$SPK /USDT Bullish Breakout – Targeting $0.18 & $0.20
SPK is gaining momentum with a +66.89% surge to $0.156610, supported by strong volume (3.25B SPK / $433.94M USDT). The token is approaching its 24h high ($0.202229), signaling potential for further upside.
Trade Setup:
- Entry Zone: $0.15 - $0.16 (on pullback)
- Stop Loss: Below $0.14 (key support)
Targets:
- 1st Target: $0.18 (+14.9% from current)
- 2nd Target: $0.20 (+27.7% from current)
Key Drivers:
1. Sector Momentum: Growing interest in DeFi tokens, supported by the Binance Market Update on Crypto Market Trends
2. Technical Strength:
- RSI(6) at 58.025826 (bullish with room to grow)
- Clear upward trend with recent breakout
3. Volume Support: Trading volume significantly above average
Risk Management:
- Take 50% profits at $0.18
- Move stop to $0.15 for remaining position
- Consider full exit if RSI crosses 70+
#SPKSignal #Breakout $SPK