$SPELL / USDT Showing Downtrend on Binance - Watch for Support 🧙‍♀️

Hey SPELL Community and Binance Traders!

Looking at the $SPELL / USDT 4-hour chart, we're observing a continued downward trend. Currently trading at 0.0005284 USDT, it's down -2.81% in the last 4 hours and -0.19% today.

After a recent peak, SPELL has been consistently making lower highs and lower lows. It's currently near the 24-hour low, suggesting potential for further decline if support doesn't hold.

Key Levels to Monitor Closely:

* Support: The 24-hour low of 0.0005264 USDT is the immediate support level. A break below this could lead to a test of lower levels.

* Resistance: The recent high of 0.0005645 USDT is the next significant resistance to overcome for any potential bullish reversal.

What's your outlook on $SPELL ? Do you think it will find support soon, or will the downtrend continue?

Let's share your analysis and trade carefully!

#SPELL #SPELLUSDT #AbracadabraMoney #Downtrend #SupportLevels