SPK Technical Breakout: Trend Reversal Signal Emerging



SPK has just cleared a critical resistance—the long-term descending trendline that's been capping price action for quite some time now. This breakout marks a meaningful shift in market structure, hinting at a potential trend reversal.

What makes this move credible? Volume. It's been climbing as price pushed higher, which tells us real buying pressure is stepping in after an extended period of seller dominance.

The numbers back the story: quarterly lows sit at $0.02910, representing a +26.0% move from those depths. This kind of recovery from multi-month lows, paired with trendline penetration and expanding volume, suggests renewed interest from market participants.

Whether this becomes a full trend pivot or a temporary relief bounce will likely depend on how price holds above this broken resistance level. Either way, the technical setup is worth monitoring for traders watching the SPK pair on the daily timeframe.
SPK2,37%
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GasFeeWhisperervip
· 14h ago
Volume is talking, this is the real breakthrough
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DuskSurfervip
· 14h ago
The trading volume has caught up, and this time SPK might really turn things around.
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NoodlesOrTokensvip
· 14h ago
Breaking below is just breaking below; if the trading volume follows, it indicates real money is entering the market, which is more reliable.
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ShibaMillionairen'tvip
· 14h ago
The volume has increased, now it's interesting; otherwise, it's just a false breakout scenario.
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DefiOldTrickstervip
· 14h ago
Is it another breakthrough of the resistance level? As an old hand, I've seen too many false breakouts haha, but this time the trading volume is really picking up, and it's quite interesting...
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