$SPK

/USDT BEARISH BREAKDOWN IMMINENT — SELL PRESSURE DOMINATES AT KEY SUPPORT ZONE

Immediate Explanation:

$SPK/USDT has broken below a critical support level at $0.0412 and is hovering just above $0.0400 with strong downward momentum (-5.65%). The rejection from the $0.0468 resistance zone and consistent lower highs across multiple timeframes (15m, 1h, 4h) signal a bearish continuation. The inability to reclaim $0.0427 and the high 24h volume (568.54M SPK) on red candles further confirm seller control.

Trade Setup:

Short Entry: $0.0402 - $0.0410

Targets (TP):

TP1: $0.0385

TP2: $0.0369

Stop Loss (SL): $0.0428

a Outlook:

SPK is under increased selling pressure with no major reversal indicators in sight. A decisive break below $0.0400 could trigger further downside acceleration. Unless it reclaims $0.0427 quickly, SPK is poised for deeper correction in the short term.

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