Analyst Says ‘Much More to Come’ for Spell Token (SPELL) Despite 230% Spike, Points to Key Price for Major Breakout
Over the past month, the price of Spell Token (SPELL) has seen massive gains, spiking over 230% from recent lows. Despite this parabolic rise, some analysts believe the rally has much further to run. In the last week alone, SPELL has gained over 150%, with prices bursting through resistance levels as trading volume and market enthusiasm expands.
As crypto analyst and trader @cryptoknight890 points out, SPELL remains early in its upward price expansion based on the weekly chart. With the current price at $0.0017, he sees substantial upside room even from these levels.
Analyst Sets $0.0235 Breakout Target
As crypto analyst JavonMarks states, SPELL prices are “continuing to climb HEAVILY,” doing a near 3X within the past 21 days. However, he sees “much MORE COMING,” with $0.0235085 remaining as the breakout target. This implies another +1,680% move could take place.
So while SPELL has already experienced impressive gains in recent weeks, JavonMarks believes this is just the beginning, with the rally likely to continue surging to new highs in the near future. The current price action seems to validate his bullish stance so far.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +While impressive, this magnitude of parabolic rise is not unprecedented in altcoin markets in the midst of major bullish momentum.
Despite its over 200% gain already, SPELL appears primed for exponential growth as analysts eye a price channel bringing SPELL to nearly $0.025 and then more than 1600% in the current rally. With altcoins often moving dramatically in waves, traders seem to believe this wave still has a long way to crest.
You may also be interested in:
- Ripple’s XRP Token on the Verge: Top Expert Predicts Bullish Momentum – Pay Attention to These Metrics
- Bitcoin’s (BTC) Rally Ushers in the Altcoin Era: Ethereum (ETH), Solana (SOL), and More Set to Soar – Experts Highlight These Key Metrics
- Market skepticism within Chainlink (LINK) sees more Litecoin (LTC) holders rushing into Pushd (PUSHD) presale
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
