Spell
SPELL/USDT — Long-Term Accumulation or Final Breakdown?Since early 2022, SPELL has been in a strong downtrend, followed by a multi-year consolidation. Right now, the price is once again sitting inside the critical accumulation zone (0.00034 – 0.00047), which has been tested multiple times over the past 2+ years. This area represents a major battleground between long-term buyers looking for undervaluation and sellers maintaining downward pressure.
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🔎 Chart Structure & Pattern
Macro Downtrend: clear series of lower highs and lower lows since 2022, showing dominant selling pressure.
Rectangle Accumulation: since 2023, price has been moving sideways inside the yellow support box (0.00034 – 0.00047).
Repeated Rejections: every dip into this zone was met with sharp wicks upward, showing demand.
But... if this zone fails, it may confirm exhaustion of buyers and open the door for deeper downside.
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🚀 Bullish Scenario (Rebound & Reversal)
For SPELL to flip bullish, these conditions must be met:
1. Support Holds: weekly close remains above 0.00034.
2. Breakout Confirmation: price must break and hold above resistance levels at 0.00065 → 0.00078 → 0.00117.
3. Volume Expansion: strong volume on the breakout to confirm real demand.
🎯 Bullish Targets:
Short-term: 0.00065 – 0.00078
Mid-term: 0.00117 – 0.00151
Long-term (major reversal): 0.00331 – 0.00582
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⚠️ Bearish Scenario (Breakdown & Continuation)
If SPELL closes below 0.00034 on the weekly, it will confirm a major breakdown:
Long-term holders may cut losses, adding further selling pressure.
With no strong historical support below, price may seek psychological levels lower.
This could trigger a capitulation phase, creating new lows before a potential cycle reset.
🎯 Bearish Targets:
Psychological support at 0.00020 – 0.00025 or even deeper levels due to lack of structure below.
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🧩 Conclusion & Narrative
SPELL is at a make-or-break zone:
If 0.00034 – 0.00047 holds, we could see a significant rebound with multi-level rally potential.
If it breaks, we may enter a new bearish leg with much lower prices ahead.
For traders, this area can be approached two ways:
Aggressive Strategy: accumulate inside support with a tight stop below 0.00034.
Conservative Strategy: wait for a confirmed breakout above 0.00078 and enter on the retest.
📌 Bottom line: This zone is not just numbers — it’s the cycle-defining area for SPELL in the coming months and possibly years.
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#SPELL #SPELLUSDT #Crypto #Altcoin #TechnicalAnalysis #SupportResistance #PriceAction #CryptoAnalysis #Accumulation
SPELLUSDT Descending ChannelSPELLUSDT Technical analysis update
SPELL price exceeded the resistance line of a descending channel pattern on the day chart, accompanied by high volume. While this could indicate potential upward movement in the coming days
Buy level: Below $0.00070
Stop loss : $0.00057
Regards
Hexa
SPELLUSDT Forming Bullish Falling WedgeSPELLUSDT is currently exhibiting a bullish falling wedge pattern, a formation that often precedes a significant upward breakout. The price has been gradually compressing between converging trendlines, and recent candles suggest growing bullish pressure near the wedge’s support. With a good volume profile backing this consolidation, the chart structure is lining up for a potential breakout that could yield a projected gain of 90% to 100% in the near term.
Spell Token (SPELL) powers the Abracadabra.money ecosystem, a DeFi lending protocol that allows users to borrow stablecoins using interest-bearing assets as collateral. As DeFi begins to regain traction in the broader crypto market, SPELL is drawing more investor attention due to its utility and role within a growing protocol. This resurgence in investor interest is aligning well with the technical setup, indicating strong potential for bullish price action.
Technically, a breakout from the falling wedge pattern with sustained volume could confirm the bullish reversal. Once the resistance line is breached, it may trigger an impulsive rally with minimal overhead resistance, creating an ideal scenario for swing traders and short-term investors targeting explosive moves. The projected upside from the current pattern breakout points toward levels not seen since previous local highs, reinforcing a bullish narrative.
In summary, SPELLUSDT is showing strong signs of a trend reversal with an ideal bullish chart pattern and healthy volume. The convergence of technical indicators, pattern formation, and growing market interest sets the stage for a potential high-reward setup in the coming weeks.
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SPELL/USDT Analysis – Possible Strong Correction
This asset is completing the formation of a reversal structure.
Above the current price levels, there are strong volume-based sell zones. If a reaction occurs from these zones, a sharp decline may follow, with the potential to reach the current low at $0.00051.
