$SPK is not bullish just because it looks cheap.
It’s at $0.0184, down 2.22% today with $1.00M traded. That’s not capitulation. That’s weak demand. 😬
I’ve been burned buying “discounts” while price sat below both the 20d and 50d MAs.
RSI is 49, 4h momentum is down 2.9%, and longs are still paying 0.005% funding. Meanwhile, SPK is 35% below its 30d high. That’s the opportunity, but volume is only 1.0x average, so there’s no real reversal signal yet.
If it reaches $0.018, I’d watch for buyers to reclaim it before doing anything.
$BNB can hold up while smaller names keep bleeding. Patience beats catching another falling knife. 🔥
#SPK #Crypto #Binance