Technical analysis by IamSteven about Symbol SPA: Buy recommendation (11/24/2024)

This coin exhibits a possible Cup and Handle pattern, signaling a potential bullish breakout. The yellow line is a strong resistance level.This bullish outlook is supported by fundamentals such as Sperax's growth in the DeFi space, mainly through its USDs stablecoin, which positions it as a sustainable alternative to traditional stablecoins. Additionally, broader crypto market recovery, fueled by increased investor interest in altcoins and DeFi innovations, could drive SPA’s upward trajectory. Increased trading volume near the resistance would further confirm the breakout, making this a critical level for potential price movement.Holding position averaged @0.009