$SPK Tightening at Lows — Breakdown or Bounce in Sight?
SPK is currently trading at $0.1199, down -6.76% on the day. After a steep correction from the $0.1317 high, price is compressing between resistance and support — signaling a potential breakout setup.
Key Levels to Watch
• Resistance Zone: $0.1225 – $0.1240
A move above this could open short-term upside momentum.
• Support Zone: $0.1190 – $0.1175
Losing this range may extend the downside toward recent lows.
Trade Setup – Coiled and Ready
Bullish Scenario
Entry: Break above $0.1225
• Target 1: $0.1255
• Target 2: $0.1280
Bearish Scenario
Entry: Break below $0.1190
• Target 1: $0.1165
• Target 2: $0.1140
Volume & Order Flow:
Volume SMA sits at 245K, showing steady interest, but seller pressure leads with 55.34% dominance in the order book. Bulls must step in with stronger volume to reclaim control.
SPK is compressing in a narrowing price zone. A breakout in either direction is likely soon. Trade only on confirmed breaks with volume confirmation.
