SPKUSDT Breaks Key Support — Can 0.0213 Hold?

Summary
• Price formed a bearish engulfing pattern near 0.0219–0.0217 resistance, followed by a breakdown.
• Momentum slowed with RSI dipping toward oversold levels below 30 after 0.0213 support.
• Volatility expanded in early hours, with a 2.4% range between 0.0220 and 0.0214.
• Volume spiked during the 00:15 ET 5-minute candle, confirming a sharp pullback to 0.0215.
• A 0.0217–0.0219 consolidation area now appears key ahead of potential countertrend bounces.

The SPKUSDT pair opened at 0.021495 on 2026-02-06 12:00 ET and closed at 0.020845 on 2026-02-07 12:00 ET. The 24-hour high was 0.022045, and the low was 0.020363. Total volume reached 131,172,818.0 and turnover was 2,815,426.98.

Structure & Formations

A bearish engulfing pattern formed around 0.0219–0.0217, signaling a potential reversal. Price then broke down through 0.0215 support, failing to reclaim previous levels. A doji appeared near 0.0213, indicating hesitation.

Moving Averages

On the 5-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing bearish bias. Daily averages suggest a wider consolidation phase.

MACD & RSI

The RSI dipped below 30 after the breakdown, indicating oversold conditions. MACD showed bearish divergence, with a narrowing histogram and a negative crossover.

Bollinger Bands

Volatility expanded after 00:00 ET, with a range of 0.0220–0.0214. Price later settled closer to the lower band, indicating potential for a retest of the 0.0213–0.0215 range.

Volume & Turnover

Volume spiked during the 00:15 ET candle, confirming the sharp pullback to 0.0215. A divergence between volume and price emerged in the later hours, suggesting caution.

Fibonacci Retracements

The 61.8% level of the 0.0219–0.0214 move is at 0.0216, a potential key level for a bounce. Daily retracements may test the 0.0213–0.0217 range.

Price appears to be testing key support near 0.0213 and may attempt a short-term rebound. A failure to reclaim 0.0216 could lead to further downside. Investors should monitor volume for confirmation of a reversal.