đ¨ $SPK /USDT DeFi Consolidation or Breakout Ahead? đ§
$SPK is trading at $0.035960, down -2.79% today, with a notable -13.69% weekly decline. Despite this, institutional volume is holding strong at 1.55M, suggesting continued interest even during this correction.
đ Key Levels:
Strong Support: $0.035286 (24H low, must hold)
Immediate Support: $0.03580
Current Resistance: $0.036400
Major Resistance: $0.036600 (psychological barrier)
Target Resistance: $0.037000+ (potential breakout zone)
đ Bullish Scenario (Moderate Probability):
⢠Entry Zone: $0.03580 â $0.03620
⢠Targets: $0.03650 / $0.03700 / $0.03750
⢠Stop Loss: $0.03520
If $SPK can reclaim and hold above $0.03640, momentum could build for a push higher toward $0.0375.
đ Bearish Scenario:
⢠Breakdown Trigger: Below $0.03520
⢠Targets: $0.03480 / $0.03450 / $0.03400
⢠Rally Stop: $0.03680
Failure to hold the critical $0.035286 support could see deeper downside toward the $0.034 zone.
đ Market Outlook:
SPK is showing resilience but is still stuck in a correction phase. Broader DeFi sentiment and market conditions will heavily influence the next leg. For bigger bullish moves, eyes should remain on a breakout above $0.0370 and especially a reclaim of the higher $0.057 resistance to target new highs long term.
â ď¸ Stay cautious tight risk management is critical in these choppy ranges.