Sell Zones:
$0.00068–$0.000706,
$0.000724–$0.00074.
This publication is not financial advice
SPELLUSDT | Buyers Are Stepping In, Green Box Marks Key SupportVolume and order-flow data show genuine buying interest in SPELLUSDT right now. The green box on our chart highlights a zone where buyers have consistently defended price, making it a reliable area for potential entries.
🟢 Support Zone to Watch
The green box aligns with previous demand levels. When price revisits this area, it often pauses or rebounds as buyers step back in.
A clean bounce off this zone coupled with a higher-low on a 5‑ or 15‑minute chart gives us the confirmation we need.
🔍 Confirmation Criteria
Lower-Time-Frame Structure
Wait for price to form a solid base inside the green box before getting involved.
CDV and Volume
Look for a shift in cumulative delta volume and an uptick in buying volume to validate the move.
🎯 Trade Plan
• Long Entry when the green box holds and confirmation appears on lower time frames.
• Stop Placement just below the green box to keep risk defined.
• Adapt if Price Breaks Down: I will not insist on a long if support fails without a retest. In that case, I’ll step aside and look for the next setup.
This approach helps you trade with confidence rather than guesswork. By waiting for clear signs of buyer strength in the green box, you align yourself with the market’s true intent. Stay patient, watch the signals, and let’s capture the next move together.
📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
🔑I have a long list of my proven technique below:
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🐶 DOGEUSDT.P: Next Move
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📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
📊 BTC.D: Retest of Key Area Highly Likely
📊 XNOUSDT %80 Reaction with a Simple Blue Box!
📊 BELUSDT Amazing %120 Reaction!
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
#SPELL (SPOT-INVEST) IN(.00051- .00070)T.(.0120) SL( .0004663)BINANCE:SPELLUSDT (DEFI)
Entry (.00051- .00070)
SL 1D close below 0.0004663
T1 .0020
T2 .0028
T3 .0044
T4 .0120
Extra Target .0200
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
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This trade advices.
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1- this coin may give you more than 10X in the end of bull market if you could hold it with market volatility
2- after crossing .002 nothing will stop this coin to achieve all the targets
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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S-P-E-L-LSpell seems VERY VERY interesting. Looking at spell and comparing it to XCN which had absolutely insane gains this past month. Spell could quite possibly do the same. Nearly 2000% to the top. Just like XCN with is waterfall downward with similar pushes near the bottom.
Also volume is picking up heavily.
one more touch to the top line and we could see a quick 80%+ push (practically a meme coin)
We have 3 taps to the resistance line around $0.0018350.
We could see the first push to
$0.0033701
Small retrace and push all the way to $0.006
This is a risky trade, wait for confirmation before entering. Keep in mind it’s quick percentage up but it’s the same for down.
Good luck and have fun with it.
SPELL is set for a bull run aheadThe liquidity pools are located at the top of the chart. The upper pivots have been used up. This is suitable for Spot trading. After clearing 0.00014580, we can initiate a BUY when the price returns to the green zone and hold the position until it reaches the red zone.
To manage risk and control traders' emotions, target levels have been provided where traders can take profits in stages and move their stop-loss higher.
A candle closing below the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SPELLUSDT (SpellToken) Updated till 18-01-25SPELLUSDT (SpellToken) Daily timeframe range. PA tried at 0.0011704 but seller overcome that resistance. depend on cool down if buyers hold on to it in mid level than we can see another push. local support 0.0006925 if holds, there will be always another chance.
#SPELL/USDT#SPELL
The price is moving in a descending channel on the 12-hour frame, about to break upward
With a strong support area in green at 0.0007000, the price has already bounced from it
We have a trend to touch the Moving Average 100
We also have a downtrend on the RSI that has been breached upward
A moderate rise is expected over 3 levels
Entry price is 0.0008440
The first goal is 0.0009613
The second goal is 0.001150
The third goal is 0.001274
Spell Token (SPELL)Spell Token is a reward token associated with abracadabra, a lending platform that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use.
Anyway, it is clear that SPELL has changed direction from downward to upward. It seems that SPELL is making a Cup and Handle pattern; if true, considerable growth is expected. Let's see what happens.
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area
could be prove to be fruitful
when we get out general Altcoin rally
The investment thesis is quite simple
people will see that Fantom might be trading at a $1.50 soon enough
And think damn , I missed a 10X
what can I buy in the fantom the ecosystem to catch up that 10X
So they venture further down the risk spectrum
And find spell, spookyswap, tomb etc
You get the idea don't you
It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???