$SPK just completed a perfect inverse head & shoulders patt | Murirax on Binance Square

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$SPK  just completed a perfect inverse head & shoulders pattern. Breakout level was ~$0.119. Targets? $0.153 and beyond.Structure is bullish until proven otherwise.
#CryptoCharts  

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$SPK is at a technical decision point: strong support at $0.121 vs. resistance at $0.127. The 1H MACD is near neutral, suggesting indecision. If bulls push through resistance with rising volume, short-term target becomes $0.135. Failure to hold current support opens downside to $0.115. Patience and breakout discipline are key here. #SPK #crypto #AltcoinWatch #DeFiTrends

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From a tokenomics standpoint, $SPK has benefited from lower circulating supply and speculative narratives in DeFi. On-chain activity shows holders are not rushing for exits — a bullish sign during sideways price action. This could be a re-accumulation phase before the next leg. Still, confirmation needs volume and breakout structure. #SPK #crypto #altcoins #OnChainDataInsights

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Volume on $SPK has contracted significantly after last week's explosive move, suggesting a volatility squeeze is in play. Smart money often accumulates in silence — and this sideways chop near local highs hints at bullish intent. Above $0.127, bulls take control; below $0.121, caution returns. Risk is manageable if support holds. #SPKAlert #cryptotrading #defi

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The MACD line on the 1H chart is starting to curl up while histogram bars shrink — early signs of a momentum reversal. $SPK has formed higher lows since the August 4 breakout, showing buyer strength despite low volume. A breakout above $0.129 could trigger a new impulse wave. Immediate support remains $0.119. This is a classic coil before expansion setup. #SPKAlert #altcoinseason

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$SPK is trading near $0.1235, holding above short-term support at $0.121. Price is consolidating after a strong breakout on Aug 4, forming a potential bullish flag. MACD is flattening near the zero line, signaling an upcoming momentum shift. If bulls reclaim $0.125 with volume, the next target lies around $0.130–$0.135. Watch for a clean breakout or breakdown from this tight range. #SPKAlert #cryptouniverseofficial #altcoins #defi #trading

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