$SPK Testing Resistance – Breakout Pending or Bull Trap?
SPK is currently trading at $0.038082, holding gains after a solid intraday push. Price action is pressing against short-term resistance with rising volume, signaling growing momentum. The coming candles will confirm whether bulls are ready for continuation or not.
Key Levels to Watch
• Resistance Zone: $0.03850 – $0.03910
A breakout above this range could confirm bullish continuation toward higher targets.
• Support Zone: $0.03760 – $0.03700
Holding this support is critical to maintain structure and avoid reversal.
Trade Setup – Momentum Building
Bullish Scenario
A confirmed breakout above $0.03910 could open the door to:
• TP1: $0.04000
• TP2: $0.04120
Bearish Scenario
A drop below $0.03700 may trigger a pullback toward:
• TP1: $0.03620
• TP2: $0.03500
Volume profile is supportive of a breakout setup. If buyers step in above $0.03850 with conviction, SPK may continue its upward trajectory.
