SPELL

spell Elliot Wave is the count only for tracking purposes. YTD.

spell Elliot Wave is the count only for tracking purposes. YTD.

SPELL Token Strong trend Hard Movements Moment Raises Low Price Band Easy Volume Rise Fast Formation Study High Leverase High Return Potential etc. A lot of reasons can be foreseen ... Formation Duke Construction Area ERC20 memecoin Token trend movements with the end of the trend, eth fixing, BTC Horizontal course .... A lot of reasons can be invested with the leverage ratios and the risk of liquidity I specify the criteria ... 100 $ 50X POSTERSE OPENING INSULLJE MARGIN POCIINE LIQUIDITY LEVELS 0.0002905 (Binance) For those who use the Mexc platform, liquidity 0.0003334 lovers are suitable for those who open transactions with $ 100 20x leverage ratio. Waiting time 72 hours Foot Note: Personal notes are not investment advice.

I would expect the break in Spell to come to 0,00075 levels if it breaks and closes it on its base in the diary.

I would expect the break in Spell to come to 0,00075 levels if it breaks and closes it on its base in the diary.

📉 Technical overview:SPELL has gone through a dramatic decline since launch, but the chart reveals a consistent pattern: long accumulation phases in a descending wedge formation, followed by sharp upward impulses.Currently, the price is once again consolidating near the same zone where previous breakouts occurred. The structure resembles past setups, which eventually led to explosive moves.📊 Key zones:Accumulation support remains intactPrevious breakout zones overhead serve as potential targetsFull pattern continuation could offer significant upside🧠 Opinion:SPELL behaves like a typical speculative token with a clear memory on the chart. Price reactions appear to follow historical fractals, which makes it an interesting candidate for trend-based speculation.🎯 Conclusion:Price is back in a familiar range where major reversals began previously. The setup is worth watching as a high-risk/high-reward opportunity for those who follow pattern-based strategies.

SPELLUSDT 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.✅ Show your support by hitting the like button and✅ Leaving a comment below! (What is You opinion about this Coin)Your feedback and engagement keep me inspired to share more insightful market analysis with you!

We previously analyzed this coin for a short setup, which played out well. Now we’re noticing seller weakness and a failure to push new lows. A local support zone has formed at $0.00065–$0.000598, and we’ve already seen an initial bullish reaction from it. We are considering a long from this zone or on a false breakout below the local low at $0.000589. The primary target for the move is $0.000665. This publication is not financial advice.

SPELLUSD | Long Bias | Watching Key Liquidity Zone | (May 2025)1️⃣ Insight Summary:SPELL is trading at ultra-low levels and sitting below a key value area. Despite concerns about fundamentals and major selling pressure, we're watching for a potential bounce opportunity if liquidity steps in.2️⃣ Trade Parameters:Bias: Long (Speculative Play)Entry: Around $0.00050 or slightly below — deep within value area lowStop Loss: Below recent wick low to avoid fakeoutsTP1: $0.00083TP2: $0.000913Partial Exits: Consider trimming if price shows weakness before TP13️⃣ Key Notes:SPELL is the governance token of the Abracadabra Money platform. While it offers yield-bearing deposits and borrowing via Magic Internet Money (MIM), there are serious doubts about its long-term viability.There's been a major increase in open interest, with aggressive buyers stepping in — but also heavy spot selling, possibly from insiders or large holders.Price momentum is weak, and volatility is high. This trade is high risk and based on technical liquidity zones, not fundamental strength.Keep in mind, if price can reclaim and hold above the value area high, we may see better continuation and chances for compounding positions.4️⃣ Follow-up Note:This idea will be updated if SPELL reclaims key levels or shows stronger bullish structure. Otherwise, we stay cautious and patient.Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible.Disclaimer: This is not a financial advise. Always conduct your own research. This content may include enhancements made using AI.

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