$SPK Tight Range Battle: Is a Breakout About to Explode?
SPK is stuck in a narrow zone around $0.03087, struggling to reclaim higher ground while bulls and bears fight for control. Price action shows repeated rejection near resistance, but strong defense at the $0.03080 level hints at a breakout build-up.
Key Price Levels
Resistance Zone: $0.03095 – $0.03110
A breakout above this area may trigger bullish momentum toward $0.03140 and $0.03180.
Support Zone: $0.03080
If this level breaks, it may slide toward $0.03050 and possibly $0.03010.
Trade Plan
Bullish Setup:
Buy on breakout above $0.03110
• Target 1: $0.03140
• Target 2: $0.03180
• Stop-loss: Below $0.03080
Bearish Setup:
Sell on breakdown below $0.03080
• Target 1: $0.03050
• Target 2: $0.03010
• Stop-loss: Above $0.03095
Volume is thinning, but price compression suggests a big move could be loading. Patience may pay.