The $SPELL chart showcases a remarkable bullish surge, with the price soaring to $0.0008835, reflecting an impressive 14.99% gain in the past 24 hours. The price is approaching its 24-hour high of $0.0009441, with strong support at $0.0007574.
The 7-day (MA7: $0.0007535) and 25-day (MA25: $0.0007733) moving averages are indicating bullish momentum, while the price holding above the 99-day moving average (MA99: $0.0007621) further solidifies this trend.
With an extraordinary trading volume of 26.76B SPELL and $22.74M in USDT, liquidity is abundant, presenting excellent trading opportunities. Traders should watch for a breakout above $0.0009441 to confirm further bullish movement while using pullbacks to the support zone for well-timed entries.
Strategic risk management is key to capitalizing on this momentum-driven market.
