$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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