⚠️ $SPK /USDT BEARISH CONTINUATION – BINANCE ANALYSIS ⚠️
Pair: SPK/USDT
Current Price: $0.04992 (-17.48%)
Category: DeFi | Hot Token
24h Volume: 1.54B SPK | 85.7M USDT
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📉 Technical Outlook:
SPK is under heavy selling pressure, breaking below key support near $0.055 and continuing a steep downtrend. Volume remains high, but the momentum favors further downside unless bulls reclaim critical levels fast.
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🔻 Entry (Short) Zone: $0.0500 – $0.0525
🔻 Targets:
🎯 T1: $0.0450 (recent demand zone)
🎯 T2: $0.0400 (multi-day support)
🎯 T3: $0.0350 (capitulation level)
🛑 Stop Loss: $0.0560 (above breakdown structure)
📍 Key Resistance: $0.0600
📍 Key Support: $0.0485
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📊 Bias: BEARISH
As long as SPK trades below $0.055, selling rallies may remain dominant. A bounce is possible, but overall structure suggests weakness. Traders should wait for clear confirmation before any counter-trend entry.
🔔 Watch 1H & 4H closes below $0.0485 – potential for sharp move lower.
