Market Outlook — $SPK 1D Technical Bias
#SPK remains under bearish pressure, unable to break above critical resistance near 0.040. Failure to hold above this level may lead to a deeper decline toward support around 0.023. A convincing break and retest above 0.040 would be required to shift momentum bullishly.
The price struggles below resistance at approximately 0.040, with rejection here signaling further downside risk targeting the 0.023 support zone. Bullish momentum would only gain traction if the price breaks above 0.048 with volume confirmation, or sweeps below the recent lows and rebounds sharply. The current setup favors sellers unless a clear reversal pattern emerges.
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