The market is heating up, and SPCXX is starting to look like a name worth keeping on the radar.
The current price shown is around 160.49 with a 24 hour gain of 1.04 percent.
That is important because SPCXX is already showing positive momentum while several other names on the board are moving sideways or lower.
The wider market is becoming more active. Total crypto market capitalization is around 2.91 trillion dollars and 24 hour volume is around 41.68 billion dollars. Bitcoin dominance is near 59 percent, while large Bitcoin transactions remain elevated.
When market participation increases, relative strength becomes important. I want to know which assets are holding their gains while weaker names start falling back.
SPCXX is currently giving that relative strength signal.
The first zone I am watching is 157 to 159.
If that area holds, the next levels become increasingly interesting.
EP: 160.49
Support zone: 157.00 to 159.00
TP1: 166.00
TP2: 172.00
TP3: 180.00
SL: 151.50
The setup becomes stronger if price breaks higher and then returns to test support without losing it.
That would tell me buyers are willing to defend the move instead of simply chasing momentum.
The market does not need every asset to rally at once. It only needs enough leaders to start pulling attention back into risk.
SPCXX is one of the names I am watching for that transition.
I am ready for the move.
#3x Bitcoin futures ETF approved
