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$SPELL /USDT
Market Update – March 16, 2025
🟢 Category: DeFi Gainer
📈 Current Price: $0.0007862 (+22.56%)
📊 24H High: $0.0008611 🔼
📉 24H Low: $0.0006389 🛑
📈 24H Volume (SPELL): 60.84B
💰 24H Volume (USDT): $47.17M
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🔍 SPELL Price Analysis & Key Levels
🔹 Support: $0.0007200 - $0.0006800 🛡️
🔹 Resistance: $0.0008600 - $0.0009000 🚧
Price Action:
SPELL has surged +22.56%, reaching a high of $0.0008611 before pulling back slightly. The momentum suggests a breakout attempt, but key resistance at $0.0008600 - $0.0009000 must be cleared for further upside. If rejected, it may retest $0.0007200 - $0.0006800.
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🟢 Bullish Scenario ✅
✔️ Holding above $0.0007500 could lead to another rally toward $0.0009000 - $0.0010000.
✔️ A breakout above $0.0009000 may push SPELL toward $0.0012000.
🔴 Bearish Scenario ⚠️
❌ A break below $0.0007200 may lead to a test of $0.0006800 - $0.0006400.
❌ If momentum fades, SPELL could see profit-taking and a pullback.
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🎯 Trading Strategy: Breakout or Retracement?
🚀 Spot Trading (Short-Term Profits)
🛒 Buy Zone: $0.0007200 - $0.0007500 (on dips)
🎯 Targets: $0.0008600 | $0.0009000 | $0.0010000
⛔ Stop Loss: $0.0006800
⚡ Futures Trading (High Risk, High Reward)
📉 Short Setup (If SPELL Rejected at $0.0008600 - $0.0009000)
🔹 Entry: $0.0008500 - $0.0008700
🎯 Target Prices: $0.0007800 | $0.0007200
⛔ Stop Loss: $0.0009100
📈 Long Setup (If SPELL Breaks Above $0.0009000)
🔹 Entry: $0.0009000 - $0.0009200
🎯 Target Prices: $0.0010000 | $0.0012000
⛔ Stop Loss: $0.0008600
⚠️ Risk Management
✔️ SPELL is highly volatile, so trade with caution.
✔️ Use tight stop-loss in leveraged positions.
✔️ Keep an eye on Bitcoin’s movement, as it could influence SPELL’s price action.
🔥 Summary
📌 SPELL is currently $0.0007862, up 22.56% today.
📌 If it breaks $0.0008600, it could test $0.0009000 - $0.0010000.
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