#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $SPK / USDT

1. Price and Trend: The current price of 0.07660 with an increase of +84.67% indicates a strong bullish trend. The chart shows a rapid price increase, confirming the movement above the moving averages (MA5: 0.987951, MA10: 0.730128).

2. Moving Averages (MA): MA5 and MA10 have an upward trend and find a lower current price that supports a bullish signal. The intersection of MA5 above MA10 may indicate the beginning or continuation of the rise.

3. Bollinger Bands: The price is approaching the upper limit (UP: 0.07983), which may indicate overbought conditions. A potential correction may occur if the price does not lower this level.

4. MACD: Divergence (DIF: 0.00726, DEA: 0.00617, MACD: 0.00109) is positive, confirming the bullish momentum. The growth of the MACD histogram reinforces the current trend.

5. Stochastic RSI: The values of STOCHRSI (86.3299) and MASTOCHRSI (80.56705) are high, which also signals overbought conditions. This may warn of a possible correction in the near future.

6. Volumes: A sharp increase in volumes (1.204339 million) accompanies the price movement, which is a positive signal to confirm the trend.

⚠️Conclusion: The exact bullish trend is strong, but overbought indicators (Bollinger Bands, Stochastic RSI) hint at the risk of correction. It is recommended to monitor the support level at 0.07983 and a possible pullback to MA5 or MA10.