$SPK /USDT – 4H Technical Analysis

Status: Weak Bounce After Initial Listing Hype

📉 Overview:

After the initial explosive candle that peaked near $0.08, SPK has entered a consistent downtrend, losing nearly 50% of its value.

Currently consolidating around $0.040, struggling to reclaim short-term MAs.

📊 Technical Signals:

MA 7 < MA 25 — downtrend is still intact.

Price is below all moving averages, indicating weakness.

No clear reversal yet — candles show low volatility and indecision.

🎯 Key Levels:

Resistance 1: $0.0435 (MA 25)

Resistance 2: $0.048 (local structure top)

Support 1: $0.0385

Support 2: $0.0350 — if broken, could open the door for deeper correction toward $0.03

🔍 Outlook:

Unless SPK manages to flip $0.043–0.045 with strong volume, this could just be a dead cat bounce inside a listing dump.

Keep an eye on volume spikes — any surge above $0.048 might confirm a short-term trend reversal.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!