š§ SPK/USDT (1H Chart)
š Current Price: $0.047577
š¼ 24H Change: +15.76%
š 24H High: $0.049045
š 24H Low: $0.039772
š 24H Volume:
ā¢SPK: 465.68M
ā¢USDT: 20.09M
š Chart Analysis:
ā¢Strong Bullish Momentum: A massive green candle has just formed, signaling a breakout from the consolidation range seen over the last two days.
ā¢Trend Shift: Price action has shifted from sideways chop (accumulation) to a clear uptrend, indicating new bullish interest.
ā¢Volume Spike: Accompanied by a surge in volume, this confirms the strength of the breakout ā not just a false pump.
š§® Order Book Sentiment:
ā¢Bid vs Ask Ratio:
ā¢Buy Orders (Bid): 24.40%
ā¢Sell Orders (Ask): 75.60%
ā¢This indicates strong selling pressure near the resistance zone, possibly due to traders taking profit after the pump.
š Key Takeaways:
1.SPK just broke resistance with conviction.
2.If price holds above $0.047, we may see a continuation toward $0.050+.
3.However, caution is advised as order book shows strong sellers stepping in ā a pullback or retest could follow.
4.Ideal strategy here is to wait for consolidation or a bullish retest before entering aggressively.