โก $SPK /USDT โ Calm Before the Next Spark?
Current Price: $0.05817
Timeframe: 15m
Change: -1.06%
Trend: Sideways chop after high-volatility wick
๐ Market Structure:
MA7: $0.05784
MA25: $0.05771
Price is consolidating just above both moving averages โ short-term bullish bias, but no breakout yet.
Massive impulse wick occurred earlier (likely listing candle) โ since then, price has coiled tight in a low-volatility range between ~$0.057โ$0.059.
This is a volatility squeeze setup โ breakout is brewing.
๐งญ Immediate Price Targets:
If SPK breaks out above $0.0593 with volume:
๐ฏ Target 1: $0.0610 โ minor resistance zone
๐ฏ Target 2: $0.0650 โ early wick base
๐ฏ Target 3: $0.0720 โ pre-fade spike tip
๐ก๏ธ Support Levels:
๐ป Support 1: $0.0570 (MA cluster)
๐ป Support 2: $0.0545 (liquidity test zone)
๐ป Invalidation: Below $0.0525 โ expect deeper fade
๐ฅ Final Thoughts:
This chart screams: Accumulation mode.
Price action has stabilized, moving averages are pinching in tight, and volume has dried up โ which often leads to an explosive move either way.
Let the breakout confirm. Donโt front-run a dud candle.
Look for volume + 15m candle close above $0.0593 for confirmation.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!