$SPK /USDT – 4H Technical Analysis Status: Weak Bounce Aft
koinmilyoner
Updated at: 4 hours ago
{"content":"$SPK /USDT – 4H Technical Analysis
Status: Weak Bounce After Initial Listing Hype
📉 Overview:
After the initial explosive candle that peaked near $0.08, SPK has entered a consistent downtrend, losing nearly 50% of its value.
Currently consolidating around $0.040, struggling to reclaim short-term MAs.
📊 Technical Signals:
MA 7 < MA 25 — downtrend is still intact.
Price is below all moving averages, indicating weakness.
No clear reversal yet — candles show low volatility and indecision.
🎯 Key Levels:
Resistance 1: $0.0435 (MA 25)
Resistance 2: $0.048 (local structure top)
Support 1: $0.0385
Support 2: $0.0350 — if broken, could open the door for deeper correction toward $0.03
🔍 Outlook:
Unless SPK manages to flip $0.043–0.045 with strong volume, this could just be a dead cat bounce inside a listing dump.
Keep an eye on volume spikes — any surge above $0.048 might confirm a short-term trend reversal.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/22/8e08dbe0b03a469d9bd83bcbf91d9c6f.png"],"tags":[],"tradingPairs":["SPK/USDT"],"quotearticleid":0}