$SPK Testing Key Resistance — Will Bulls Sustain or Fade?
SPK/USDT is currently trading at 0.03272 after a sharp rally from the 0.03007 zone. The price is now consolidating just below a key resistance band between 0.03290 and 0.03320. Volume is elevated, suggesting heavy activity at this level. The next move could determine whether continuation or rejection follows.
Key Technical Levels
• Resistance Zone: 0.03290 – 0.03320
A clean break and close above this zone could confirm further upside.
• Support Zone: 0.03220 – 0.03200
This level is holding the current structure. A break below could invite strong selling pressure.
Trade Setup
Bullish Scenario
• Entry: Above 0.03320 (confirmed breakout)
• Target 1: 0.03380
• Target 2: 0.03450
• Stop Loss: Below 0.03240
Bearish Scenario
• Entry: Below 0.03200 (confirmed breakdown)
• Target 1: 0.03130
• Target 2: 0.03050
• Stop Loss: Above 0.03290
What to Watch
• Sustained volume near the resistance zone
• Failed breakouts with long upper wicks
• Bullish engulfing or strong close above 0.03320 for confirmation
SPK is sitting at a critical inflection point — breakouts can trap or trend. Patience and confirmation are key.