SPX (SPX6900) is currently trading at $0.368846, reflecting a 4.98% decline over the past 24 hours. The asset has experienced a daily trading range of $0.03979, with a high of $0.39349 and a low of $0.3537, indicating volatility in its price movement.

The trading volume stands at 18,090,407, which constitutes 5.28% of the market cap, suggesting active market participation. The hourly moving averages reveal a bearish trend, particularly the 55 SMA at $0.3905 and the 144 SMA at $0.4202, both showing significant declines of -5.55% and -12.21%, respectively.

The RSI metrics indicate increasing selling pressure, with a 1-hour RSI of 33 indicating a potential oversold condition and a 7-day RSI of 41 suggesting a bearish momentum. Additionally, the asset has seen substantial declines over longer periods, with a 7-day price change of -26.63%, a 14-day change of -37.84%, and a 30-day change of -24.99%.

Given the historical context, the all-time high of $2.27, reached in July 2025, highlights the asset's potential for recovery, but current trends show significant downside risk. The combination of declining moving averages and RSI levels suggests that the asset is struggling to maintain upward momentum.

Considering the current technical indicators and bearish price action, a Sell rating is warranted. The potential for further declines, coupled with lackluster momentum, indicates that capital may be better allocated elsewhere until the asset shows signs of stabilization and recovery.