The $SPECT token, native to the growing Spectral ecosystem, is currently defending a critical support zone after a recent pullback from local highs. While momentum has cooled, technical indicators suggest bullish potential remains intact if current levels hold.
$SPECT Finds Support Around $0.062 – A Key Technical Zone
After rallying to a recent high of $0.069, the $SPECT token has retraced to test the $0.062–$0.063 region, which previously acted as resistance in early July. This zone has now flipped into strong support, as evidenced by price stabilizing over the past 48 hours.
- Support zone: $0.062–$0.063
- Short-term resistance: $0.067
- Major resistance: $0.072
The token is also trading just above its 20-day exponential moving average (EMA), a level often defended in healthy uptrends. A bounce from this support would confirm bullish continuation, while a breakdown below $0.061 could shift near-term sentiment.
Volume Trends Signal Accumulation Phase
While trading volume has declined slightly since the peak rally, there is no sign of panic selling. Buy-side pressure remains steady, indicating that long-term holders may be accumulating at this level. This kind of base-building is often the foundation for future price expansions.
On-chain data also reveals wallet growth among smaller holders, suggesting rising community engagement and distribution—both considered bullish indicators over time.
Momentum Cooling, But Structure Remains Bullish
Momentum indicators such as the Relative Strength Index (RSI) have cooled from overbought levels and now sit near neutral at 51–53, offering room for another upward move without technical exhaustion.
As long as $SPECT holds above $0.062, the structure favors buyers. Any breakout above $0.067 on strong volume could send the token toward $0.072, with a longer-term Fibonacci target near $0.085.
Final Thoughts
$SPECT’s current price action shows healthy consolidation above a well-tested support level. The broader structure still favors a bullish continuation, provided this base holds. Traders should watch for volume confirmation and a potential reclaim of the $0.067 level as the next bullish signal.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.