$SPELL /USD Market Analysis: Eyeing Breakout Levels

Current Price: $0.0009446

24H Change: +2.4%

SPELL has been consolidating near its current level, building momentum for a potential breakout. Bulls are attempting to reclaim critical resistance levels while maintaining strong support zones.

Key Levels to Watch

Resistance:

$0.0009600 – Immediate resistance; a breakout here could trigger bullish momentum.

$0.0010200 – A major level that could attract profit-taking.

Support:

$0.0009200 – Strong support zone; a breakdown could lead to further bearish pressure.

$0.0008800 – Key support to watch in case of extended correction.

Trade Setup

Bullish Scenario: A sustained move above $0.0009600 could target $0.0010200, aligning with broader market strength.

Bearish Scenario: A drop below $0.0009200 may open the path toward $0.0008800, creating a potential buying opportunity for dip traders.

Watch for volume spikes and market sentiment to validate directional moves. SPELL traders should stay cautious around resistance zones.

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