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$SPK / USDT – Reversal in Play or Just a Dead Cat Bounce? 🚨📈
$SPK / USDT has seen a sharp recovery on the 4H chart, currently trading at $0.099477, up +10.36% in the last 24 hours. After bottoming out near the 24H low of $0.077621, bulls stepped in aggressively, pushing the price up toward $0.115103 before retracing slightly.
This bounce comes after a prolonged downtrend, with multiple red candles dominating the chart prior to the sudden surge. The strong green candle suggests renewed buying interest, but the long upper wick on the most recent candle shows sellers are still active.
📊 Technical Snapshot:
Resistance Zone: $0.1100 – $0.1150
Support Zone: $0.0850 – $0.0780
Volume Surge: 540M+ SPK traded, signaling strong activity and potential trend change.
⚠️ Watch Closely – If SPK can hold above the $0.095 support area, we could see a continuation of the upward momentum. However, failure to maintain current levels may result in another retest of the recent lows.
#SPK #SPKUSDT #CryptoReversal #BullishOrBearish #CryptoSignals