$SPK Skyrockets – Momentum Building or Cooling Off?
SPK is flying high at $0.03587, posting an impressive +16.53% daily gain. The chart shows a strong uptrend, but price is now pulling back from recent highs. With volume surging and price consolidating, traders should be on alert — the next candle could be explosive.
Key Technical Zones:
• Resistance Zone: $0.03680 – $0.03770
A breakout above this range may trigger a fresh leg up toward new highs.
• Support Zone: $0.03540 – $0.03500
Holding above this base keeps the trend intact. A breakdown here could lead to profit-taking.
Trade Setup:
Bullish Entry:
If SPK breaks and holds above $0.03700
• TP1: $0.03780
• TP2: $0.03850
• TP3: $0.03930
• Stop-loss: Below $0.03500
Bearish Entry:
If SPK drops below $0.03500
• TP1: $0.03420
• TP2: $0.03340
• TP3: $0.03250
• Stop-loss: Above $0.03640
Volume spike confirms strength. If buyers step in above resistance, SPK could rally further. If not — expect a healthy correction. Stay alert and trade with a plan!