$SPK /USDT – Bearish Breakdown but High Reversal Potential Brewing!
🔥 Momentum Analysis
$SPK took a sharp -11.08% dip, now testing strong demand zones after failing to hold the $0.061 mark. Despite the downturn, the deep liquidity and recent volatility suggest a possible bounce or quick relief rally from oversold levels.
📈 Long Setup:
Entry Zone: $0.0470 – $0.0500
Targets:
🎯 T1: $0.0589
🎯 T2: $0.0620
🎯 T3: $0.0719
Stop Loss: $0.0449
🚨 Breakout Confirmation:
A close above $0.0589 on the 4H timeframe confirms a bullish reversal and may attract fresh momentum traders.
🔑 Key Support:
Primary Support: $0.0470
Deeper Support (must-hold): $0.0459
Long-term panic wick zone: $0.0330
💡 Pro Tip for Traders:
Watch for volume spikes and sharp reclaim candles near $0.0470. This zone has previously marked bounce points. A bullish divergence on RSI could confirm early reversal signs.
📊 SPK/USDT Snapshot:
Current Price: $0.050117 (-11.08%)
24h High / Low: $0.061000 / $0.047077
24h Volume:
SPK: 1.15B
USDT: 62.50M
Order Book Depth (Key Levels):
Resistance: $0.0589 / $0.0719
Support: $0.0459 / $0.0330 / $0.0200
Timestamp: 2025-06-18 19:00
