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$SPK /USDT – 4H Technical Analysis Status: Weak Bounce Aft

CryptoPotato

Updated at: 5 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}

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