$SPELL /USDT has surged by 29.94% in the last 24 hours, reaching $0.0006963, with a 24-hour high of $0.0006966. While this indicates strong buying interest, caution is warranted. The RSI is at 84.69, firmly in overbought territory, signaling that a correction is likely soon. The price has also pushed above the upper Bollinger Band, reinforcing the risk of a pullback.

Although the MACD remains bullish, the overextended conditions suggest that the upward momentum may not last much longer. Traders should closely watch for signs of reversal and be prepared for a potential drop.

Risk management is essential in such volatile conditions.

#SPELL , soon going down!

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