$SPELL DIPPING AFTER REJECTION – IS A BOUNCE COMING? 🚨
Current Price: $0.0005950 USDT
SPELL is down 4.68% after hitting resistance, pulling back from recent highs. The market is cooling off after a quick spike, and traders are closely watching to see if it finds support for a potential rebound.
💡 CRITICAL Levels to Watch:
📉 Support at $0.00005850 USDT – This level is key. If it holds, we could see a bounce back toward the $0.00006500 zone.
🚧 Resistance at $0.00006300 USDT – If the price pushes higher, this level will be the next key hurdle for SPELL to clear.
📈 Bullish Scenario: If buyers step in near the $0.00005850 support zone, we might see a recovery rally, with the potential to retest the $0.00006500 USDT level.
🚀 Next Target: $0.00006500 USDT
⚠️ Risk of Further Drop: If support fails, a deeper correction could be on the horizon, potentially pushing the price toward $0.00005500 USDT.
Stay alert! SPELL could either stage a quick recovery or continue its downward trajectory depending on how it behaves around these critical levels!
