0.56. This is not a sign of weakness; rather, it indicates that the market is seeking direction. The bullish order cluster below provides strong support, while the resistance above is also clearly visible. This balance state often leads to a directional breakout after sufficient accumulation—key is to wait for the critical point to appear. The changes in trading volume and boundary touches during the consolidation period are worth close attention.

SPX2,11%
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RugpullAlertOfficervip
· 3h ago
0.56 is indeed a balanced position, but I just don't know which side to follow.
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UnruggableChadvip
· 3h ago
Let's wait until the breakdown happens; the accumulation phase is most vulnerable to repeated sell-offs.
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Fren_Not_Foodvip
· 3h ago
0.56 at this level is indeed interesting; the thick buy orders below make it unlikely to break below directly.
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OvertimeSquidvip
· 3h ago
Honestly, the 0.56 level is quite interesting. It all depends on whether the trading volume can give it some support.
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OnChainArchaeologistvip
· 3h ago
Wait, is this wave building up energy? It feels like only one fuse is missing.
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