$SPELL /USDT | DeFi Awakens — Is a New Wave Brewing?
$SPELL is starting to show signs of life, climbing +3.82% with growing trading volume. Let’s decode the price action and chart out the next key moves.
Current Price: $0.0006114
24H High: $0.0006753
24H Low: $0.0005763
SAR Support: $0.0005773
Technical Snapshot:
After consolidating near support, SPELL has bounced off the $0.00058 zone, respecting SAR and pushing upward. With volume building up and momentum indicators warming, this could be the start of a short-term rally.
Target 1: $0.000675
Testing recent high. Break above this will show bulls are gaining strength.
Target 2: $0.000732
A clean breakout of resistance could lead to a retest of this previous supply zone.
Target 3: $0.000810
Major resistance on the higher time frame — a move here would confirm a trend reversal in SPELL’s favor.
Risk Alert:
If the price dips below $0.00057, short-term momentum may weaken. Set tight stop losses and manage positions carefully — this is still a low-cap DeFi token.
Final Thoughts:
SPELL might just be casting the first spell of a potential breakout. Watch price action near the $0.00067 mark — breakout or rejection will define the next move.
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