Technical analysis by CryptoNuclear about Symbol SPELL: Buy recommendation (9/5/2025)

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. --- 🔎 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. --- 🚀 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 --- ⚠️ 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. --- 🧩 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. --- #SPELL #SPELLUSDT #Crypto #Altcoin #TechnicalAnalysis #SupportResistance #PriceAction #CryptoAnalysis #Accumulation