Based on the trading chart shown for SPELL/USDT, I notice some significant price action:

1. The token is showing a strong upward momentum with a +27.23% gain, currently trading at $0.00180280

2. The trading volume has significantly increased, with a 24h volume of 555.19M USDT

3. The MACD indicator is showing a bullish crossover

4. The token has seen impressive gains across all timeframes, with:

- 32.16% today

- 105.45% over 7 days

- 247.76% over the past year

However, I should note that I cannot speculate about specific reasons for the price movement, as that could mislead investors. Cryptocurrency markets are highly volatile and risky. Before making any investment decisions, you should:

- Do your own research (DYOR)

- Review the project's fundamentals

- Consider your risk tolerance

- Never invest more than you can afford to lose

- Consult with a financial advisor if needed