$SPELL /USDT – BULLISH REVERSAL IN PLAY, BUT CAN IT HOLD?
$SPELL is up +14.51%, currently trading at $0.0009968, after bouncing from the 24H low of $0.0008504. The price hit a high of $0.0010706, but rejection suggests a possible pullback before another push higher.
Key Levels to Watch:
🔹 Resistance: $0.0010706 – A breakout could open doors to $0.0010817
🔹 Support: $0.0009363 – Holding above this level is key for sustained upside
🔹 Parabolic SAR: $0.0009059 – A drop below this could signal short-term weakness
Potential Scenarios:
✅ Bullish Continuation: If $SPELL holds above $0.0009847, another retest of $0.0010706 is likely.
❌ Bearish Reversal: Losing $0.0009363 could trigger a move toward $0.0008878 support.
Volume & Trend Check: Increasing buy volume could push SPELL into a stronger breakout, but a rejection at $0.0010706 might cause short-term consolidation.
🔥 Breakout Watch: A close above $0.0010817 could confirm a bullish rally!
