Checking out $SPK , this is looking like a fresh listing that's seen some serious post-launch selling pressure.
That initial pump was wild, but it's been a pretty consistent downtrend since.
We're currently sitting around that 0.041-0.042 area, which seems to be acting as a minor support for now.
Volume has come down significantly since the initial frenzy, which is typical.
It tells me the initial excitement has worn off and sellers have been dominating.
If this support doesn't hold, we could easily see it slide down to retest those lows around 0.040.
On the flip side, a clean break above 0.043 with some volume could signal a short-term relief bounce, but it'll have some serious overhead resistance to chew through from here.
Still early days on this one.
