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Recently, the price movement of SPK has been like a thrilling suspense drama. On July 23, its price shot up like a suddenly ignited rocket, soaring from 0.09 to 0.188, accompanied by an astonishing Trading Volume of 3.7 billion. However, this dramatic pump lasted only a day. The next day, the price plummeted like a cliff to 0.091, catching many investors off guard.
Currently, the price of SPK hovers around 0.099, but there seems to be an undercurrent behind the market. By analyzing recent market conditions, it can be inferred that the average cost for the whales may be between 0.10 and 0.11, slightly above the current market price. This subtle cost difference makes the possibility of a large-scale sell-off relatively low.
It is worth noting that the current market exhibits typical "grinding accumulation" characteristics. The daily candlestick is fluctuating within a narrow range of 0.095 to 0.105, as if depicting an electrocardiogram. The purpose of this strategy may be to exhaust investors' patience while accumulating more chips at a low level. The sluggish Trading Volume of 300 to 500 million daily also indirectly confirms this speculation.
For investors paying attention to SPK, the following two key signals are worth closely monitoring: First, if a sudden increase in trading volume occurs, especially if the daily trading volume exceeds 800 million and the price stabilizes above the short-term resistance level of 0.11, it may signal the arrival of a rising market trend. Secondly, if the price drops below 0.092, it may indicate a weakening of market control, and investors may need to carefully consider stop-loss measures.
From a medium-term perspective, SPK still has the possibility of a pump. However, in the short term, investors may need to endure a "grinding" consolidation period. During this phase, it is equally important to maintain patience and vigilance. Whether to choose to participate or observe should be based on one's own risk tolerance and investment strategy to make prudent decisions.
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