$SPK /USDT Technical Snapshot – Heavy Sell-Off Detected

Current Price: $0.04678

24h Change: -19.09% 🔻

Exchange: Binance

Category: DeFi (New Token)

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📊 Key Trading Data:

Metric Value

24h High $0.05805

24h Low $0.04608

24h Volume (SPK) 798.12M SPK

24h Volume (USDT) $40.25M

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📉 Intraday Price Action:

Timeframe Change

Today -4.90%

Past 24h -19.09% 🔥

The chart shows a sharp intraday decline from near $0.058 to $0.046, with minor recovery attempts being rejected around $0.047–$0.048.

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🔍 Technical Outlook:

🟥 Trend:

Short-Term: Strong bearish momentum

Long-Term: Not enough history (new token), but trend is currently downward

🔑 Key Levels:

Support:

$0.04600 (immediate)

$0.04300 (next zone if sell-off continues)

Resistance:

$0.05050 (intraday rejection)

$0.05400 (minor intraday pivot)

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🧠 Trade Strategy (Short-Term Traders):

⚔️ Bearish Bias

Possible Short Entry: Below $0.04600

🎯 Target: $0.0430

🛑 Stop Loss: $0.0485

✅ Bullish Scenario:

Only valid if price reclaims $0.0505+ with strong volume

Targets: $0.054 → $0.057

SL: $0.0465

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⚠️ Caution for New Traders:

High volatility

Token may be newly listed, increasing manipulation risk

Avoid heavy leverage

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Would you like RSI, MACD, volume analysis, or a trade signal chart for SPK/USDT?

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