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🧠 SPK, a trending altcoin with speculative buzz, just plunged 8.95% in the last 24 hours. With RSI deep in oversold territory and volume still active, traders are watching for a potential dead cat bounce—or a full breakdown continuation.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.0962
- Resistance: $0.1120
- Pattern: No breakout; RSI at 21.62 signals extreme oversold conditions
- Volume: 25.99M trades—still active, but tapering
- Indicators: RSI (21.62) suggests possible bounce zone; MA(5) and MA(10) show bearish crossover
- Outlook: Bearish short-term, but oversold bounce possible if volume spikes
📰 Market Data & News
- Current Price: $0.098072
- 24h Change: -8.95%
- No major headlines—SPK’s move is purely technical
🔄 Scenario Breakdown
- Bullish Case: RSI recovery + volume surge could push SPK toward $0.1120
- Bearish Case: Break below $0.0962 confirms deeper downside, possibly toward $0.085
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🔴 High – Volatile price swings, weak support, unclear trend
Will SPK bounce from extreme oversold levels or break down further? Drop your take below 👇
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📢 Not financial advice. Use this analysis as a learning tool, not a trading signal. DYOR and manage your risk.