📈 Analysis and forecast for $SPELL : further prospects? 🚀
As of May 31, 2025, 11:56 EEST, the rate $SPELL on Binance is $0.0005917, with a 9.3% rise in the last 24 hours. The trading volume for the day is about $6.27M, and the market capitalization is $92.95M (with a circulating supply of 157.14B SPELL). The rise is linked to interest in DeFi and updates from Abracadabra Money.
Technically, $SPELL is in an upward trend. On the 4-hour chart, the price broke through $0.00055 and is testing $0.00060. The RSI (14) is around 64, close to overbought, but the MACD confirms bullish momentum. Key resistance is at $0.00063; a break above may push the price to $0.00070. A drop below $0.00055 will increase pressure down to $0.00050.
Forecast: by the end of May, SPELL could reach $0.00063–$0.00070 if the volume holds. By July 2025, a rise to $0.00080 is possible if interest in DeFi increases. By the end of the year, the target is $0.0010, assuming new integrations. Long-term potential for 2026 is $0.0020+, if the market remains bullish. Fundamentally, SPELL benefits from the growth of DeFi, but competition is a risk.
Further prospects? The price $0.0005917 is close to resistance at $0.00060, and the RSI at 64 signals a potential correction. A 9.3% increase in 24 hours is a signal to take profits at $0.00063–$0.00070. Set a stop-loss at $0.00055. The X indicates optimism, but traders warn of overheating. Watch the volumes and news about the project — the market is volatile! #SPELL #Binance #CryptoAnalysis
