$SPK /USDT | 15M Price Action Analysis

SPK is currently in a short-term consolidation phase after a sharp spike and dump. The impulsive move to 0.02275 was followed by aggressive profit-taking, and price is now stabilizing around EMA 7, EMA 25, and EMA 99, indicating a temporary balance between buyers and sellers.

Market Structure

Strong impulsive pump → corrective pullback

Selling pressure absorbed near 0.0204

Price compressing above EMA 99, hinting at a potential base

Key Levels

Immediate Support: 0.0204 – 0.0201 (EMA 99 / structure low)

Range Support: 0.0206

Resistance: 0.0212 – 0.0215

Major Resistance: 0.0227

Scenarios

Bullish continuation: Holding above 0.0204 with a breakout over 0.0215 can trigger a move toward 0.0227

Bearish rejection: Failure to hold 0.0204 may lead to a drop toward 0.0201, invalidating the base

Bias: Neutral to mildly bullish

A clean breakout from this tight range will define the next direction. Wait for confirmation and manage risk strictly.