Monday, August 4, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

SPELL Price Prediction For January 18: Will SPELL Continue its Rally or is a Correction on the Horizon?

Munene Timothy by Munene Timothy
January 18, 2025
in Market News, Price Analysis
Reading Time: 4 mins read
SPELL Price Prediction For January 18 Will SPELL Continue its Rally or is a Correction on the Horizon
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • SPELL’s price at $0.001018 surpasses MA50 and MA200, signaling bullish strength; golden cross adds confidence for upward momentum.
  • High trading volume of 17.67B SPELL indicates strong buyer interest but warns of potential corrections from profit-taking.
  • Key resistance at $0.0010171; breaching $0.0012000 could lead to $0.01. Support at $0.0007992 ensures stability if corrections occur.

At the time of writing, SPELL was trading at $0.001018, a 28.40% increase in the last 24 hours and 37.30% rise over the past week. With a market cap of $157.52 million, this token is on an upward move. Javon Marks has noted important trends and indicators that could lead to SPELL’s bullish breakout.

Trends and Price Movement

Recent market activity shows SPELL having a sharp increase followed by a pullback. The transition from a consolidation phase in early November to an upward breakout in mid December has led to substantial price movements. These trends show the token’s volatility and potential for major price swings.

Related articles

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

August 2, 2025

Key Indicators and Levels

The Bollinger Bands show an upper band at $0.0010171, a middle at $0.0007992, and a lower band at $0.000581. The recent break of the upper band suggested strong bullish momentum, though the subsequent retracement hints at a possible correction. 

Source: TradingView

Additionally, the MACD line is at 0.0000346, above the signal line at 0.0000236, with a positive histogram of 0.0000110, suggesting continued bullish momentum. Volume trends have been crucial, with 17.67 billion SPELL tokens traded today. 

The increase in volume during upward price movements suggests strong buyer interest. However, the current selling pressure, as seen in today’s volume, points to potential profit taking or panic selling.

Support and Resistance Levels

Immediate resistance is at $0.0010171, aligning with the upper Bollinger Band and today’s high. A psychological resistance at $0.0012000 is also evident. On the support side, the middle Bollinger Band at $0.0007992 is the immediate support, with a stronger support at the lower band of $0.0005813. A breach below these supports could push prices toward lower levels.

Moving Averages and Price Interaction

The 50 day Moving Average (MA50) is at $0.000784, with the 200 day Moving Average (MA200) at $0.00076. The recent price surge above these moving averages further supports the short term bullish strength. 

Source: Santiment

The MA50’s crossover above the MA200 in mid November, known as a golden cross, complements this bullish outlook. However, the sharp rise also suggests a risk of correction, particularly if the price falls below the MA50 support.

Long Term Trends and Historical Context

Looking at a longer term, SPELL’s price history shows a sharp decline from highs near $0.25 in early 2022 to lows around $0.002 by late 2023. This extended downtrend reflects sustained bearish sentiment. 

However, since mid 2023, the price has shown signs of stabilization and accumulation, with recent recoveries hinting at a potential bullish phase. Resistance at $0.01 and $0.02 could serve as future targets if the recovery continues.

Tags: Altcoin NewsPrice Analysis

Related Posts

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Analyst Predicts Critical Bitcoin Support Between $107K and $105K as Sellers Dominate

Analyst Predicts Critical Bitcoin Support Between $107K and $105K as Sellers Dominate

by Munene Timothy
August 2, 2025

BTC broke below $116K support, exposing downside toward the $108K–$112K demand zone amid rising bearish pressure. CME gap around $114K...

XRP price prediction for Aug 02 Can $2.90 Hold as Support

XRP Price Prediction for Aug 02: Can $2.90 Hold as Support?

by Jonathan Carls
August 1, 2025

XRP drops 6.25% as high volume fails to counter strong selling momentum Key support at $2.90 under pressure as technical...

XRP Price Prediction for AUG 1 — Signs of Cooling as Bulls Eye $3.65 Rebound

XRP Price Prediction for AUG 1 — Signs of Cooling as Bulls Eye $3.65 Rebound

by Munene Timothy
July 31, 2025

XRP surged from $2.20 to $3.65 in July, gaining 44% monthly before consolidating around $3.16 with cooling momentum. RSI and...

Load More

Recent News

  • Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    202 shares
    Share 81 Tweet 51
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    200 shares
    Share 80 Tweet 50
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    199 shares
    Share 80 Tweet 50
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    199 shares
    Share 80 Tweet 50
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    200 shares
    Share 80 Tweet 50

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact