$SPK /USDT – BULLISH BREAKOUT LOOMS AS CONSOLIDATION NEARS COMPLETION

Immediate Market Move:

SPK/USDT is showing signs of a bullish reversal after touching a local support at $0.040058. Despite a recent -5.06% dip, strong buying interest is evident from the significant 24h volume of 568.84M SPK, paired with a bounce from oversold RSI conditions and stabilizing MACD signals. The price is consolidating just above a crucial support level, with decreasing bearish momentum suggesting a potential breakout toward the upside.

🔹Trade Setup – LONG ENTRY:

Entry: $0.04055

Take Profit (TP): $0.04420 / $0.04684

Stop Loss (SL): $0.03971

Look for bullish confirmation on the 1H or 4H candle close above $0.04121 for added entry confidence.

🔸Short-Term Market Outlook:

SPK is trading within a tight range, forming a potential base for the next upward move. A breakout above $0.04121 with increased volume could propel the pair back toward its recent high of $0.046849. Watch for bullish signals from EMA crossovers and MACD histogram flips to validate momentum.

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buy and trade here on $SPK