$SPK /USDT based on the current data:

📊 SPK/USDT Overview

Current Price: $0.040435

24h Change: -15.12%

24h High / Low: $0.048247 / $0.040280

24h Volume:

SPK: 425.09M

USDT: 18.56M

📉 Price Action Analysis

The price has dropped significantly from the daily high of $0.048247, hovering just above the 24h low.

This suggests strong selling pressure throughout the day.

The current price is barely above the support zone ($0.0402), and a break below could trigger a further decline.

📈 Key Levels

Type Price Level Notes

Resistance 1 $0.0440 – $0.0460 Minor resistance zone (previous support turned resistance)

Resistance 2 $0.0480 – $0.0500 Major 24h resistance

Support 1 $0.0400 – $0.0402 Immediate support (24h low)

Support 2 $0.0365 – $0.0380 Next demand zone if breakdown continues

📉 Short-Term Outlook (Bearish Bias)

Momentum: Weak, with decreasing price candles and high volume.

Trend: In a short-term downtrend, possibly due to market-wide corrections or profit-taking.

Volume Spike: The high SPK volume suggests aggressive selling or whale movement.

🔍 Strategy Suggestions

Scalpers: Watch for a bounce at $0.0400 with tight stop-loss below $0.0395.

Swing Traders: Avoid long positions until confirmation of trend reversal or breakout above $0.0460–$0.0480.

Breakdown Watch: If price falls below $0.0400 with volume, potential slide toward $0.036–$0.038 is likely.

Would you like a chart-based TA or entry/exit signals based on technical indicators like RSI, MACD, EMA?

#BinanceTGEXNY #NEWTBinanceHODLer #BinanceAlphaAlert #ScalpingStrategy #USNationalDebt $SPK