✨ SPELL – Governance Token of Abracadabra Money
• Current price: Approximately $0.00052, slightly down over the past week
• Market capitalization: Nearly 85 million USD
• Total supply: 210 billion SPELL, approximately 78% in circulation
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💡 Role & Tokenomics
• SPELL is the governance token of the Abracadabra.money ecosystem – where users collateralize yield-bearing assets to borrow the stablecoin MIM
• Staking SPELL into sSPELL helps receive revenue sharing from the ecosystem
• Token burn mechanism and fee sharing incentivize long-term holding
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📉 Technical Analysis
• RSI and MACD indicate accumulation at the bottom
• MA200 is still declining, needs to break resistance at $0.00060 to confirm a reversal
• Strong support at $0.00050, if maintained, it could target the range of $0.0008–0.0010
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📰 News & Trends
• DeFi is making a comeback, demand for stablecoins increases helping Abracadabra recover
• SPELL benefits from staking sSPELL for revenue sharing
• The community is monitoring MIM's ability to compete with other stablecoins
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✅ Risks & Outlook
Risks:
• High inflation rate puts selling pressure
• Market liquidity is still thin, prone to strong volatility
Potential:
• SPELL could increase 2–3 times if DeFi recovers and MIM expands market share
• Long-term investment may leverage staking to optimize profits
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📌 Suggested Strategy
• Long-term: Accumulate around $0.00050, take profits when breaking $0.0008–0.0010
• Short-term: Observe the $0.00060 area – if there is a strong breakout, consider entering a position
• Avoid FOMO when there is no clear trend confirmation signal
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