$SPELL /USDT COOLING DOWN AFTER A STRONG RALLY – WHAT’S NEXT? 🔥
$SPELL hit a 24H high of 0.0008600 before facing rejection, now consolidating around 0.0007591 with a +19.11% gain on the day.
Key Levels to Watch:
Resistance: 0.0007757 - 0.0008232 (Breakout Zone)
Support: 0.0007281 - 0.0006806 (Critical Demand Zone)
Technical Outlook:
Strong Pump Followed by Pullback – Price surged from 0.0006438 but faced rejection at 0.0008600, leading to a corrective phase.
Consolidation Phase in Play – Holding above 0.0007281 is key for bullish continuation.
Volume Declining – A breakout attempt needs renewed buying pressure above 0.0007757.
Potential Scenarios:
✅ A move above 0.0007757 could push price towards 0.0008232 - 0.0008600 again.
⚠️ Losing 0.0007281 could open the door for a deeper correction toward 0.0006806.
Pro Tip: Look for volume confirmation before entering—breakout or breakdown will be clearer with a surge in liquidity! 🚀
