After a fiery rise exceeding +100% within 24 hours, the SPK/USDT pair now stands at $0.1520, amidst notable technical momentum. Here’s an in-depth technical look:
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🔸 Key technical data:
Today's highest peak: $0.2022
Lowest low today: $0.0721
High trading volume: Over 406 million USDT reflecting institutional interest or sudden liquidity injection.
Recent candles: Attempting to stabilize after a natural correction following a price explosion.
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📊 Notable technical indicators:
RSI (6): At level 65 – indicates approaching the overbought territory, but there is still room for upward movement before a reversal occurs.
KDJ (K: 70 / D: 53 / J: 103): Clear positive crossover, with an explosion in J, indicating strong renewed buying momentum.
MACD (not shown here, but based on KDJ and RSI it appears positive).
Volumes: Clear volume explosion coinciding with the rally, supporting the legitimacy of the rise.
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🧭 Support and resistance levels:
🔻 Immediate support: $0.1437
🛡️ Stronger support: $0.1226
🔺 First resistance: $0.1648
🔺 Critical resistance: $0.2022 (today's high)
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🚀 Possible scenarios:
1. Positive scenario (currently likely):
Continuation of momentum provided that support at $0.1437 is maintained, opening the door for a retest of $0.1648 and then $0.2022. Breaking the latter may lead to a new price discovery wave.
2. Corrective scenario:
If it fails to hold above $0.1437, we may see a retest of the $0.1226 areas, which is a potential buying rebound opportunity.
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🧠 Summary and Recommendations:
Short-term trend: Cautiously bullish
Buying after a clear breakout of $0.165 with volume confirmation is considered safer.
It is not advisable to chase prices now without a stop loss below $0.1226
