🚨 Attention, crypto family! Watch out for $SPELL/USDT which is making waves. After an interesting rally, it seems that the manipulators are at it again, as always. But don’t be alarmed!
Currently, the price is at $0.0005607, with an increase of 4.96% in the last 24 hours. Volatility is the name of the game! We have seen a high of $0.0005942 and a low of $0.0004934. The 7-period moving average (MA7) is at $0.0005499, and the 25-period moving average (MA25) is at $0.0005341. This indicates a possible short-term bullish trend, but with caution!
The trading volume in the last 24 hours is 13.12M in SPELL and 7.18M in USDT, which is healthy and shows interest. However, we must be aware of the sell walls. In the order book, demand is at 19.38% against a supply of 80.62%. This could indicate significant selling pressure, orchestrated to shake traders! Be very careful with that manipulation that is always lurking.
If $SPELL manages to break and consolidate above $0.0005942, we could see the next targets at $0.0006 and $0.0007. But if the manipulators succeed and the support does not hold, we might look towards the $0.0005 zone and even $0.0004.
Patience is key here, and HODL wisely! Always manage your risk and don’t let FOMO or FUD drive you. The market is not a child's play, and manipulation is real!
