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Spell Increases By 27% Due to 🛒🛍️ Massive
• The SPELL token is trading at $0.000588, with a 27% increase due to strong buying pressure
• Volume increased drastically breaking the bearish pattern from July 19
• It is part of the overall positive momentum in the crypto market, with a global market capitalization of $3.89T
• It is trading significantly below its previous peak of 2025, which showed gains of 140%
Market driving factors
• No fundamental catalysts have been identified; mainly speculative trading activity
• Its utility in governance for Abracadabra.money and the MIM stablecoin ecosystem remains valid
• Renewed interest from traders is evidenced by the increase in volume breaking the recent bearish pattern
• It benefits from the positive sentiment in the overall market, with BTC recently rising by 0.80%