Currently, the SPK is in a range oscillation state.
From a technical perspective, the core driver is that prices are running between the strong support level of 0.11949 and the strong resistance level of 0.12278. These two points have significant technical meaning, and any breakout situation is worth close attention. The K-line pattern shows a bullish engulfing, releasing a certain short-term bullish signal, but the moving average system is in a tangled state, and prices are below both short-term and long-term moving averages, leading to unclear trends. This could not only prolong the oscillation but also result in a failed direction choice, which is a major potential risk.
Overall analysis and judgment indicate that SPK is clearly in a range oscillation, with prices fluctuating between the aforementioned key support and resistance levels, and there may be a direction choice in the short term. However, the condition of the moving average system weakens the strength of trend signals, further solidifying the judgment of the oscillation pattern.
In terms of the external environment, the overall rating is neutral. Market sentiment is neutral, with the Fear & Greed Index showing NEUTRAL, limited macro pressure, and no major event risks in the near term. The news flow consists of mixed factors, with positive news such as support for cross-chain technology and inflow of institutional funds, while negative news includes investigations into crypto fraud cases and the termination of stablecoin agreements. These factors offset each other, failing to provide the market with a clear direction. Under the combined effect of internal and external environments, the market is likely to remain primarily in range oscillation in the short term, with the focus on the breakout situation of key price levels.
In the technical diagnosis, the market state is identified as 'range oscillation'. Key findings include: the bullish engulfing pattern of the K-line supports short-term bullish sentiment, but the unclear trend indicated by the moving average system contradicts this bullish signal, and the current price is between the aforementioned strong support and resistance levels.
Macroeconomic and sentiment diagnostics show that the external environment is overall 'neutral'. Core evidence includes neutral market sentiment, mixed news flow, and no significant event risks, with limited macro pressure.
Comprehensive analysis suggests the following range trading strategy plan for reference based on individual risk preferences.
Strategy 1: [Sell High - Range Oscillation Strategy]
Entry area is 0.1225 USDT, stop-loss price 0.1235 USDT, target area 0.1205 USDT. The strategy is based on the current market being in a range oscillation, with prices close to the strong resistance level of 0.12278, coupled with the unclear trend indicated by the moving average system, making it reasonable to short near the resistance level. If the price breaks through and stabilizes above 0.12350, it means the resistance level is invalidated, and the market direction needs to be reassessed; this is the scenario for strategy failure.
Strategy 2: [Buy Low - Range Oscillation Strategy]
Entry area 0.1196 USDT, stop-loss price 0.1188 USDT, target area 0.1215 USDT. The strategy is based on the market being in a range oscillation, with prices close to the strong support level of 0.11949. At the same time, the K-line shows a bullish engulfing signal, making it reasonable to go long near the support level, which aligns with the oscillation pattern and captures rebound opportunities, with a high probability. If the price falls and stabilizes below 0.11880, the support level is invalidated, and the market direction needs to be reassessed; this is the scenario for strategy failure.
