⚠️ $SPK /USDT BEARISH BREAKDOWN – BINANCE ANALYSIS ⚠️
Pair: SPK/USDT
Current Price: $0.0506 (-17.86%)
Category: DeFi | High Volume
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📉 Technical Outlook:
SPK has broken below key support at $0.055 with aggressive sell volume (24h Vol: 1.61B SPK). The price is nearing the $0.0485 low, signaling continued bearish pressure unless a strong recovery candle appears.
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🔻 Entry (Short) Zone: $0.052 – $0.050
🔻 Targets:
🧨 T1: $0.0450 (recent demand zone)
🧨 T2: $0.0400 (next key support)
🧨 T3: $0.0350 (potential capitulation zone)
🛑 Stop Loss: $0.0560 (above breakdown zone)
📍 Key Resistance: $0.0600
📍 Key Support: $0.0485
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📊 Bias: BEARISH
Momentum favors downside until bulls reclaim $0.055 with strength. RSI likely oversold – watch for temporary relief bounces, but trend remains weak.
🔔 Monitor for potential dead-cat bounce or breakdown acceleration.
