$SPK Strong Rally Faces Key Support Test
SPK is trading at $0.119565, after a massive 30% surge. Despite the strong upside, recent price action shows a sharp pullback, with price testing support amid heavy volume. This could either mark a healthy retest or the beginning of a short-term correction.
Key Levels to Watch
Resistance: $0.12500 – A breakout above this zone could trigger a push toward $0.13000 and $0.13300
Support: $0.11850 – A breakdown below this may lead to a drop toward $0.11500 and $0.11100
Trade Setup – High Volatility After Pump
Bullish Entry: Reclaim above $0.12500 with strength
• TP1: $0.13000
• TP2: $0.13300
Bearish Entry: Close below $0.11850 with strong volume
• TP1: $0.11500
• TP2: $0.11100
SPK delivered a strong intraday performance, but traders should proceed with caution. A confirmed break from current levels will provide clarity on whether bulls remain in control or if a deeper pullback is underway.