$SPK Testing Support After a Sharp Drop: Will Buyers Step In or Will Selling Continue?
SPK is trading at $0.08568, attempting to stabilize after a strong downward move earlier in the session. Price is holding near support, and the next move will reveal if bulls can stage a rebound or if bears push for new lows.
Key Levels to Watch
• Resistance: $0.08700 – A breakout above this could push SPK toward $0.08820 and $0.08900.
• Support: $0.08550 – A breakdown below this could send SPK toward $0.08400 and $0.08250.
Trade Setup – Stay Alert for Reversal or Breakdown
• Bullish Entry: A confirmed close above $0.08700 could target:
• $0.08820
• $0.08900
• Bearish Entry: A drop below $0.08550 could target:
• $0.08400
• $0.08250
Market Insight:
The Volume remains elevated, signaling strong participation from both buyers and sellers. Watch for a decisive breakout or breakdown before taking positions.