$SPK /USDT – BEARS STILL IN CONTROL, BUT SHORT-TERM RELIEF BOUNCE POSSIBLE

SPK has faced heavy selling pressure after failing to hold above $0.1052, triggering a sharp drop to the $0.0877 support zone. Current price action shows consolidation with mild upward attempts, but the broader structure remains bearish unless price reclaims $0.0972. Any short-term bounce could face resistance quickly if selling resumes.

Trade Setup:

Entry (Short): $0.0925 – $0.0945

Targets:

TP1: $0.0890

TP2: $0.0877

Stop Loss: $0.0973

Market Outlook:

Momentum is still favoring sellers with the 5MA trending below the 10MA and volume spikes on red candles signaling aggressive exits. Unless bulls push price above $0.0972 with strong volume, rallies will likely be sold into. A retest of $0.0877 support remains probable.

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